The Next Season

19Apr1:47 pmEST

We Shall Return

Beyond the technical terms we often discuss when analyzing charts, a simple fact is that rangebound markets often return time and time again to precise levels to test them out and see if they are, in fact, legitimate. In other words, the inherent indecision associated with market ranges manifests itself when price continually probes a given...

19Apr10:56 amEST

Beyond the Burrito

We have a mixed tape this morning, albeit one where bulls can certainly make a case for having the upper hand as the small caps and Nasdaq stocks outperform. As I write this, the mega caps in the Dow are red but, then again, much of that can likely be attributed to the extreme weakness in IBM post-earnings. "Big Blue," as it is known, was part...

18Apr3:55 pmEST

Stock Market Recap 04/18/17 {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...

18Apr3:54 pmEST

Doc Hollywood Has to Hold it Together

More big earnings tonight, headlined by old school tech IBM and YHOO. But I am focused in ISRG, in the hot medical device space. This has been a huge leadership group for bulls even as laggards in healthcare like VRX have gone from bad to worse. So, I am looking to see if the clear daily chart, below, stays pretty much intact--Some selling...

18Apr1:30 pmEST

They Focus on Red Lines; We Focus on BlackLine

It is rather easy these days to become swept up in the fast-paced news flow of politics these days as a market player. But it typically does not amount to much in terms of how useful the information is, insofar as the market being a discounting mechanism and it already likely has considered a given thesis about geopolitics. True, exogenous...

18Apr10:49 amEST

Clear the Tracks

It has been a particularly frustrating five months or so for those expecting an imminent directional move in Treasuries. TLT, below on the daily timeframe, is a rough proxy as an ETF. But it does indeed illustrate the point that bonds have been flopping around like a fish out of water since November 2016. But with TLT breaching $122 in recent...

17Apr3:51 pmEST

Stock Market Recap 04/17/17 {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...

17Apr3:48 pmEST

Netflix Auction: A Feeling That Something Isn't Right

With social and financial media buzzing contrarian talk for Netflix earnings tonight setting up to disappoint, I am reminded of the above clip from the great BBC show, "Peaky Blinders" which NFLX picked up for its first several seasons. Clearly, Netflix is a major market growth leader. However, it is not necessarily true that even if NFLX...

17Apr1:41 pmEST

Two Losers No More

We have a grinding bounce in the broad market still playing out early this afternoon, with bears likely looking for a Netflix earnings dump tonight to ignite a rollover now. Still, it is hard not to consider the potential for another stunning V-shaped bounce back to fresh highs as a possibility, given this market's legendary resilience for...

17Apr10:37 amEST

The Next Season

The interval after the long Easter weekend until Memorial Day typically involves plenty of "Sell in May and go away" quotes, headlines, analysis, contrarian cases, and plenty of other assorted goodies. Either way, this year the post-Easter trading period kicks off in the heart of earnings season. Netflix reports tonight after the bell, a major...