The Summer Dance of Bear Hope

07May5:08 pmEST

Stock Market Recap 05/07/15 {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...

07May2:51 pmEST

Be Aware of the Pin Action

It is worth noting that CYBR reports earnings tonight after the bell. Courtesy of the Pure Funds website , below are the top components in the HACK, ETF for cybersecurity stocks, which could easily see "pin action," or sympathy buying/selling, based on how CYBR reacts. Elsewhere, YELP is spiking up on buyout talks, but at this stage in the...

07May12:00 pmEST

Whole Paycheck in Aisle 40

Looking at a multi-year chart of WFM, or "Whole Paycheck," as it is affectionately known as, note the significance of the $40 level, especially after this earnings gap lower. As they say, price has memory. And the prior 2007 bull market top for Whole Foods actually occurred in 2005, as the stock peaked several years in front of equities in...

07May10:12 amEST

Morning Duels

After several reversals in the futures market, spilling over into the cash open this morning, there sure seems to be plenty of duels at critical levels on the major averages. The small caps in the Russell are certainly dueling at their key battlegrounds, too. While BABA may be gapping up from badly beaten-down pre-earnings conditions, momentum...

06May5:02 pmEST

Stock Market Recap 05/06/15 {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...

06May2:57 pmEST

Navigating the Bumpy Streets

The small caps in the Russell 2000 may be outperforming the other indices a bit today, but we have been watching some specific levels all day inside Market Chess Subscription Services in order to at least stay out of trouble with longs. Indeed, it is worth noting that in choppy and/or corrective markets, even the most attractive of long...

06May12:28 pmEST

A Noir-ish Feel to the Rally in Crude

While crude oil gapped up this morning (and faded a bit off the highs as I write this), energy stocks remain suspiciously soft as a whole. Specifically, the likes of CHK is reversing down, and, more importantly, the XLE (energy sector ETF) is actually flirting with a breakdown from a long, sideways range. This type of action reinforces the...

06May10:21 amEST

Summer Dishes Are Almost Done Already

Well, that was fast. After its earnings gap lower last week, TWTR hit a low of $36.52 this morning, within shot of the $36 level I had expected to be hit sometime this summer. (The updated weekly chart, below, shows the prior price memory at $36). It may very well come sooner than that, or perhaps has already passed if $36.52 is all she wrote....

05May5:02 pmEST

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

05May2:40 pmEST

The Summer Dance of Bear Hope

While the momentum blow-ups this earnings season in LNKD TWTR YELP, and now QLYS, may be enough ammunition for hopeful bears to declare a correction imminent, this particular bull market has been resilient enough to previously shrug off those types of moves in the past. But when it comes to a heavyweight market cap sector such as the...