Netflix Out of Compelling Storylines for Now

26Jul3:30 pmEST

In the midst of some disappointing earnings reactions this morning from the likes of FB NOW PYPL TSLA, we have a soft Nasdaq keeping a lid on the small cap progress we saw yesterday out of bulls. It will be interesting to see if the QQQ bulls can pull the rabbit out of the hat again and buy this dip, considering the resilience they have...

24Jul4:05 pmEST

Stock Market Recap 07/24/19 {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...

24Jul10:40 amEST

The Next Snap is Snap

It may be tempting to hunt down a name like YELP as potentially being the next SNAP, in terms of long-time social media laggards waking up in a major way like we have seen from shares of Snap since last Christmas when the stock dipped under $5. However, that may be missing the point. Specifically, SNAP may just be getting started. After...

23Jul10:54 amEST

Those Should Be Tears of Joy

Gold miners are slightly fading this morning after their latest push higher. At first blush, seeing the U.S. Dollar ETF (versus a basket of developed economies' currencies), UUP, on the updated daily chart, below, breaking higher out of consolidation would seem to be prima facie bearish for the entire precious metals and mining complex. ...

22Jul3:30 pmEST

Endless Summer Sessions

This sleeps summer market, seemingly holding its breath in advance of the coming earnings onslaught, has all the pace and action of a Richard Marx love ballad. Naturally, the small caps in IWM are back in the red and blunting any semblance of upside energy bulls were enjoying earlier in the sessions, save BYND and TTD as a few notable...

22Jul10:47 amEST

Games Which Have Been Around for a While

Even in the strongest of bull markets we must brace for standard mid/late-summer games, meaning periods of seemingly endless choppy price action and new ranges tediously being formed on the indices, sectors, and even leading stocks alike. For this reason, we often see options players burned during the late-July/August interval, even if the...

20Jul5:53 pmEST

Saturday Night at Market Chess Cinemas

Currently available on Netflix, Platoon (1986) may not be a particularly upbeat film. However, there is no denying it is Oliver Stone's masterpiece, with the award winning filmmaker flexing his true auteurship as the writer and director here, while a top shelf cast of Charlie Sheen, the menacing Tom Berenger (pictured above), and William...

18Jul6:14 pmEST

Stock Market Recap 07/18/19 {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...

18Jul11:03 amEST

Netflix Out of Compelling Storylines for Now

After spending much of the late-winter, spring, and summer essentially grinding sideways in a massive range we now have Netflix gapping down massively this morning after earnings. From a broad market perspective it is impressive for bulls to see the Nasdaq hang tough and, thus far, avoid significant pin action or sympathy selling from the NFLX...