A Battle-Tested Chart

22Feb3:51 pmEST

A Diggstown Hustle Market

With the various whipsaws and indecision across equities and indeed many markets, I am hedged up again in my trading portfolio. Bulls and bears can cherry-pick a fair amount of tidbits regarding this market, but the reality is that equities are being jerked in several different directions at once, which warnings signs popping up like a...

22Feb1:00 pmEST

The Ole Excuse Versus Catalyst Conundrum for Snap

The action in Snapchat this week raises a fairly common conundrum in markets and trading: Whether an event or series of events function as an excuse for an overdue market move or, instead, whether they act as a catalyst to precipitate the move. SNAP was actually a name we were long last week, electing to sell into strength due to broad...

22Feb10:23 amEST

Did You Store Enough for Winter?

For every earnings beat and rally by a stock which had been a high-flying name into the report, there are also plenty of instances like ROKU, a stock which had performed valiantly since its last earnings report back in November 2017 and not given back much since. When names like ROKU rally into their report and then continue afterwards, many...

21Feb4:55 pmEST

Stock Market Recap 02/21/18 {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...

21Feb1:25 pmEST

Twitter Technical Analysis from Tuco

Simply put, Twitter's price action has been tremendously bullish over the last month. The stock nearly ignored the broad market correction and XIV SVXY fallout earlier this month, as it was strong pre and post-earnings. Since that earnings gap higher TWTR has been narrowing its consolidation, as seen for context on the hourly chart, updated...

21Feb10:31 amEST

Assessing the Party Lines

The Dow ETF, below on its 10-minute timeframe, shows us price trying to break up and out of a well-defined channel dating back to last Friday, before the long holiday weekend. After a sharp relief rally, the Dow has been consolidating ever since, forming this channel consolidation as we await to see if the bulls' party will do its usual job of...

20Feb3:46 pmEST

Stock Market Recap 02/20/18 {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...

20Feb3:44 pmEST

The Path of Most Resistance

It appears as though that the WMT and Dow weakness, at least for today, was sufficient to overpower the strength in many parts of tech, as the Nasdaq flipped red late this afternoon. I see names like AMZN fading well off session highs, which compels me to stay and even add to index shorts as hedged against my equity longs inside Market Chess...

20Feb1:06 pmEST

Long-Term Perspective on Walmart

While the selloff in Walmart after earnings today is bringing out many pundits who are listing the reasons to be bearish on the iconic name going forward, the zoomed-out monthly chart, updated below, provides some context for WMT's price action dating back two decades or so. As you can plainly see, WMT has been methodical and steady in its...

20Feb10:44 amEST

A Battle-Tested Chart

With the Dow down more than 200 points as I write this, the semiconductors housed in the SMH ETF are higher by more than 1.3%. While the chips may eventually buckle under further market pressure, it is worth noting that quite a few individual names in the sector are confirming the early morning outperformance, namely prominent ones like INTC...