Stock Market Recap 03/07/17 {Video}

11Mar1:49 pmEST

Saturday Night at Market Chess Cinemas

Italy's most popular television series, Gomorrah , premiered in 2014 as a gripping crime drama series based on the book of the same name by Roberto Saviano. Season two is already in the books, but is not yet released on Netflix. More seasons are in the works. Still, the first season is stellar, available both on SundanceTV and Netflix,...

10Mar1:44 pmEST

Gold Bugs: Do Whichever Weird Ritual You Need

Stocks are largely back to flat this afternoon, with morning strength being faded now commonplace in since the Trump speech rally last week. We are doing our best to not trade out of boredom and force in bets simply for the sake of gambling here, given the pedestrian movement in the market. Still, it is instructive to keep tabs on the...

10Mar9:16 amEST

Sliding Off the Schneid

Stocks are set to open noticeably higher after the jobs report earlier this morning. When we view the S&P 500 Index and Nasdaq daily charts, there has been little if any, real technical damage of which to speak. However, those pesky small caps in the Russell 2000 Index, along with oil and TLT, have been a thorn in the side of upside momentum...

09Mar1:24 pmEST

Someone is Cruising for a Bruising

Crude oil and Treasuries continue to slide this afternoon, with bottom-fishers in the oil pits at risk of a further washout. Equities, as a whole, have largely held in rather well considering the USO swoon. Still, the small caps are now operating below their 50-day moving average on the IWM. And it will be interesting to see if bulls can...

09Mar10:46 amEST

Regeneron Trying to Regenerate a Good Chart

In addition to some of the more by-the-book sound biotechnology charts, like CELG and the BIVV blog post yesterday, which are on the the long radar here, we also want to be on the lookout for potential bottoming charts from laggards, too. After a breathtaking multi-year rally, from 2010-2015, Regeneron degenerated into a longtime laggard among...

08Mar3:56 pmEST

Stock Market Recap 03/08/17 {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...

08Mar3:55 pmEST

Crude, Where's My Support Car?

Some gnarly crude oil weakness (USO daily, below) appears to have finally stressed out the senior indices a bit today, even as QQQ is still green as I write this into the bell. The small cap ETF also sliced its 50-day moving average, which saw me lightening up long inventory. Overall, while it is not across-the-board bearish action, it is...

08Mar1:32 pmEST

Caution! You Have Entered the Spinoff Zone

In addition to tracking the steady but impressive progress of JCI spinoff and auto parts play, ADNT, in recent weeks, we also want to keep tabs on BIVV, equally impressive spinoff from large cap biotech, BIIB. Spinoffs tend to not be surrounded by as much hoopla as, say, the likes of Snapchat. But you may be doing yourself a disservice by...

08Mar10:58 amEST

No MSG, Please

High beta China internet plays are notoriously higher risk endeavors for traders, as they are more prone to violent reversals and, in some extreme cases, immediate delisting out of the blue as it is exposed that the companies were actually shells based out of a basement in Staten Island. Extreme cases aside, we saw the ghosts of high beta...

07Mar3:52 pmEST

Stock Market Recap 03/07/17 {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...