Don't Hate the Vendor; Hate the Payment Game

08Mar3:55 pmEST

Crude, Where's My Support Car?

Some gnarly crude oil weakness (USO daily, below) appears to have finally stressed out the senior indices a bit today, even as QQQ is still green as I write this into the bell. The small cap ETF also sliced its 50-day moving average, which saw me lightening up long inventory. Overall, while it is not across-the-board bearish action, it is...

08Mar1:32 pmEST

Caution! You Have Entered the Spinoff Zone

In addition to tracking the steady but impressive progress of JCI spinoff and auto parts play, ADNT, in recent weeks, we also want to keep tabs on BIVV, equally impressive spinoff from large cap biotech, BIIB. Spinoffs tend to not be surrounded by as much hoopla as, say, the likes of Snapchat. But you may be doing yourself a disservice by...

08Mar10:58 amEST

No MSG, Please

High beta China internet plays are notoriously higher risk endeavors for traders, as they are more prone to violent reversals and, in some extreme cases, immediate delisting out of the blue as it is exposed that the companies were actually shells based out of a basement in Staten Island. Extreme cases aside, we saw the ghosts of high beta...

07Mar3:52 pmEST

Stock Market Recap 03/07/17 {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...

07Mar3:51 pmEST

Elders React to Snapchat

Into the bell on a slow Tuesday, here is a bit of a primer for those who are Snap-challenged, as the recent-IPO gets clubbed again today. See you after the bell for my recap.

07Mar1:45 pmEST

Watching FANG, and FANG, Closely

We have another slow trading day of consolidation on the major averages playing out, with a bit of a lull perhaps before a jobs number on Friday morning and another big FOMC next week. As long as the indices remain shallow in their consolidations, it is instructive to keep a close eye on the "FANG" leaders in the Nasdaq, an acronym for FB AMZN...

07Mar10:48 amEST

Homey Action in This Sector

The homebuilders are back at it again this morning, thanks to a spike higher in LGIH after earnings. LGIH was actually one of the worst charts in the sector headed into today. But a 17% gap higher sure does ease the pain for longs. Regarding the premier homies, DHI is still one of the leaders which continues to act well. On the updated daily...

06Mar3:58 pmEST

Stock Market Recap 03/06/17 {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...

06Mar3:54 pmEST

Still King of the Castle

Bulls mounted another afternoon rally off morning lows for a respectable close today. Despite the small cap weakness, leaders like AMZN FB (below on the daily, and green at fresh highs) GOOGL NFLX remain constructive technically. Until that changes, it is likely going to be tough sledding for bears to inflict serious damage on the tape, even...

06Mar1:48 pmEST

Don't Hate the Vendor; Hate the Payment Game

We have another pretty slow, consolidating day of action on our hands in the market, with the GRPO, gold miner, and SNAP weakness occupying the attention of many trader. Bulls seem to be defending 2370 on the S&P 500 Index for now. So, we will see if that continues into the heart of the afternoon. As for fresh long ideas, Jack Dorsey's...