Birds Causing Some Panic

05Aug3:15 pmEST

Three's Company After the Bell Tonight

The three-headed monster of controversial stocks each reports earnings after the bell tonight: GMCR, HLF, and the estimable TSLA. It my very well be a good market pulse to see how each stock reacts, in terms of whether we are still at that phase of the bull market where "hated" stocks continue to punish shorts, or instead finally succumb. As...

05Aug12:43 pmEST

One More Strike May Lurk

As a general rule, markets which remain stubbornly oversold in the context of an established downtrend and fail to sustain even snapback rallies, when they appear that they should, are most at risk for a further wipeout. Consistent with previous discussions, the inability of the energy sector and crude oil to hold bounces remains a lingering...

05Aug10:24 amEST

A Hot Sector Cuts Both Ways

Biotechnology stocks, as a whole, are still acting like leaders, with IBB (the sector ETF) clearing $385 this morning, a short-term resistance level. AMGN CELG REGN, for example, have all been acting well as large cap, liquid leaders in the space. And BLUE, below on the daily chart, is a long idea we are eyeing inside Market Chess Subscription...

04Aug5:18 pmEST

Stock Market Recap 08/04/15 {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...

04Aug3:09 pmEST

Gyroscope Market

In front of PCLN earnings tomorrow morning, as well as TSLA's later in the day, the market is continuing to whipsaw with wild intraday swings, not yielding much overall progress. In addition, big bad Disney is still pushing the limits of its multi-year uptrend, pictured below. The tis to shorts, though, is that The House of Mouse staging a...

04Aug12:39 pmEST

Apple Setting Up for a Big Fall Harvest

Although we are only one month into the third quarter of trading, the quarterly timeframe of Apple, below, offers good perspective on how important this price action is in a long-term context. Specifically, AAPL printing two consecutive potential topping candlestick each of the last two quarters this year, denoted by the long shadows on the...

04Aug10:20 amEST

Full Circle Out of the Sky

Small, mid, and micro-caps are all outperforming this morning, and the likes of a post-earnings large cap biotech REGN gap higher is offsetting some of the glaring weakness in the likes of AAPL, again. Apple is breaking down from a well-defined multi-month range, and has been a short idea we have been discussing for a while. Into weak bounces,...

03Aug5:09 pmEST

Stock Market Recap 08/03/15 {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...

03Aug3:23 pmEST

Let's Show Deference to the Chevron Doctrine

A 1984 Supreme Court case featured energy giant Chevron as one of the named parties. The actual "Chevron Doctrine," derived from the case, is seen above. But, for our purposes, with CVX gapping free and clear below its lower Bollinger Band today, it does raise the specter of an outright energy crash. And before you dismiss that, I would...

03Aug12:49 pmEST

Birds Causing Some Panic

On an otherwise slow, summer Monday morning, the persistent weakness in both commodities and the share price of Twitter is noteworthy. Regarding TWTR, the stock is down more than 6% as I write this, with price finally back to, and undercutting, the May 2014 low of $29.51. Clearly, the stock is a bit short-term oversold (as per Bollinger Band...