Low and Slow is Money

21Jul12:52 pmEST

A Good Test of Actual Sentiment

With stocks taking a breather this morning and finally seeing some light profit-taking as the small caps initially flinched at the idea of taking over the leadership reigns, we should now gain excellent insight into what the actual sentiment is of market players. Specifically, in this day and age with a plethora of easily-digestible sentiment...

21Jul10:38 amEST

Another Case of Piling On

Just as with our analysis regarding Microsoft and its earnings surge yesterday, Qualcomm is also acting like an elder statesman for a hot sector after its own earnings explosion today. MSFT is the veteran for the software group, while QCOM is it for the suddenly red hot communications equipment plays. Interestingly, on the quarterly chart,...

20Jul3:46 pmEST

Stock Market Recap 07/20/16 {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...

20Jul3:42 pmEST

Let's ANIP This Issue in the Bud

As we profiled yesterday into today, the biotechnology (and crude oil) divergences to the broad market rally would likely be telling. At the moment, bulls are prevailing, albeit with a bit more work to do. Still, the XBI (small/mid-cap biotechnology sector ETF) is surging and rather impressive in its strength building throughout the session. ...

20Jul12:58 pmEST

Let's Keep Track of the Count

As equities keep grinding higher, it is worth keeping track of the precious and non-precious miners. After all, miners have staged brilliant rally since the beginning of this year and could still easily be in the early innings of a new bull market, in their own right. Today is the second day of miners, by and large, finally seeing some more...

20Jul10:42 amEST

The Elder Statesman of the Software Industry

With the technology sector, we know software has been as hot as any group in the market of late, sporting plenty of charts basing high and tight after recent rallies. Moreover, the industry is ripe for further M&A, with plenty of attractive targets offering impressive earnings and revenue growth for larger firms to gobble up. Microsoft, of...

19Jul4:38 pmEST

Stock Market Recap 07/19/16 {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...

19Jul3:50 pmEST

The Most Important Crude Oil Inventory Report of Our Lifetime

That may be stretching it, of course. But there is little doubt that the crude oil divergence is becoming more glaring by the way, as the USO ETF, below on the daily, looks to close below the key $10.80 level again. Russia an some oil stocks are now finally reacting to Black Gold being red. So I suspect tomorrow morning's inventory report could...

19Jul12:49 pmEST

Good China, Bad China

After YHOO earnings, BIDU is down more than 3% as I write this, with its own earnings scheduled for July 28th. China names, on the whole, have been a mixed bag lately, with BABA attempting to base out and convincingly leave the $80/$81 area in the dust as support. Moreover, as we have been profiling for Members consistently, two of the better...

19Jul10:42 amEST

Low and Slow is Money

We have the makings of a "low and slow" quiet consolidation day in the market, with stocks largely hanging in remarkably well despite a steady stream of negative headlines in recent weeks around the globe. Beyond that, even something like a NFLX earnings blow-up is barely making a dent, with the QQQ leading indices lower, yet still down a mere...