Boeing on the Runway Headed South

29Jan12:43 pmEST

The Real Champion Might Be Gassius Clay

While most market players are closely watching the wild swings in the crude oil pits, what with the constant news flow and apparent (until today) correlation to equities, natural gas may the champion of the two who floats like a butterfly and stings like a bee. On the daily chart of the UNG ETF, below, holding over $8.40 now would be very...

29Jan11:11 amEST

Setting Sail to Discover the Land of NIRP

Stocks are mostly higher this morning after Japan embarked on a negative interest rate policy ("NIRP") overnight in a close decision at the Bank of Japan, though biotechnology stocks are still relative weak and abruptly stopped me out a day-trade long earlier this morning. For the most part, though, stocks are enjoying a relief rally with the...

28Jan5:24 pmEST

Stock Market Recap 01/28/16 {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...

28Jan3:05 pmEST

Pick a Side to Win Out

Into the final hour of trading, and in front of AMZN and Visa earnings tonight, the small caps in the Russell 2000 Index are flattish, even flirting with red, while the big Nasdaq stocks are still up handily. Biotechnology also remains very weak, while sectors like the financials and semis turn in very ho-hum days. On the 10-minute chart of...

28Jan12:45 pmEST

Good Enough for a Quick Trip

It may not prove to be anything more than a temporary bottom, but the crude oil ETF, below, not he 30-minute timeframe is back over its "neckline" of a near-term inverse head and shoulders bottom. In addition, as we have been tracking, equities are responding in kind with a secondary rally off the morning gap-and-fade. For now, it is tough to...

28Jan10:42 amEST

A Lone General

Facebook is attempting to compensate for the dearth of market leadership, gapping up roughly 12% this morning after a stellar earnings report. Other leaders such as AAPL CMG NFLX PCLN TSLA have all fallen in recent months. Even with a leader like UA gapping up hard this morning after earnings, it is worth noting this is the first time UA has...

27Jan5:09 pmEST

Stock Market Recap 01/27/16 {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...

27Jan3:34 pmEST

Chinese Apples

There is never just one...Apple. I expect more firms which have been harping on growth in China in recent years to follow AAPL's lead now, especially the likes of Nike and other firms which have enjoyed steep, multi-year uptrends. Overall, stocks have been in a sloppy, sideways range since last week's reversal. Risks are still elevated all the...

27Jan12:44 pmEST

Let Them Eat Oil

Crude oil and indeed many energy stocks and sectors related to crude are reversing higher along with equites at the moment. After a weak open, dragged down by AAPL and BA primarily, the indices are either green or flattish as we near the FOMC Announcement at around 2pm EST. One main issue to consider is whether the apparently very bearish...

27Jan10:43 amEST

Boeing on the Runway Headed South

For such a large cap, blue chip heavyweight in the Dow, the post-earnings selling in Boeing may seem like an overreaction. However, the truth of the matter is that BA had been flying on borrowed time for a good while now, as its sharp ascent in 2013 slowed in 2014 and 2015. And now 2016 looks to be the year where Boeing retraces some of that...