Big Blue Needs Better Help

29Jan3:19 pmEST

X Marks the Spot for XME Names

Despite VALE's dam collapse in Brazil, and the stock's subsequent punishing at the hands of the market, with at least 65 people killed at this point and several arrests already made, the larger picture beyond the awful new special to VALE is that many miners are acting better. We have covered the renewed strength in precious miners of late. But...

29Jan11:11 amEST

Frozen in Real Time

Ahead of the big events of the week, such as AAPL FB AMZN earnings the next three evenings, respectively, on top of the FOMC and GDP print tomorrow, equites are essentially sloshing around in a new short-term range we have been establishing over the last week and a half or so. Weakness in Square is being attributed to a negative analysis report...

28Jan5:18 pmEST

Stock Market Recap 01/28/19 {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...

28Jan12:42 pmEST

Battling the Elements This Week

The polar vortex of extreme wintry temperatures across the country this week may as well be a metaphor for the elements bulls are facing, too. Alongside this morning's NVDA sell-off after cutting guidance, a CAT-led Dow swoon in the broad market, we also have a plethora of major earnings like AAPL AMZN coming up this week, not to mention a Fed...

26Jan8:08 pmEST

Saturday Night at Market Chess Cinemas

Although I largely consider the new age special effects of most films these days to be rather overrated and unworthy of a trip to the theatre, I must say that Peter Jackson's stunning World War I documentary, They Shall Not Grow Old (2018), stands out as an exception and is more than worth the time, money, and effort. Wearing those wonky 3D...

25Jan10:45 amEST

Right, Yeah, a Buffer: The Market had a Lot of Buffers

With plenty of reasons to trade lower this week, including the historical nature of the government shutdown and other political headlines swirling this morning, stocks are instead flexing to help the major index charts push up and away from their respective 50-day moving averages. As we know, the Dow, S&P, small caps, and Nasdaq have spent...

24Jan2:03 pmEST

In a Lonely Place

I have spent the better part of this week toiling away at refining the running list of names holding up and acting best in this mixed market, without putting fresh capital to work, just yet. As I noted earlier, despite the chips rallying hard today we have yet to see the rest of the tape become truly excited by the likes of INTC LRCX TXN XLNX. ...

24Jan10:57 amEST

Bittersweet Chips

Despite impressive action in the semiconductor space this morning off LRCX TXN and XLNX all rallying sharply after last evening's earnings reports, not to mention INTC this morning too, the rest of the tape seems a bit too sluggish, all things considering. Specifically, one would think with a critical part of the tech sector like chips...

23Jan4:47 pmEST

Stock Market Recap 01/23/19 {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...

23Jan10:57 amEST

Big Blue Needs Better Help

Despite an overnight rally led by Dow futures largely on the back of IBM (or "Big Blue," as it is known) earnings, equities are experiencing a notable dip as I write this. In fact, the small caps in the IWM and the S&P 500 Index's ETF, SPY, flipping back to red. Simply put, bulls will need to show they have sufficient conviction to step back...