A Late-Winter Update on BlackBerry

19Mar1:18 pmEST

Rollin' Snake Eyes

I reduced long exposure further today, as the market selling we are seeing is much more intense and steady beyond the Facebook news and that stock's weakness. Moreover, the VIX back over 20 as I write this and even the most attractive longs like ANF are not convincing enough to compel me to put on new long inventory at the moment. On the Dow...

19Mar10:31 amEST

The Allure of Playing Hard to Get

With Facebook's stock performing an abrupt about-face from Friday's strength and leading the Nasdaq (and market) lower this morning, it is likely correct to treat lightly on the long side in front of new Fed Chair Powell's first FOMC later this week. Indeed, the major averages are sporting the look and feel of an ongoing consolidation and...

18Mar4:06 pmEST

Weekend Overview and Analysis 03/18/18 {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...

17Mar9:05 amEST

Saturday Night at Market Chess Cinemas

On this Saint Patrick's Day, I am going to recommend one of my favorite Irish films from the last two decades. Each time I have watched it, I have come away thoroughly impressed with The Guard (2011), a comedy-thriller set in a small Irish town. The cast features several of my favorite actors, including Brendan Gleeson, Don Cheadle, and the...

16Mar9:12 amEST

Morning Prep 03/16/18 {Video}

The following video is an example of the types of Morning Prep Videos I present to Members of the Market Chess Subscription Services on a daily basis. Please click here for more details about joining to access these videos regularly, as well as plenty of other features.

15Mar4:02 pmEST

Stock Market Recap 03/15/18 {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...

15Mar12:43 pmEST

Have Your Guard Up in This Sector

As one of our Members reminded us just now, the large cap biotechnology issues housed in the IBB sector ETF remain at a critical technical juncture. On the updated IBB monthly chart, this long-term view shows us the initial strength in January to kick off 2018 was insufficient to sustain a fresh breakout for bulls. Going forward, it sure looks...

15Mar10:58 amEST

March Madness with a Kiss

It's that time of year, where we can expect to hear plenty of Bill Raftery's classic NCAA basketball sayings as well as the pre-Sell-in-May-and-go-away grace period for equities, which typically have rather bullish seasonality in March and April. That said, the market is moving at a rather pedestrian pace this morning, as I suspect the true...

14Mar5:17 pmEST

Stock Market Recap 03/14/18 {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...

14Mar2:21 pmEST

A Late-Winter Update on BlackBerry

With two weeks to go until its next earnings report, BlackBerry continues to flash technical signs of improvement on all timeframes. A cursory glance at the BB daily chart would reveal price currently basing at a rising 50-day moving average, and operating well above rising long-term moving averages, to boot. The major moving averages are...