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Showing articles 31 - 40 (5916 total)

25Jul3:30 pmEST

You're Either Natty or You're Not

The highlight of today's otherwise slow-as-summer-doldrums session today figures to be the impressive moves across the energy complex. We have been consistent in tracking the potential of the group. And now comes the stiff test as to whether energy bulls can fight through a loaded coming week of earnings the FOMC, other macro data points like...

25Jul11:40 amEST

The Great Energy Tug-of-War

Last week we charted, on several occasions, various bullish inverse head and shoulders bottoms in the energy sector, be it the USO ETF for crude itself or the XOP ETF for exploration firms.  But we can chart as many of those as we like at this point.  The real crux of the issue is how the market sorts out the tug-of-war taking place between...

24Jul9:26 amEST

Weekend Overview and Analysis 07/24/22 {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...

22Jul11:28 amEST

Over the Tech Top

The SNAP bloodbath today is a good reminder that the Nasdaq bear market is not likely to be over. In fact, my view is that with the likes of TSLA still richly valued (among many, many others despite steep price drops this year) we could easily have a long ways to go in the next few quarters before I would be prepared to declare a major bottom...

21Jul4:34 pmEST

Stock Market Recap 07/21/22 {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...

21Jul10:50 amEST

The Heart of Summer Action

With a fair amount of Wall Street away from their desks in the heart of summer the day-to-day swings we continue to see should not come as too much of a surprise. TSLA is enjoying a nice post-earnings pop, but it does not seem to be carrying the Nasdaq higher as bulls may have expected. Instead, we are left with a mixed, soft session with less...

20Jul10:40 amEST

A Seaside Heights Rally

Led by high quality names like Coinbase, Cathie Wood's ARKK (below on the updated daily chart) is staging a mid-summer revival of sorts as price clears well-defined multi-month resistance this morning.  I am being cheeky, of course, in referring to COIN as high quality--In fact, this rally is rather trashy, as we have some of the highest beta,...

19Jul3:41 pmEST

A Beauty and a Cheapie

As China reopens, we have South Korea steel maker POSCO, first below on its daily chart, trading with a PE of 2 (!) and a well-run company. It is hard not to think that PKX is due for a sharp, continued bounce given the broad market action and China re-opening as most commodities firm up.  And on the second daily chart, below, we have HALO, one...

19Jul11:18 amEST

Roundtrip: But is it Really Over?

The once red-hot soft commodities and their related agribusiness stocks have been humbled throughout the spring and early summer months. As the war in Ukraine marches on, however, coupled with entrenched inflation overall one has to wonder (not unlike with the energy stocks) if the sharp moves lower have been more of the bull market correction...

18Jul3:44 pmEST

New Levels to Clear

Clearly the AAPL news threw a wrench in the rally attempt for bulls today, overall. The Nasdaq's QQQ ETF, below on the updated hourly chart, faded off $296 as the next level above to clear, after having jumped over the key $290 level. But now into the bell it appears we may close just back below there into the $288-$290 zone which was prior...

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