Fast Food Wars Heating Up Into the Bell

15Feb3:47 pmEST

Stock Market Recap 02/15/17 {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...

15Feb3:44 pmEST

Cisco on a Road Trip to Value City

In front of earnings tonight, Cisco is breaking out on all timeframes. The mature tech play is clearly in the value phase of its existence. Thus, for many market players, including myself, the juicier information on tonight's earnings call will be any specific stocks or sectors upper management mentions on the call--After all, CSCO is almost...

15Feb1:16 pmEST

Teck's Cup and Too-Hot-to-Handle

Teck Resources, unquestionably one of the major materials mining leaders over the last year, is selling off aggressively into the afternoon after its latest earning report. Headed into the report, TECK had been sporting an attractive daily chart setup, with a "cup and handle" formation near recent highs and the presumption of another upside...

15Feb10:38 amEST

Cornerstone in the Corner Pocket

Given the success of some monstrous growth technology firms in the software and internet content arena, such as SHOP WIX, we want to see potential follow-on winners, too. Cornerstone OnDemand is one candidate, with earnings now out of the way. The firm has been rumored to be for sale. But even if no buyout occurs, the daily chart for CSOD,...

14Feb3:39 pmEST

Stock Market Recap 02/14/17 {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...

14Feb3:33 pmEST

Angie's List for Valentine's Day?

ANGI has earnings tomorrow morning before the bell, which of course is a viable risk to any open positions in the name. However, it is worth noting as an educational example that the daily chart is printing a reversal candle today after a prior, steep downtrend. ANGI has been a perennial laggard since its 2013 peal. But it will be interesting...

14Feb1:38 pmEST

A Depth Perception Test

One of these days we will not see dip-buyers step in with their usual confidence whenever the market sees a fairly obvious "sell the news" event. This morning, for example, Janet Yellen's hawkish testimony before Congress initially brought many stocks down, before bulls waltzed into the dance sticking out their chests and with smug grins on...

14Feb10:51 amEST

Tail Risk for Talons

A rather hawkish-sounded Janet Yellen this morning, in her testimony before Congress, is helping to keep a lid on the market's upside momentum. Technology stocks, namely the "FANG" leaders like FB AMZN GOOGL NFLX, are all red and giving slight gains of recent days back. TSLA is still green after a ferocious squeeze the last few weeks, but...

13Feb3:53 pmEST

Stock Market Recap 02/13/17 {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...

13Feb3:52 pmEST

Fast Food Wars Heating Up Into the Bell

In terms of M&A, an overlooked area may very well be the fast food space. Within the last hour, PLKI (Popeyes Chicken) spiked on rumors of an imminent Burger King (QSR) bid. QSR actually spiked on the news, too, which backs up their strong earnings as being a well-run ship these days. As a result, we will look at some other ideas in the fast...