Stock Market Recap 07/13/15 {Video}

16Jul10:02 amEST

Finished the Paint Job

It may have taken its sweet old time in forming its bearish "megaphone" topping formation after a steep multi-year uptrend, but Sherwin-Williams finally confirmed that top this morning after an earnings miss and subsequent gap lower. Although I elected not to hold my SHW short through earnings, as I almost never hold through EPS, we have been...

15Jul5:06 pmEST

Stock Market Recap 07/15/15 {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...

15Jul3:13 pmEST

Reading the Grape Leaves with Greece

After that $126 level on the IWM, small cap ETF for the Russell 2000 Index stocks, was breached earlier today (please see prior blog post on this website), I elected to cut my equity longs inside Market Chess Subscription Services, locking in nice gains this week in FB INCY, and taking off smaller losses and wins in INSY MDLZ ZIXI. ...

15Jul12:30 pmEST

The Long Walk Out

After a multi-session bounce, equities are cooling off a bit intraday here. The critical issue is whether this is simply the pause that refreshes the rally or instead marks some type of major lower swing high on the indices. Although the fifteen minute chart of the small cap ETF for the Russell 2000 Index probably will not directly answer that...

15Jul10:10 amEST

The Pride and Joy of Summit, New Jersey

On the back of the Summit, New Jersey-based Celgene buying out biopharmaceutical company Receptos (RCPT) for $232 per share in cash, for a total of about $7.2 billion, both stocks are jumping higher this morning. In addition, many other biotechs continue to outperform, leading the market higher even as other sectors lag. Inside Market Chess...

14Jul5:19 pmEST

Stock Market Recap 07/14/15 {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...

14Jul3:09 pmEST

Prepared for a Good Fight

On the first test of the declining 50-day moving average on the S&P 500 Index into this market bounce, bulls have come well-prepared for a fight. Leaders like AMZN FB GOOG are shining, though GOOG earnings tomorrow could be a trump card for a chart still consolidating since early-2014. We trimmed a chunk of our gains in a FB long earlier today...

14Jul12:08 pmEST

The Latest Rumor and Prediction About TWTR from a Reliable Source

14Jul10:24 amEST

Many Bodies Buried Under That Water

With earnings next week, GoPro is seeing some excitement this morning as the stock gaps up mightily in high of an upgrade at Barclays. However, context matters, and the same people who are excited by this morning's gap higher have also likely been chopped to smithereens since last year, with the stock staging many zigs and zags without much to...

13Jul5:05 pmEST

Stock Market Recap 07/13/15 {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...