Holiday Hangover Slowing Things Down

02Jun12:57 pmEST

Conquering Anti-Social Disorders

Considering they are "social" stocks, the likes of LNKD TWTR YELP, even P, have been decidedly anti-social in their price action over the last few years, especially considering the indices made new highs and many primetime leaders like AMZN FB surged. We have discussed this theme in recent weeks. So what we are going to do now is update it: I...

02Jun10:55 amEST

More of a Summer Gathering

The post-holiday action has more of a feel of a casual summer gathering than it does an action-packed market seeking price discovery. Another soft open has seemingly been blunted by dip-buyers this morning, with plenty of individual names green and aloof to attempts by shorts to take us lower. Until that changes, it is tough to see bears making...

01Jun4:56 pmEST

Stock Market Recap 06/01/16 {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...

01Jun3:33 pmEST

The Tenth Wishes You'd Lost More

A variation of an old poker joke is that when it comes to telling other people your "bad beat stores," or when you are mathematically favored to win a hand before it is completed but an opponent defies the long odds and beats you, you are better off keeping it to yourself because nine out of ten people don't care about your bad beat...and the...

01Jun1:03 pmEST

Choose Darjeeling Over Coffee

Tata Motors Limited, auto maker out of Mumbai, India, is surging this week after earnings. On the weekly chart, below, note the potential for TTM to have just confirmed a sizable bottom since last summer, so long as $31.40 now converts into newfound support, below. Also note the extreme outperformance of TTM this week versus other auto makers...

01Jun10:55 amEST

Elegance is Nice But Not Required

There are, indeed, plenty of other markets and macro headlines circling about these days for too many market players to concern themselves with the price action in natural gas. However, with the 2016 Hurricane Season starting today, and wonky on-site reporters on the weather networks playfully wagering each other which Gulf Coast or eastern...

31May5:02 pmEST

Stock Market Recap 05/31/16 {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...

31May3:38 pmEST

Having a Good Stretch

Energy has been enjoying a good couple of weeks directly in the face of the U.S. Dollar rally, making the bounce for USO and XLE all the more impressive as other commodities and miners corrected. Still, it is worth noting that energy titan and, arguably, a good "tell" for the XLE, Exxon Mobile, is signaling some short-term caution today. On...

31May12:59 pmEST

Losers Getting the Love

The theme we saw at various intervals in recent weeks, of beaten-down high beta issues like GPRO TWTR catching a bid and exuding relative strength, is persisting the first day back from holiday. In addition to TWTR, we have the likes of LNKD and some badly-beaten biotech outperforming. TASR has enjoyed something of a renaissance of late, too. ...

31May10:48 amEST

Holiday Hangover Slowing Things Down

Despite a hefty premium for the CPXX buyout by JAZZ, and CLF surging on the deal with MT, upside momentum in the broad market was initially blunted out of the gate this morning. AMZN is still acting well among leaders, but other names like CMG may be vulnerable to cracking again, on top of some glaring relative weakness out of MCD SBUX. ...