Island Hopping

15Jul12:30 pmEST

The Long Walk Out

After a multi-session bounce, equities are cooling off a bit intraday here. The critical issue is whether this is simply the pause that refreshes the rally or instead marks some type of major lower swing high on the indices. Although the fifteen minute chart of the small cap ETF for the Russell 2000 Index probably will not directly answer that...

15Jul10:10 amEST

The Pride and Joy of Summit, New Jersey

On the back of the Summit, New Jersey-based Celgene buying out biopharmaceutical company Receptos (RCPT) for $232 per share in cash, for a total of about $7.2 billion, both stocks are jumping higher this morning. In addition, many other biotechs continue to outperform, leading the market higher even as other sectors lag. Inside Market Chess...

14Jul5:19 pmEST

Stock Market Recap 07/14/15 {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...

14Jul3:09 pmEST

Prepared for a Good Fight

On the first test of the declining 50-day moving average on the S&P 500 Index into this market bounce, bulls have come well-prepared for a fight. Leaders like AMZN FB GOOG are shining, though GOOG earnings tomorrow could be a trump card for a chart still consolidating since early-2014. We trimmed a chunk of our gains in a FB long earlier today...

14Jul12:08 pmEST

The Latest Rumor and Prediction About TWTR from a Reliable Source

14Jul10:24 amEST

Many Bodies Buried Under That Water

With earnings next week, GoPro is seeing some excitement this morning as the stock gaps up mightily in high of an upgrade at Barclays. However, context matters, and the same people who are excited by this morning's gap higher have also likely been chopped to smithereens since last year, with the stock staging many zigs and zags without much to...

13Jul5:05 pmEST

Stock Market Recap 07/13/15 {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...

13Jul3:02 pmEST

Let's Point Out the Losers, Too

Just as we seek out relative strength names into large down days in the broad market, we also want to see which stocks are noticeably red or seriously lagging the market on rallies like today. Within the cybersecurity plays in the HACK ETF, CyberArk Software had been a favorite with many traders during the initial run-up. However, the stock has...

13Jul12:24 pmEST

The First Stop on the Summer Whirlwind Tour

The first logical stop on this post-Greece deal rally on the S&P 500 Index is likely to be that declining 50-day moving average, the darker blue line on the daily chart, below. That said, many individual stocks are acting well, especially the ones which have been acting well. Inside Market Chess Subscription Services , for example, we have...

13Jul10:16 amEST

Island Hopping

With the Greeks and their famous islands striking an apparent deal with their European counterparts, it is apropos that we should now look to other "isles" for opportunities. Galapagos (the Galápagos Islands is a volcanic archipelago in the Pacific Ocean is a province of Ecuador) is a recent-IPO biotechnology issue. GLPG is a young chart we...