Stock Market Recap 07/28/15 {Video}

31Jul10:33 amEST

After the Storm

After FEYE and LNKD earnings, both stocks are flirting with losing significant technical ground on a long-term basis, beyond a mere single gap down. Regarding FEYE, on the first weekly chart, below, note the $46 level is in grave danger of being lost now. Follow-through below this level, as we saw with the TASR sell-off and follow-through down...

30Jul5:05 pmEST

Stock Market Recap 07/30/15 {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...

30Jul3:29 pmEST

Does LinkedIn Earnings Deserve Your Full Attention?

With LNKD set to report tonight, we should gain some insight as to whether the social media basket of stocks in the SOCL ETF will continue to weaken, or instead find some type of footing like FB did off the lows today. AMZN and especially NFLX were impressive today, as the many other parts of the market churned, while TASR gave up some serious...

30Jul12:29 pmEST

Following the Line

It looks as though buyers continue to valiantly defend the $121.50 level on the Russell 2000 Index small cap ETF, seen below on the 30-minute timeframe, full-well knowing the important of it. This is an area we have observed several times before. And this morning's upside reversal seems to reenforce that notion. Until it is lost, index shorts...

30Jul10:19 amEST

Fold 'em in the First Round

The possibility of going long WFM as it gapped down, post-earnings, to a major prior price level ($36) was something we discussed as a day-trade idea inside Market Chess Subscription Services last night into this morning. However, the setup did not quite unfold in such a way where it was worth the initial day-trade long. Mind you, later...

29Jul5:28 pmEST

Stock Market Recap 07/29/15 {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...

29Jul3:23 pmEST

You Better Lawyer Up Into These Earnings

As per the discussed I had on BTFD.tv last Friday, the setup for FB into earnings tonight is intriguing. Much like AMZN CMG GOOGL NFLX UA, etc., this earnings season, FB is a liquid marquee issue which has sprinted higher in recent weeks into earnings. If history is our guide this earnings season, the Facebook should rocket ship tonight,...

29Jul12:41 pmEST

Barrels Back in Action

Crude oil saw a nice spike up after the inventory report this morning, along with the energy complex at-large on the back of yesterday's relief rally. If this is to materialize into a more sustainable counter-trend long trade, then keying off the 15-minute USO ETF chart, below, should see bulls take us back over the morning high, up and out of...

29Jul10:24 amEST

Lots of Topping on the Social Pizza

Top component Facebook reports earnings tonight, which surely complicates things in terms of swinging SOCL, the social media ETF, to the short side. The ETF does not trade with much volume, the but SOCL does give a good snapshot of the idea that recent FB strength has been masking underlying weakness in the sector. But with TWTR YELP gapping...

28Jul5:42 pmEST

Stock Market Recap 07/28/15 {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...