Mixed Sentiment

04Feb10:09 amEST

Saturday Night at Market Chess Cinemas

Everyone knows the great English film director Alfred Hitchcock for his Psycho (1960) masterpiece. He has plenty of other fabulous pieces of work in his collection as well. My personal favorite is the thrilling and provocative Rope (1948), in which two men murder one of their supposedly intellectually inferior classmates, and then...

03Feb1:31 pmEST

Good Super Bowl, Bad Super Bowl

Following up on recent blog posts, it may depends on your bias, but so far NRG is emerging as a possible Super Bowl winner, given that the big game is being played in Houston's NRG Stadium. Of course, the stock's rally may have literally nothing to do with the extra media attention the firm is receiving, since the chart has been steadily...

03Feb10:56 amEST

Surviving the Backdraft from FireEye

After its latest earnings, well, fire, the market seems to be suggesting that the issues FEYE is facing are limited to that firm on a micro sense, since other cybersecurity plays are some of the best performing this morning. Beyond the DATA FTNT gaps higher, CHKP CYBR PANW PPFT SYMC are just a few HACK holdings acting well. Overall, as we have...

02Feb3:48 pmEST

Stock Market Recap 02/02/17 {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...

02Feb3:45 pmEST

Big Earnings and Super Bowl Bets

Earnings are loaded tonight, between AMZN V CMG GPRO FEYE AMGN, and others. Chipotle versus its 200-day moving average, below now, is going to be critical for that stocks. And AMZN is facing a similar technical predicament as FB did last evening, back to prior highs after a multi-week rally. Overall, it was a slow day on the indices, with...

02Feb1:33 pmEST

Another Chance for U.S. Steel on Groundhog Day

Punxsutawney, Pennsylvania sits eighty-four miles northeast of Pittsburgh and U.S. Steel headquarters. Seeing as Punxsutawney Phil the Groundhog saw his shadow and predicted six more weeks of winter today, that part of Pennsylvania seems to be even more in focus given the valiant comeback letter X is enjoying today. On the X daily chart,...

02Feb10:36 amEST

Gold and Silver Miners: Let's End the Suspense

Following a multi-quarter correction after an explosive rally which began a little over a year ago off a potentially major bear market bottom, gold and silver miners are threatening to emerge. For every encoring chart in the space, like PAAS below on the daily timeframe (a silver miner with earnings on February 14th), there are laggards like...

01Feb3:31 pmEST

Stock Market Recap 02/01/17 {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...

01Feb3:23 pmEST

Too Perfect for a Twin Winklevii Top

With a fairly muted reaction so far to The Fed, the focus shifts to Facebook earnings tonight (among others), and then Amazon tomorrow. Regarding FB, we are still talking about a bonafide market leader which has displayed remarkable resilience time and time again since its seminal moment in 2013 when the stock woke up from its post-IPO...

01Feb1:22 pmEST

Mixed Sentiment

Headed into the FOMC Announcement at the bottom of the hour, stocks and indeed many markets are mixed if not indecisive about how position for a few unknown risks. For starters, The Fed may adopt a more hawkish tone than markets anticipate at the moment, not to mention testing President Trump with some subtle swipes. What we know with a bit...