Exxon, X Off

12Aug3:19 pmEST

Many No Fold 'em Gold Players These Days

Headed into the weekend, it is interesting to see both gold and silver flip back to red after they had staged gaps higher this morning in light of the soft retail sales figure. I am still looking at most XME components (precious and non-precious miners, steels, materials, etc.) as more likely than not to consolidate into Labor Day before...

12Aug1:02 pmEST

Hook, Line, and...Mover!

After its IPO was met with little fanfare, LINE Corporation, out of Japan, has faded into relative obscurity while momentum players gravitated towards high beta China issues like NTES YRD WB, and now BABA. However, with nearly one full month as a publicly-traded ADR in America, LN is waking up today amid a soft summer Friday tape. On the...

12Aug10:49 amEST

It's a Small Town Throwdown

We have a sleepy summer Friday tape on our hands this morning, with post-earnings strength in leaders like ACIA and NVDA being slightly overshadowed by soft retail sales this morning. I am not in a rush to put on too many new trades thus far, given the slow action. But I am not going to fall asleep at the switch, either, if the market does...

11Aug4:43 pmEST

Stock Market Recap 08/11/16 {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...

11Aug3:40 pmEST

I Don't Know Why You Go to Extremes

Simply put, this type of market features benign indices and a plethora of enticing long setups beneath of the surface. While it remains to be seen if bulls can continue to pounce on that apparent meatball down the middle of home plate, thus far bears have shown a unique inability to win even minor skirmishes in their favor, let alone a battle...

11Aug1:28 pmEST

Volare Valero: Refiners are Like the Gypsy Kings

After most refiners barely flinched at yesterday's bout of weakness in crude and energy stocks in general, today's snappy recovery in the entire sector seems to have lifted a lid of pressure containing refiners from making explosive moves higher. Previously, I had thought that refiners were the quintessential "trade in their own" industry,...

11Aug10:18 amEST

Props to Your Girlfriend for Selling That Quilted, Hemp Flag on Etsy

After a seemingly out-of-nowhere earnings spike to kick off August, following after quarters on end of disaster since its 2015 IPO, ETSY is suddenly acting very well from a technical perspective. On the daily chart, below, multi-day buy volume surge which occurred after earnings is impressive because it shows that the earnings move was not...

10Aug4:39 pmEST

Stock Market Recap 08/10/16 {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...

10Aug3:36 pmEST

Sicilian Revenge

SHAK earnings are tonight, another chart which was drilled visually nonstop starting in March 2015 but has shown some signs of recovering of late, trading back over its 200-day moving average, example. Much like TWTR and especially YELP, we have some of these junior social, internet, and emerging theme names (SHAK for the fast casual, upscale...

10Aug1:15 pmEST

Exxon, X Off

Much like tobacco firms, Exxon Mobil is used to being seen as the villain in global capitalism. Recently, XOM has been a bastion of safety in a very volatile energy complex, as the elder statesmen in the large cap, integrated space served as a store of value, on the whole, while MLPs were liquidated and smaller/mid-cap energy firms were...