A Silencer on NVIDIA's Pattern

06Apr1:33 pmEST

Drugs Are Bad, M'kay

On the back of Chilean ag SQM, which also is a lithium play, surging today, other niche chemical ag firms are in focus on the long side. Scotts Miracle-Gro, once seen as innocent as a G-rated Disney movie in terms of consumer products, seems to be acting out an episode of Weeds with its branching out to pot growers . Of course, an article...

06Apr10:42 amEST

Early Stick Saves Keep Bears at Bay

After some initial back-and-forth off the opening bell, a broad market bounce is taking shape in a bit more pronounced manner as I write this. Bears will argue that after yesterday afternoon's violent downside reversal, an early bounce this morning will merely set up some more late-day weakness. However, we know the trials and tribulations the...

05Apr3:59 pmEST

Stock Market Recap 04/05/17 {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...

05Apr3:57 pmEST

This Market Has a Financial Napoleon Complex

I know the FOMC Minutes marked the excuse for the selling today, and some Trump shakeups, but the little guys, aka the small caps, and banks remain an issue for this market. More in my recap after the bell.

05Apr1:46 pmEST

More of the Same for Twitter...or Not

Despite some more slight underperformance by the smaller cap stocks, the mega caps in the Dow and marquee Nasdaq issues like AMZN are leading the bull charge higher today. SBUX is trying to emerge from a multi-quarter correction, while VRX remains a bonafide disaster of a chart. But what has piqued my interest today has been the reaction by...

05Apr10:45 amEST

Who Has Two Thumbs and Wants to Wait Two Hours for Diabetes?

The Panera Bread Company buyout this morning simply reinforces the notion that the restaurant space is worthy of newfound attention in the early spring months. The Cheesecake Factory, for example, may be ripe to follow suit even if no imminent buyout looms. But from a technical standpoint, the weekly chart, below, shows CAKE may be tired of...

04Apr3:51 pmEST

Stock Market Recap 04/04/17 {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...

04Apr3:49 pmEST

BlackBerry Back After Countless Body Shots

Heading into the closing bell on a rather slow day, the small cap and financials' relative weakness is pitted against the strength in AMZN TSLA, as well as some energy firms on the comeback trail. BlackBerry, below on the weekly chart, is quietly probing two-year highs around $8.20. If BBRY can overtake this level I actually like the name for a...

04Apr1:32 pmEST

Chesapeake Waking Up Just in Time for the Playoffs

On a day featuring tedious broad market action thus far, Chesapeake Energy is distinguishing itself for the first time in a while. The energy plays has natural gas exposure and could easily be responding to the sharp rally in natty today, as a few other natty-related plays are outperforming their energy peers, too. On the CHK daily chart,...

04Apr10:40 amEST

A Silencer on NVIDIA's Pattern

NVIDIA's cutting edge technologies have been rewarded by the market for a good while now, notably since February 2016 with an exhilarating rally helping to spearhead the leadership in the semiconductor sector. NVDA's chart became rather steep to the upside late-last year, prompting us to look for signs of an exhausted rally. However, as...