Fireworks at Gilead's Castle Tonight

09Feb3:45 pmEST

Stock Market Recap 02/09/17 {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...

09Feb3:41 pmEST

Forget it Jack, It's TwitterTown

Today's violent gap down in TWTR drives home the point that the company continues to be punished by Wall Street, which is clearly unhappy with the core management decisions and has been for quite some time. Given that other social media/internet junior names report tonight, namely Pandora and Yelp, we would be wise to focus on them and their...

09Feb1:34 pmEST

Bittersweet Chips

Small caps are notably outperforming the major averages today, a change of pace which I am sure bulls are enjoying. In addition, we know that energy, retail, and biotech are also acting rather well. One sore spot, however, is the SMH (ETF for the semiconductors) flashing red as I write this. Three of the larger chips, INTC QCOM TXN, have been...

09Feb10:45 amEST

Digging Out from a High Energy Storm

One of the major themes from last night's full video for Members was that the energy sector was likely as a do-or-die spot. Specifically, after several failed reversal attempts in recent sessions, the XLE (energy sector ETF) printed an even more prominent reversal daily chart candlestick yesterday from oversold conditions. After a prior,...

08Feb3:56 pmEST

Stock Market Recap 02/08/17 {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...

08Feb3:53 pmEST

It Can Buy Me a Boat

Into the bell, stocks held the line again despite the GILD carnage today. Even UAA looks like it may get a breather, short-term. If the bulls take charge again, keep an eye on the recreational boating space. One of our Members noted BC a while back, and that has acted well. In addition, the smaller Malibu Boats, below on the daily chart, has...

08Feb1:32 pmEST

A Slow Motion Battle on Two Fronts

The action today smacks of a market continuing to probe, but hold, near-term support on both the IWM (small caps) at the $134 level and the 2290 level on the actual S&P 500 cash index. Both of those levels are places we have been keying off for Members in terms of whether any type of meaningful downside will flow from the vast array of market...

08Feb10:25 amEST

Excuse Me, I Believe You Have My Staples

On a morning where biotechs as a group are trying to fight off a vicious Gilead post-earnings gap down, the small caps in the Russell 2000 Index continue to push lower. For a while now, one of the more defined risks for a broad market pullback or correction in the winter months has been the underperformance of those small caps. And that is all...

07Feb3:52 pmEST

Stock Market Recap 02/07/17 {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...

07Feb3:49 pmEST

Fireworks at Gilead's Castle Tonight

On a night where Disney is reporting earnings, it is interesting that large cap biotech is sporting a Magic Kingdom type of monthly chart, seen below. Specifically, failure of bulls to hold here and see the vaunted biotech find its footing after a multi-year correction opens the possibility for some type of a Tower or Castle chart pattern,...