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22Feb10:45 amEST

Turnarounds Seldom Turn

Warren Buffett once famously said that, “turnarounds seldom turn," when it comes to businesses trying to right the ship. Regarding Mobileye after earnings this morning, however, if the "turn" is directed by the Israeli firm's self-driving software it may defy Mr. Buffett's general axiom.  On the MBLY daily chart, below, we can see the progress...

21Feb3:59 pmEST

Stock Market Recap 02/21/17 {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...

21Feb3:56 pmEST

First Things First for First Solar

First Solar is one of the more visible firms reporting earnings after the bell tonight.  The solar sector has been an excellent destroyer of capital for a good while now. But if a turnaround is imminent, then FSLR earnings tonight could easily advance some of the minor technical progress we have seen of late. The TAN sector ETF, below on the...

21Feb1:39 pmEST

It May Not Be a Zero-Sum Game, After All

With Wal-Mart surging higher today after earnings, combined with Amazon clearing five-month resistance, it may be worth reassessing the ubiquitous notion now that AMZN's success necessarily equals failure for most other things retail. If that were for the case, perchance, then why is WMT still holding the low-$60s area with confidence, the...