Johnson & Johnson and the Jets

15Oct3:16 pmEST

A Squeeze Type of Riff

The move back over $113.70 on the IWM, a level had been tracking for the small caps ETF, took me out of two tester shorts inside Market Chess Subscription Services for losses earlier in the session. At the moment, I am sidelined and watching the likes of BABA, Goldman, biotech, and small caps squeeze ferociously intraday into a slew of big...

15Oct12:28 pmEST

Proving Netflix's Guilt

After earnings, glamorous market leader NFLX is down more than 7% as I write this. To my eye, sentiment is becoming something of a stalemate, with plenty of Netflix skeptics for a good while now balanced out by those who believe the firm is just getting started with its international and original content growth campaigns and disruptions. Of...

15Oct10:36 amEST

Chicken Teriyaki Boy Morning

It looks as though equities are eschewing sushi for the more domestic chicken teriyaki, ignoring the strength in the Japanese Yen for the meantime as we bounced at the open. As I write this, the Yen is pushing higher yet, which makes the bounce attempt in stocks all the morning intriguing to see if it holds. On the IWM, ETF for the small...

14Oct5:12 pmEST

Stock Market Recap 10/14/15 {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...

14Oct2:52 pmEST

Coming Around the Mountain in a Dangerous Market

Headed into the final hour of trading, here is a quick update to that SPY 30-minute chart rising channel breakdown we have been tracking. Buyers failed to build on this morning's strength, for now, and small caps are pushing session lows as I write this. We do have NFLX earnings tonight after the bell, which should be fireworks one way or the...

14Oct12:15 pmEST

All in All, It's Just Another Brick in the Wal-Mart

Those of you who have followed my work for years know that I turned wildly bullish on WMT In October 2011, back when everyone assumed AMZN had rendered WMT completely obsolete, among other competitors. Technically. Wal-Mart was basing very tightly on the monthly timeframe, updated below, and appeared ripe to surprise the majority with an...

14Oct10:19 amEST

TRIP or Treat

On the back of news about TripAdvisor (TRIP) and The Priceline Group (PCLN) forming a strategic partnership, competitor Expedia (EXPE) is selling off, down nearly 5% as I write this. This type of event is a good example of what often happens in markets, as many are quick to point to a very convenient "catalyst" for the EXPE selling,...

13Oct5:02 pmEST

Stock Market Recap 10/13/15 {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...

13Oct3:03 pmEST

Intel the Bellwether

Intel is often referred to as a "bellwether stock," for semiconductors, technology, and perhaps the market at-large. To be sure, Intel has been around the block, now a mature, even old, tech firm amid a slew of young gunslingers in a changing landscape. But with earnings after the bell tonight, INTC should give us insight if the semis in the...

13Oct12:21 pmEST

Johnson & Johnson and the Jets

Woody Johnson, pictured above, is the current owner of the NFL's New York Jets, as well as the great-grandson of Robert Wood Johnson I, co-founder of Johnson & Johnson (JNJ). After several lackluster seasons, Woody and the Jets may be a playoff team with their top-ranked defense, though I suspect the Patriots and upstart Bills could throw a wet...