Weekend Overview and Analysis 05/03/15 {Video}

06May10:21 amEST

Summer Dishes Are Almost Done Already

Well, that was fast. After its earnings gap lower last week, TWTR hit a low of $36.52 this morning, within shot of the $36 level I had expected to be hit sometime this summer. (The updated weekly chart, below, shows the prior price memory at $36). It may very well come sooner than that, or perhaps has already passed if $36.52 is all she wrote....

05May5:02 pmEST

Stock Market Recap 05/05/15 {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...

05May2:40 pmEST

The Summer Dance of Bear Hope

While the momentum blow-ups this earnings season in LNKD TWTR YELP, and now QLYS, may be enough ammunition for hopeful bears to declare a correction imminent, this particular bull market has been resilient enough to previously shrug off those types of moves in the past. But when it comes to a heavyweight market cap sector such as the...

05May12:22 pmEST

Play it Safe with Baba Booey

BABA has been a short idea we have been charting in recent sessions, as the $80 level failed to hold for the controversial stock. Earnings, however, are coming up later this week, on Thursday, which of course can trump this chart one way or the other. Into big strength, $80 then $86 would be levels of interest upside, whereas a major...

05May10:11 amEST

Making a Statement with the Dollar

Even with the U.S. Dollar ETF, seen below on the daily timeframe for UUP, trying to stabilize at its 100-day moving average and green this morning, select commodities are flexing, namely crude oil. In addiiton, natural gas has been on a tear of late and may finally be turning the corner into summer. Precious metals remain rather sloppy...

04May4:54 pmEST

Stock Market Recap 05/04/15 {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...

04May2:07 pmEST

Tricky Motherfrackers

David Einhorn came out swinging today at the Ira Sohn Conference, sticking it to fracking plays and labeling them as "motherfrackers." In particular, his bear thesis and "motherfracker" commentary pointed towards Pioneer Natural Resources. (PXD). First and foremost, PXD reports earnings tomorrow, which could certainly trump any current...

04May12:05 pmEST

On Track to Break Bad This Summer

Although it has been sacrilegious to suggest it, the failure of bonds to sustain an oversold bound of late does indeed constitute at least some change in character, compared to what we have seen for a while now. After I sold my TBT long last week (an ultra-short ETF targeting the likes of TLT), I expected at least some type of bounce in bonds...

04May9:51 amEST

A Wet Republic of Underwater MGM Longs

After the heavily-promoted but Mayweather/Pacquiao fight turned into a punchline of sorts due to its anticlimactic nature, combined with soft Macau numbers this morning, MGM Resorts International is notably lagging a market bounce. On the daily chart, below, note the potential for another breakdown below $21. Bulls will want to salvage the...

03May3:11 pmEST

Weekend Overview and Analysis 05/03/15 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...