Cleaning the Sweet Tooth in Miners

11May3:43 pmEST

You See This? This is This

Crude oil is crude oil. The popular thesis that stocks are moving in lockstep with Black Gold is getting thrown for a loop today, as equities giving up most or all of yesterday's gains while crude surged after inventory this morning. So what is the message from the market: You see this? This is this. Crude is crude. It's not something else....

11May12:52 pmEST

Pack Your Lederhosen, Boys

Pack your lederhosen, boys. You're going to Norway. Well, you will at least want to look at the Netflix chart, second below (for which Lilyhammer was the first exclusive content offered by the service), compared to might AMZN, on the first daily chart. As we know, AMZN and FB have been the undisputed monsters of the market lately. And, going...

11May10:40 amEST

Flocking Together Into Darkness

On the back of earnings disasters by Macy's and Fossil, down 11% and 30%, respectively, as I write this, retail names visually across the board are getting pounded this morning. Note that this includes names which has been holding up well, such as Coach. Other issues like KORS TGT TIF are not being spared either, getting clubbed without mercy. ...

10May4:35 pmEST

Stock Market Recap 05/10/16 {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...

10May3:40 pmEST

Twin Peaks and a Domed House of Mouse

Disney reports earning tonight after the bell. Like many multi-year winners in this market, such as AMZN AWK HD MCD, the "House of Mouse" has been incredibly resilient even when it appeared to be topped out. Regardless of the result and reaction tonight, I doubt DIS will tip the scales one way or the other in terms of the broad market's next...

10May12:58 pmEST

A Strip View of Biotech from the Aria Sky Suite

After earnings, shares of mid-cap biotechnology firm Ariad Pharmaceuticals Inc. are trading higher by nearly 10% as I write this. ARIA was a name we looked at a few weeks back as having a better relative chart than most other biotechs, which are still licking their wounds and trying to salvage some type of identifiable base bottom after...

10May10:40 amEST

Grand Theft Energy: Solar City

Even during the height of the commodity/materials/mining complex rally in the winter and early-spring months, solar was one part of the market we repeatedly avoided for Members for a variety of reasons. Above all else, solar stocks have been notoriously and perhaps uniquely risky for years on end, what with abrupt secondary offerings,...

09May4:39 pmEST

Stock Market Recap 05/09/16 {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...

09May3:30 pmEST

Exhausted Sellers May Have Lost This Auction

The correlation between the stock for high end auction house, Sotheby's, and the S&P 500 Index is a topic long-time readers know we have discussed many times since at least 2013. This morning, Sotheby's announced a $25.9 million loss for the first quarter of 2016. Despite that, the stock is rallying sharply today, up more than 6% as I write...

09May1:00 pmEST

Cleaning the Sweet Tooth in Miners

A harsh shakeout in the miners this morning, precious and otherwise, reinforces the notion that trading this part of the market almost always equates to "adult swim," with wild price swings and tons of head-fakes. In this case, miners bounced back late-last week after some initial weakness. However, the continued rally in the U.S. Dollar saw...