Hold Up Your Badge, So They'll Know You're a Software Play

06Feb3:43 pmEST

I Wonder if You Wonder

Lest we become too immersed in the innuendo scene from my favorite film noir ever made, Double Indemnity (1944), I will simply state that I wonder if you truly wonder about whether a chart like Fitbit has turned the corner. We know FIT remains heavily-shorted, and seeing the squeezes today in the likes of OSTK and SNAP should keep our ears...

06Feb11:02 amEST

It's Not Just a Game

Names like ATVI GLUU (which had been acting brilliantly for months on end) EA GME TTWO are all either getting pummeled this morning or, ion the case of GME, have been in a bad technical spot for a while now. Needless to say, the "gamers" space is clearly not on the level of enterprise software in terms of technical health and prospects for...

05Feb5:40 pmEST

Stock Market Recap 02/05/19 {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...

05Feb10:51 amEST

Smelling Blood in the Water

Equities are extending higher this morning as we head into a delayed State of the Union speech tonight at 9pm EST. I expect President Trump to dedicate a portion of his speech to renewed emphases on strong national defense measures, or "peace through strength," as he often calls it. As a result, the ITA ETF (for the aerospace and defense...

04Feb5:05 pmEST

Stock Market Recap 02/04/19 {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...

04Feb12:31 pmEST

Like a Natural Canopy

Pot stocks and software have been two of the main parts of the market attracting plenty of hot money in 2019, and this morning is no exception. In fact, with Ultimate Software (ULTI) spiking on news that the announced an agreement to be acquired by a private investor group, one can envision a scenario where M&A picks up this winter and spawns a...

03Feb3:23 pmEST

Special Edition: Full-Length Weekend Strategy Session 02/03/19 {Video}

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01Feb11:07 amEST

Looking for Yext in Line

In terms of shaking off the post-Amazon earnings selloff, equities are doing an admirable job thus far this morning. Back in December, if we had AMZN down 4.5% or so one would think the QQQ would be off by around 2% or more. Instead, as I write this the QQQ is only down by about 0.2%. That can change quickly for better or worse, of course. ...

31Jan3:34 pmEST

Tonight We Head to the Rainforest

Amazon earnings tonight after the bell represents another tech titan reporting in light of Apple, Facebook, and quite a few others this week. On the AMZN monthly chart, below, the long-term bull case would be that the stock has simply pulled back to its rising 20-period monthly moving average (orange line), a reference point the stock had...

31Jan11:18 amEST

Hold Up Your Badge, So They'll Know You're a Software Play

While the reaction to Facebook earnings, with the stock presently up by more than 13%, is understandably garnering plenty of headlines in the financial news media and capturing the attention of many traders, I view the reaction by ServiceNow to earnings, with NOW up 17.5% as I write this, as perhaps more significant for the market. NOW is one...