Weekend Overview and Analysis 10/18/15 {Video}

21Oct10:15 amEST

Flashy Cars and Substance

Looking beyond the Ferrari IPO (trading under, "RACE") this morning, I noted to Members early on that when we see the price action in IPOs trading on their first day immediately head south, as RACE has done along with biotechnology stocks this morning, it can often mean souring risk appetite for the market at-large after a multi-year uptrend. ...

20Oct4:54 pmEST

Stock Market Recap 10/20/15 {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...

20Oct2:39 pmEST

Solar City Pork: The Other Musk Meat

Even as financials and transports hold green today, the market at-large appears to slowly be losing more leadership. In particular, the healthcare triumvirate of HZNP NBIX VRX all look vulnerable to secondary legs lower now. Moreover, TSLA is gaining tons of attention today with 10% sell-off below the $215 area for a sizable breakdown. But...

20Oct12:34 pmEST

The Invisible Line

A simple yet effective strategy for staying out of trouble in the market, chasing longs short-term, has been to key off the $116.15 area we observed recently on the IWM, ETF for the small cap-led Russell 2000 Index. That level has essentially been a resistance line for this rally dating back to September. Updated below on the 30-minute...

20Oct10:38 amEST

Trapped Deep Inside the Big Blue Grotto

If you have been following the series of blog posts on IBM, not much has changed from a long-term perspective: "Big Blue" remains a classic value trap and has been for several years now. The time to be bullish on IBM was back in the summer 2010, when the stock was bumping its head up against well-defined resistance all the while making higher...

19Oct5:02 pmEST

Stock Market Recap 10/19/15 {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...

19Oct2:56 pmEST

The Good News from Today's Chop

Despite headlines gravitating towards the WTW spike (the chart remains busted, despite Oprah, and looks to be much more of a short-term legendary squeeze of the many shorts caught offsides), the BLUE spike down halt, and now attempt at bouncing back, and NFLX reversing back above $100 at support, the indices are slightly red into the final...

19Oct12:16 pmEST

Right Where You'd Expect Them to Swoop In

Netlix is in the news again this morning, amid a flurry of headlines about Citron Research covering its short in the name, a partnership to enter China, and some upgrade, downgrades, and the NFLX creating original full-length feature film content. With all of this in mind, it is good to keep things simple by observing the price action. On the...

19Oct10:10 amEST

Shrugging Off the Old-Fashioned Haircut

Equities are initially brushing off an earnings miss and 5%-plus sell-off in major bank, Morgan Stanley. On the weekly chart for MS, below, note the potential for a bear flag consolidation (light blue lines), which means this morning's selling may be just the beginning of a fresh leg lower. That said, other banks seem none too worried...

18Oct3:27 pmEST

Weekend Overview and Analysis 10/18/15 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...