Always Risk of Getting Caught

24Jul12:38 pmEST

Aiming at the Same Target

A recurring thesis covered in the full-length Member videos inside Market Chess Subscription Services has been the confluence of the 2100 (big, round number) level on the S&P 500 Index along with the 50-day simple moving average (dark blue line). Our thesis has been that too many market players have assumed this area would serve as support,...

24Jul10:22 amEST

Earnings Beats Striking an Odd Cord

AMZN SBUX V are surging this morning, while AAL SWKS are fading to red as I write this after all five issues were up impressively last evening after earnings. Beyond that, BIIB, the major biotechnology title, is gapping down hard from what had been a suspect consolidation for months. The impressive earnings beats and rallies in AMZN SBUX V may...

23Jul5:17 pmEST

Stock Market Recap 07/23/15 {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...

23Jul3:29 pmEST

Big Night for the Consumer

Among other premier brands like Visa, large consumer discretionary names AMZN SBUX report tonight after the bell. Both have been brilliant multi-quarter rallies into this particular report and, at some point, the good news all be fully priced in. Still, risk runs high both ways into earning, as we have seen with the likes of GOOGL and AAPL so...

23Jul12:39 pmEST

Tough Market to Barter

Outside of a handful of stocks, the market is largely reversing lower into midday. Cybersecurity stocks have finally bounced back. But, as we are seeing with banks and homebuilders, the key to a healthy market rotation is seeing the moves sustained beyond one day of promising price action. The small caps of the Russell 2000 Index, below on the...

23Jul10:19 amEST

Big Cat Underwater

After a slew of earnings reports last evening, we have some sizable gaps across in the board in individual names. CAKE LUV SNDK UA are impressively higher, for example, while AXP DFS take to the downside. In addition, the lingering issue for global industrial Caterpillar, seen below on the monthly chart, continues to be that pesky $78 level,...

22Jul5:04 pmEST

Stock Market Recap 07/22/15 {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...

22Jul3:02 pmEST

Stumble Upon Homes

While the "rich get richer" theme in the market of late has been playing out in the market, with leaders screaming higher, and the AAPL CMG GPRO earnings reactions receiving their fair share of the limelight, homebuilders and banks have quietly outperformed. If the market is going to move higher into August, then I suspect the homies and...

22Jul12:39 pmEST

A Self-Aware Move

Although Apple is in the Dow now, too, it remains a heavyweight QQQ component at the moment. On the 30-minute chart for the QQQ, Nasdaq-100 ETF, below, note the gap down along with AAPL this morning. Dip-buyers did their usual thing before we settled into a sideways churn for the remainder o the morning. Overall, the action has certainly...

22Jul10:19 amEST

Always Risk of Getting Caught

The action in XOMA this morning, down over 76% as I write this, is a good reminder of the inherent risks in small market capitalization biotechnology issues. The stock was down more than 80% pre-market, after the company said a late-stage trial of its treatment (gevokizumab) for Behcet's disease in the eye missed the primary endpoint ( source ...