Stock Market Recap 05/11/16 {Video}

16May10:53 amEST

This One's for All the Shuffleboard Bragging Rights

It seems a bit too cute that just a few weeks after Carl Icahn announced he no longer had a position in Apple, Warren Buffett now comes out and discloses a new position in the name. The billion-dollar bet on Apple seems at odds with Buffett's general philosophy regarding technology firms, since he has freely admitted his general ignorance on...

15May2:17 pmEST

Weekend Overview and Analysis 05/15/16 {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...

14May6:57 pmEST

Saturday Night at Market Chess Cinemas

The untimely death of Garry Shandling earlier this year saw the world losing an incredibly underrated comedian. It is truly unfortunate that The Larry Sanders Show, in which Shandling played the lead, ran on HBO as a sitcom from 1992-1998, before the era of ubiquitous streaming television shows for all to watch. Thus, its brilliance will likely...

13May12:50 pmEST

A Backdrop of New Mexico Architecture

If the bull case does pan out for the broad market this summer, it is hard not to see Adobe taking over the reigns of mature tech leadership. On the daily chart, below, note ADBE basing soundly in the context of an uptrend. Earnings are not due until late-June. And I suspect a move over $97.20 now could get Adobe going well over $100. Note...

13May10:42 amEST

Know What You're Hunting For

The back-and-forth nature of the action over the past week or so can be reflected in two charts, differing timeframes of the SPY (ETF for the S&P 500 Index). First, the daily chart shows a possible head and shoulders top (the right shoulder can be higher than the left shoulder in a valid top), below in light blue on the first chart. Next, the...

12May5:54 pmEST

Stock Market Recap 05/12/16 {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...

12May2:38 pmEST

Sugar House Casino Emerging from a Rough Neighborhood

For all of the backing, filling, head-fakes and heartbreak, the coffee and sugar commodities both look to be cementing longer-term bottoms with their recent rallies which appear to be holding steady. For quite some time now, trading the thin soft commodity ETNs has been very casino-esque, ironically tantamount to the Sugar House Casino in...

12May1:02 pmEST

Lots to Choose from at This Buffet

By now, we all know the trials and tribulations of VRX in the healthcare sector, complete with Bill Ackman ballyhoo and juicy media coverage. But beyond VRX, many other titans in the healthcare complex are under pressure, failing to sustain eve promising earnings bounces. MNK, for example, is now well below its recent earnings jump, and then...

12May10:49 amEST

If You're an Apple Supplier, Reveal Yourself

The persistent weakness and inability to hold so much as a modest bounce continues to haunt Apple, knifing below the $92 level, which we had been previously observing for Members, this morning. Late-last week, we looked at the AAPL suppliers for actionable short ideas, including "Lyin" CRUS, which rallied after earnings only to give up the...

11May4:55 pmEST

Stock Market Recap 05/11/16 {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...