Stock Market Recap 04/21/16 {Video}

26Apr10:25 amEST

Taking Turns as Leaders

The small cap stocks in the Russell 2000 Index are back at it again this morning, leading a mild market bounce in front of AAPL earnings and the FOMC Announcement tomorrow afternoon. On the 30-minute chart for the IWM, the Russell's ETF, below, note the $114.15 level just above serving as some pretty obvious resistance despite the small caps...

25Apr5:05 pmEST

Stock Market Recap 04/25/16 {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...

25Apr3:40 pmEST

The Perrigo Principle in Effect

The Pareto principle (also widely-known as the 80–20 rule) states that, in general, roughly 80% of the effects come from 20% of the causes in most events. Applied to the huge down move in PRGO today, on the back of news that CEO Papa left to head rival firm VRX, we may very well apply the "Perrigo Principle." Specifically, on a slow market...

25Apr12:43 pmEST

Walk it Down Before the Fireworks

Equities, and indeed most commodity-related stocks, are pushing down into the New York lunch hour, as likely profit-taking is finally setting in before a full slate of earnings, a Fed meeting, and some significant macro data later this week. A leader like NFLX is a notable laggard here, still threatening a potential head and shoulders top...

25Apr10:43 amEST

Bake Up a Good Chemical Reaction with Gas

After an impressive run-up last week, natural gas is coming in off short-term overbought conditions, seen on the daily chart for the UNG ETF, below. Although there have been quick-hitting, actionable long trades in natural gas in recent years, on the whole natty has been mired in a bear market since 2008. Unlike other commodities in 2016,...

24Apr2:44 pmEST

Weekend Overview and Analysis 04/24/16 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

23Apr7:24 pmEST

Saturday Night at Market Chess Cinemas

Geoffrey Rush's performance, for which he won the Best Actor Oscar, on a standalone basis makes Shine (1996) worth seeing. Rush would rise to a more prominent status in Hollywood after this role, as pianist David Helfgott, who makes a riveting comeback to the piano after enduring a breakdown at a younger age. This film is based on the...

22Apr12:47 pmEST

Don't Try to Change That Number

Taking a lesson from when Michael Jordan switched to number 45 after coming back from his baseball stint, lost to the Orlando Magic in the 1995 NBA playoffs, then came back the next year as number 23 again and won the NBA Championship with arguably the most dominant team in the last two decades, we should not change our number when it comes to...

22Apr10:51 amEST

The Microsoft Clippers Take the Floor

Much like our analysis of KO earlier this week, MSFT is another stodgy Dow name which took its sweet old time getting back to prior all-time highs set more than fifteen years ago. Now that both KO and MSFT have circled back to their prior highs, with Microsoft actually "clipping" it with momentary fresh ones, long-term overhead supply is likely...

21Apr4:39 pmEST

Stock Market Recap 04/21/16 {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...