Just When You Thought We Left City Limits...

14Oct5:12 pmEST

Stock Market Recap 10/14/15 {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...

14Oct2:52 pmEST

Coming Around the Mountain in a Dangerous Market

Headed into the final hour of trading, here is a quick update to that SPY 30-minute chart rising channel breakdown we have been tracking. Buyers failed to build on this morning's strength, for now, and small caps are pushing session lows as I write this. We do have NFLX earnings tonight after the bell, which should be fireworks one way or the...

14Oct12:15 pmEST

All in All, It's Just Another Brick in the Wal-Mart

Those of you who have followed my work for years know that I turned wildly bullish on WMT In October 2011, back when everyone assumed AMZN had rendered WMT completely obsolete, among other competitors. Technically. Wal-Mart was basing very tightly on the monthly timeframe, updated below, and appeared ripe to surprise the majority with an...

14Oct10:19 amEST

TRIP or Treat

On the back of news about TripAdvisor (TRIP) and The Priceline Group (PCLN) forming a strategic partnership, competitor Expedia (EXPE) is selling off, down nearly 5% as I write this. This type of event is a good example of what often happens in markets, as many are quick to point to a very convenient "catalyst" for the EXPE selling,...

13Oct5:02 pmEST

Stock Market Recap 10/13/15 {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...

13Oct3:03 pmEST

Intel the Bellwether

Intel is often referred to as a "bellwether stock," for semiconductors, technology, and perhaps the market at-large. To be sure, Intel has been around the block, now a mature, even old, tech firm amid a slew of young gunslingers in a changing landscape. But with earnings after the bell tonight, INTC should give us insight if the semis in the...

13Oct12:21 pmEST

Johnson & Johnson and the Jets

Woody Johnson, pictured above, is the current owner of the NFL's New York Jets, as well as the great-grandson of Robert Wood Johnson I, co-founder of Johnson & Johnson (JNJ). After several lackluster seasons, Woody and the Jets may be a playoff team with their top-ranked defense, though I suspect the Patriots and upstart Bills could throw a wet...

13Oct10:48 amEST

Moving Towards an Eruption

After a few narrow range days on Friday and yesterday, this morning's opening gap down saw buyers immediately step in, bringing the indices back to flat or slightly green as I write this. To update the 30-minute SPY chart, below, from yesterday, note that the breakdown attempt from the well-defined rising channel lines failed this morning....

12Oct4:54 pmEST

Stock Market Recap 10/12/15 {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...

12Oct3:00 pmEST

Just When You Thought We Left City Limits...

Most commodities and materials miners today are taking a pounding today, driving home a pretty good lesson about bear market (as defined by a declining 200-day moving average and an overarching series of lower highs and lower lows by price) rallies. Indeed, some of the most promising, spirited, violent rallies occur in bear markets, giving...