Taking Turns as Leaders

28Apr1:00 pmEST

Motherly Love for Mother Russia

In conjunction with the strength in commodities and especially oil, note the Russia ETF, below on the daily timeframe, breaking higher. The key is going to be the close today, with Russia and commodities/miners in general. To be sure, the strength in this end of the market is just as, if not more, impressive than select leaders like FB...

28Apr10:57 amEST

Competing Forces

The overnight weakness out of Japan with a surging Yen seems to be outweighed by the continued resilience of dip-buyers in equities here in the U.S. into any and all pullbacks. Facebook is surely helping the bull case by gapping to fresh highs, with AMZN coming up this evening. Even biotech displayed a promising sign this morning with a...

27Apr4:42 pmEST

Stock Market Recap 04/27/16 {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...

27Apr3:43 pmEST

The Importance of Not Focusing (or Betting) Too Much on One Stock

The temptation may always be there on Wall Street to take the easy way out, betting it all on red or black, with one stock. In this day and age where the cross-section of social media and finance has become more prominent in recent years, the bias that TWTR's stock simply must win out is lurking in the background seemingly on a daily basis. But...

27Apr12:31 pmEST

No Time for the Old in and Out

We have a market whipping around in front of the FOMC coming up within the next ninety minutes or so, with small caps, materials, and energy attempting to balance out the selling in many of the tech and biotech issues. Oil continues to punish shorts, while the QQQ ETF is suddenly back below its declining 200-day moving average. We are not...

27Apr10:54 amEST

Behind the Scenes of the Chipotle and Buffalo Wild Wings Selloffs

The post-earnings pounding which BWLD and CMG are taking this morning may very well be overshadowed in financial and social media by the AAPL and TWTR carnage. However, the popular consumer names like BWLD CMG selling off are part and parcel of a consumer discretionary thesis we have been consistently fleshing out for Members over the last few...

26Apr5:03 pmEST

Stock Market Recap 04/26/16 {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...

26Apr3:17 pmEST

This is the City of the Angels, and You Haven't Got Any Wings

"Go back to Jersey, sonny. This is the City of the Angels, and you haven't got any wings." -Captain Dudley Smith, L.A. Confidential (1997) Everyone knows, but of course, if you want to find a world class steel firm then you head towards...Los Angeles? It may seem odd, but Reliance Steel out of Los Angeles, California, has been incredibly...

26Apr1:01 pmEST

Apple Innovation Put to the Test

Looking at the weekly chart for AAPL, below, the pressure sure seems to be on bulls to execute after tonight's earnings report. Even with a multi-week rally into April, Apple has been printing lower highs and lower lows, simply put, since last July 2015. And headed into earnings you might argue the rally has simply set up yet another "bear...

26Apr10:25 amEST

Taking Turns as Leaders

The small cap stocks in the Russell 2000 Index are back at it again this morning, leading a mild market bounce in front of AAPL earnings and the FOMC Announcement tomorrow afternoon. On the 30-minute chart for the IWM, the Russell's ETF, below, note the $114.15 level just above serving as some pretty obvious resistance despite the small caps...