Ready for Some Raising

17Mar3:29 pmEST

Bulls Can Die Another Day in This Industry

As we discussed with Members in a video earlier today, as volatile as biotech has been (see the AMGN ESPR sharp selling) it may be a bit more prudent to focus on some of the better performers in the healthcare arena, not tethered to drugs and clinical trials, per se. The diagnostics/research segment in healthcare has quietly been a strong...

17Mar9:11 amEST

Sketch a Good Setup for Skechers

Skechers, a lifestyle footwear firm, always seems to get lost in the shuffle among the FL NKE UAA of the world in the retail space, as traders usually do not create too much buzz about the name. However, one of our Members noted the improved action here yesterday. And when we observe the daily chart, below, it is clear that this is a...

16Mar1:35 pmEST

A Quick Run in the Snow

A post-Fed hangover combined with the NCAA basketball tournament tipping off is likely adding to the pedestrian action into the early-afternoon. Thus far, bulls are putting up a fight around the $238 area on the SPY, ETF for the S&P 500 Index, which roughly equates to 2380 on the S&P cash. I am trying not to over-trade or overanalyze this type...

16Mar10:43 amEST

A Hangover, Not So Black and White

After an opening move higher, stocks are a bit hungover from yesterday's eventful rally. Even the gold miner ETFs, GDX and GDXJ, are finding some initial (and probably expected) overhead supply or resistance at their respective 50-day simple moving averages. Indeed, some backing and filling or consolidation seems perfectly reasonable after the...

15Mar3:55 pmEST

Stock Market Recap 03/15/17 {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...

15Mar3:54 pmEST

Let's See if There's Legs Into March Madness

The metals and miners, precious and otherwise, are some of the big winners off the Fed rate hike today. Equities, as a whole, are performing rather well, too, despite a mild "sell the news" reaction from the banks. As we noted last Friday, gold miners were at a critical juncture technically, transcending the short-term machinations of The Fed...

15Mar1:38 pmEST

Pre-Race Festivities

In front of the FOMC decision at the bottom of the hour, followed by a Yellen presser, stocks are off session highs but still green. In good Jack Dorsey/bad Jack Dorsey dynamic is on full display, with SQ sporting a bullish chart, coiled as a long setup, while TWTR is unable to hold any bounces and looks ripe to break into single digits this...

15Mar10:41 amEST

A Thrilling Series for Netflix

In front of The Fed, Netflix is acting the best of the "FANG" stocks, as well as PCLN and TSLA. Indeed, it has been a thrilling series of technical events for Netflix bulls in recent quarters, as bears squandered one opportunity after the next to bring the leader down. A good chart perspective on NFLX can be seen, below, on the weekly...

14Mar3:49 pmEST

Stock Market Recap 03/14/17 {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...

14Mar3:46 pmEST

Ready for Some Raising

It was a fairly standard day of consolidation again on the indices today, with some pullbacks keeping bulls honest in front of the big FOMC decision tomorrow. However, we did have some fireworks below the surface, with TSLA rallying on heavy buy volume back over resistance. In addition, one biotech, TSRO, got taken out back and sold off...