Operation Zika is No Game

03Aug3:39 pmEST

I Don't Want You to Be the Guy in the PG-13 Movie

The "Three Day Rule" (previously discussed as a general rule of thumb for avoiding the knife-catch on names which have seen monstrous earnings gaps, for at least three sessions) for Twitter since its latest earnings quagmire has now come and gone. The stock is actually surging today on the back of some vague buyout rumors this morning,...

03Aug12:53 pmEST

Oil: I Want This Done By the Book

With inventory out of the way for the week, crude oil is staging a fairly impressive rally into the New York lunch hour. No one can say for sure whether the worst is behind us with regard to the entire energy complex. But for a near-term trade the USO ETF, below on a zoomed-out hourly chart, shows a very steep falling channel now seeing price...

03Aug10:40 amEST

Can You Imagine the Jacksonville Jaguars Making the NFL Playoffs?

One of the major themes this morning is the resurgence of long-term laughingstocks in the market, such as ETSY, rallying sharply to notably outperform a tape which is, by and large, still consolidating. Another vague TWTR buyout rumor is not hurting the cause for Twitter longs. In addition, FIT is rallying hard after earnings and GPRO P are...

02Aug5:00 pmEST

Stock Market Recap 08/02/16 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

02Aug3:32 pmEST

A Subtle Change

After a few weeks of a very narrow range consolidation, today may very well be the first day in a multi-day price pullback to shake out complacency before a potential new leg higher. Of course, something more ominous may always be lurking, given the price action in crude oil on top of the issues in both Japan and Europe. But, for now, bears...

02Aug1:12 pmEST

Clawing Back for a Fight

In the midst of Japanese Government Bonds (JGBs) suddenly selling off hard, the risk averse Japanese Yen currency is surging again along with precious metals today. Treasuries are suspiciously weak. But the larger issue is the Yen exploding for a potential new leg higher. If that materializes, along with the crude oil weakness, stocks may have...

02Aug10:47 amEST

Rust on the Relics

After reporting a decline in U.S. vehicle sales in July, shares of Ford are down 4% as I write this. Along with our analysis of DIS NKE SBUX UA, the price action in F and GM regarding moderate-to-big ticket items for consumers has been concerning for a while now, seemingly masked by the strength in software, medical devices, and select leaders...

01Aug4:42 pmEST

Stock Market Recap 08/01/16 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

01Aug3:48 pmEST

A Little Too Much Attitude at Disney

Earnings are next week for Disney, and judging by the updated weekly chart, below, they will need a strong bounce-back quarter to reassert themselves as a market leader. Along with NKE and SBUX, DIS has been lackluster of late, at best, seemingly replaced by faster growing and more exciting medical device and software plays as leaders. Of...

01Aug12:49 pmEST

Operation Zika is No Game

Zika Virus is starting to hit home now even more, as the Drudgereport, for example, features the recent Florida news of ten new Zika cases in Miami. QGEN is the main diagnostics play for Zika, as the chart recently staged a surging breakout from a base bottom. Let's watch this one back over $27. INO and XON are two biotechs with exposure to...