Weekend Overview and Analysis 02/05/17 {Video}

08Feb10:25 amEST

Excuse Me, I Believe You Have My Staples

On a morning where biotechs as a group are trying to fight off a vicious Gilead post-earnings gap down, the small caps in the Russell 2000 Index continue to push lower. For a while now, one of the more defined risks for a broad market pullback or correction in the winter months has been the underperformance of those small caps. And that is all...

07Feb3:52 pmEST

Stock Market Recap 02/07/17 {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...

07Feb3:49 pmEST

Fireworks at Gilead's Castle Tonight

On a night where Disney is reporting earnings, it is interesting that large cap biotech is sporting a Magic Kingdom type of monthly chart, seen below. Specifically, failure of bulls to hold here and see the vaunted biotech find its footing after a multi-year correction opens the possibility for some type of a Tower or Castle chart pattern,...

07Feb1:24 pmEST

Slippery When Wet Markets

It is only fitting in dead of winter that have markets seemingly skidding on black ice, not easily seen when we open green like this morning but which becomes more apparent once bulls attempt to venture to new highs. Specifically, the small cap stocks in the Russell 2000 Index and crude oil are two notable weak spots today, likely not only...

07Feb10:27 amEST

The Strong Silent Type

You likely do not hear much on social finance or the financial news media about Emerson Electric Company, a St. Louis-based diversified global manufacturing company. But despite year-over-year earnings decline for this quarter, reported this morning, EMR is surging up and out of a tidy daily weekly base, seen below. To extrapolate, this is...

06Feb3:47 pmEST

Stock Market Recap 02/06/17 {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...

06Feb3:45 pmEST

Sometimes it Rains

"Sometimes you win, sometimes you lose, sometimes it rains." - Bull Durham (1988) I did not much trading today, instead opting to refine our list of the best performers in a notably sluggish tape. Small caps remain a downside concern, but we know bears have had major issues sustain any type of downside momentum in this market of late. We...

06Feb1:30 pmEST

Aftermath of a Super Celebration

After some good action on Friday, we have a sluggish tape on our hands today. One possible reason would be too many market players fighting off some of the aftermath of their Super Bowl parties and celebrations, if not libations. But we saw this type of action last week, too, before Friday's rally. So, with the small caps in the Russell 2000...

06Feb10:39 amEST

Bai Bai Resistance for Baidu

The morning after a "Bai Bai Bai" Super Bowl commercial, above, China internet giant, Baidu, is making some noise for the first time in a while. Specifically, over the last few months BIDU has been rather quiet in comparison to other China internet stocks, such as JD. But as one of the bigger China names in terms of market cap, I was looking to...

04Feb10:13 amEST

Weekend Overview and Analysis 02/05/17 {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 more...