Weekend Overview and Analysis 07/19/15

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 ...

21Jul4:57 pmEST

Stock Market Recap 07/21/15 {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...

21Jul2:53 pmEST

Security Matters

In an apparent "fox guarding the henhouse" situation, it looks like LifeLock has some explaining to do, with LOCK plunging nearly 40% today on these FTC alleged violations . With this in mind, and on the back of the Ashley Madison news yesterday , you would think the cybersecurity plays in the HACK ETF would be rallying sharply today. ...

21Jul12:34 pmEST

A Trump Card for Dollar Bulls

Considering the U.S. Dollar is finally coming in a bit today, commodities are not staging a particularly impressive bounce across the board. True, the GDX, senior ETF for gold miners, is up 4.5% as I write this. But miners have effectively staged a swoon of late, and they should, frankly, be up by more than 10% for even a sharp bear market...

21Jul10:33 amEST

Big Blue Impeding the Offense

In front of AAPL and GPRO earnings tonight, the market is a mixed bag. IBM, or "Big Blue," is a major drag on the industrials in the Dow this morning, down nearly 5%. IBM continues to be a chart with major issues from a long-term perspective, as I believe that an already-confirmed top can still push the stock down into the $130s. Meanwhile,...

20Jul5:35 pmEST

Stock Market Recap 07/20/15 {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...

20Jul2:54 pmEST

All That Junk Inside the Nasdaq's Trunk

Although the likes of AAPL AMZN FB GPRO are sprinting into their respective earnings reports, the action outside of this collection of stocks remains fairly sluggish today. We also have a novelty of a divergence in the form of junk bonds and high yield corporate paper---A "novelty" because of how routinely this bull market has shrugged them...

20Jul12:33 pmEST

A Long Look in the Mirror for This Gold Miner

On Wednesday morning before the bell, Newmont Mining Corporation is expected to report earnings. NEM is a top two holding by weight in the GDX, ETF for senior gold miners. When we look at a muti-decade chart of NEM, we can see the $27 level, dating back to the late-1980s(!) continues to assert itself as resistance, and has since March 2014,...

20Jul10:19 amEST

Undesirable Currency

Gold and its derivative miners continue to swoon this morning, with the charts of GDX GDXJ and GLD all gapping free and clear their lower respective daily chart Bollinger Bands. In addition, they had all been in recent, multi-week downtrends before last Friday's sharp plunge. And, of course, they all remain mired in multi-year bear markets. The...

19Jul1:55 pmEST

Weekend Overview and Analysis 07/19/15

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...