Artistic Flair Into Summer

29May2:50 pmEST

Update on the Eastern Front

It is interesting to see the inability of the oil-centric Russia (RSX) to bounce today, even as crude rallies. Into next week, I reckon something has to give on that front, with Russia either on the brink of another sharp mov down or instead finally stages a snapback bounce. Regarding crude itself, though, on a standalone basis we can see...

29May12:18 pmEST

They'll Need to Go Fishing in the Red

Natural gas seems to be an interesting niche within the commodities complex, with strident perma-bulls and perms-bears alike chirping with each rally and swoon. I have not traded natty much in recent months, though long-time readers know I have traded UGAZ (the triple-long natural gas ETF) with fairly good results in recent years, occasionally...

29May10:17 amEST

Watch the Flank

With the market stuck in such an obvious range, there still exists the possibility for some type of sudden break, one way or the other. I see ALTR is continuing the semiconductor party this morning with a gap higher, while HRTX is doing the same for the hot generic healthcare plays--There may be more M&A activity yet in those sectors. The SPLK...

28May5:10 pmEST

Stock Market Recap 05/28/15 {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...

28May2:58 pmEST

Sizing Up the Fight

Despite another failure by bears to follow-through lower on the sell-off earlier this week, bulls have not exactly sealed the deal with an upside range breakout either. Google may very well be a good example of this phenomenon among market leaders, beyond the major averages. On the daily chart, first below, the stock is rangebound though may...

28May12:30 pmEST

A Look at the Energy Complex

I took off the rest of an ERY long this morning inside Market Chess Subscription Services , as a way to play the short side of energy stocks (ERY is the triple-bearish version of the XLE, sector ETF). I may look to reenter the bearish bet after a weak bounce. As for crude itself, on the USO ETF daily chart, below, note that crude is now down...

28May11:23 amEST

Magnus Carlsen Blind at the Sohn Conference

Hat Tip: @Dasan on Twitter for the link

28May10:05 amEST

Aspirational No More

Given the vast array of earnings blow-ups in the retail sector this reporting season, it seems as thigh the aspirational customer, meaning upper-middle class and more or less resorting to purchasing a modified group of luxury brands to sample the "baller" lifestyle, has been trading back down to a more humble line. Specifically, the likes of...

27May4:53 pmEST

Stock Market Recap 05/27/15 {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...

27May2:17 pmEST

Artistic Flair Into Summer

To update an idea we have been looking at for a while now, note the chart of the under-watched tech firm, Globant. On the daily timeframe, below, we can see a fairly textbook and almost artistic "cup and handle" setup developing, with a move over $26.30 likely setting in motion a breakout higher from the pattern, potentially targeting a move...