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02Feb1:33 pmEST
Another Chance for U.S. Steel on Groundhog Day
Punxsutawney, Pennsylvania sits eighty-four miles northeast of Pittsburgh and U.S. Steel headquarters. Seeing as Punxsutawney Phil the Groundhog saw his shadow and predicted six more weeks of winter today, that part of Pennsylvania seems to be even more in focus given the valiant comeback letter X is enjoying today. On the X daily chart,...
02Feb10:36 amEST
Gold and Silver Miners: Let's End the Suspense
Following a multi-quarter correction after an explosive rally which began a little over a year ago off a potentially major bear market bottom, gold and silver miners are threatening to emerge. For every encoring chart in the space, like PAAS below on the daily timeframe (a silver miner with earnings on February 14th), there are laggards like...
01Feb3:31 pmEST
Stock Market Recap 02/01/17 {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...
01Feb3:23 pmEST
Too Perfect for a Twin Winklevii Top
With a fairly muted reaction so far to The Fed, the focus shifts to Facebook earnings tonight (among others), and then Amazon tomorrow. Regarding FB, we are still talking about a bonafide market leader which has displayed remarkable resilience time and time again since its seminal moment in 2013 when the stock woke up from its post-IPO...
01Feb1:22 pmEST
Mixed Sentiment
Headed into the FOMC Announcement at the bottom of the hour, stocks and indeed many markets are mixed if not indecisive about how position for a few unknown risks. For starters, The Fed may adopt a more hawkish tone than markets anticipate at the moment, not to mention testing President Trump with some subtle swipes. What we know with a bit...