Gambling at Your Discretion

07Nov12:30 pmEST

Stop Wasting Your Time on These 25 Things, Starting Now

The following is a great list, courtesy of the Marc and Angel Hack Life blog, applicable to trading, markets, and the lifestyle of a speculator/gambler, on many fronts. Indeed, trading is the ultimate challenge in mental and emotional toughness, with too many allowing short-term emotions to propel them too high or spiral too far down into...

06Nov4:12 pmEST

Stock Market Recap 11/06/15 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!

06Nov12:48 pmEST

A Post-Halloween Feast

Both BABA and SHAK are two pretty good examples today of the danger in assuming a downtrending stock has bottomed and has commenced a new uptrend. Famed short-seller James Chanos is out with bearish commentary on BABA today. But the stock already had shown signs of struggling at the $85 level after a steep rally into Halloween. Moreover, the...

06Nov10:36 amEST

A Wild Cyber Character Arc

Much like cybersecurity peer FEYE, CyberArk has gone from being a chic stock pick among growth and momentum chasers over the summer into being unable to rally on an earnings beat. In fact, observing the updated daily chart, below, CYBR looks to be an actionable short setup, an idea we looked at with Members earlier this morning. Into further...

05Nov4:55 pmEST

Stock Market Recap 11/05/15 {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...

05Nov3:15 pmEST

Come on, Blue!

Despite the persistent strength in AMZN FB GOOGL, and a few others, the market may be tipping its hand as to how narrow it is when we see the likes of BLUE fail to sustain even a modest snapback rally from beaten-down conditions. Indeed, the bullish thesis on BLUE noted on this website last December has come and gone, with the stock's steep,...

05Nov12:39 pmEST

Setting the Table

In front of the jobs number tomorrow morning stocks look to be setting the table for yet another directional move. To update our running look at the IWM, ETF of the Russell 2000 Index small caps stocks, the 30-minute timeframe, below, shows the highlighted (light blue) rising wedge breakdown, leading to a falling channel (purple lines). Bears...

05Nov10:28 amEST

Wall Street is Buzzing About This Trade

As extended as VRX was on multi-year timeframes, I have previously made the argument that the sell-off of late transcended even hedge fund titans like Bill Ackman. But as an offshoot to the theory of reflexivity, Wall Street is starting to smell blood and at least put Ackman to the test. This morning, the VRX (Ackman long) play is down roughy...

04Nov4:57 pmEST

Stock Market Recap 11/04/15 {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...

04Nov3:10 pmEST

Gambling at Your Discretion

Facebook reports earnings tonight, which is sure to capture many headlines. The social media titan has been an undisputed leader in a market experiencing rather narrow leadership of late, along with AMZN GOOGL NFLX PCLN, and a few others. Still, I am more inclined to focus on the XLY in the coming days and weeks. The XLY is the ETF for the...