Underwater Sights to See

01May4:17 pmEST

Stock Market Recap 05/01/15 {Video}

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01May3:01 pmEST

Look Here for a Big Surrender Scene

Much like our analysis earlier this week about TWTR down to $36 and YELP down as low as $30, as potential downside targets after their respective earnings blow-ups, LNKD could easily drop to $190 this summer before looking for a durable bottom. While certainly oversold, short-term as you can see LNKD punching down through its lower weekly...

01May11:55 amEST

Alternative Energy; Traditional Concepts

Last weekend on Stocktwits I posted a weekly chart of for the TAN ETF of the solar sector, updated below. The crux of the thesis was that prior highs were likely adding to the initial, overhead supply found with the weekly candlestick from two weeks ago, noting the fade. Even though solars are higher today, a name like FSLR is faltering and...

01May9:54 amEST

A Notable Spot Overhead

One aspect about this morning's gap higher in the market which I am watching is Gilead's move up to that $104 level, highlighted below on a zoomed-out 30-minute chart. As the saying goes, "price has memory." And an initial fade off those once-support-then-resistance level would be not all that unsurprising. Going back to last August 2014, the...

30Apr5:00 pmEST

Stock Market Recap 04/30/15 {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. Please click here for more details about joining...

30Apr2:28 pmEST

Working Better This Time of Year

As we head into May and the summer months of NHL playoffs and stock market volatility (though not as much in recent years), I am noticing that my shorts are beginning to work better and "by the book" more than my longs. To observe an example, I covered half of my CMG short position earlier today inside Market Chess Subscription Services . And...

30Apr12:12 pmEST

Rotation Down the Food Chain

Into the New York lunch hour, note that AAPL continues to weaken down from Tuesday's earnings reversal. Not he 30-minute chart, first below, note the "bear flag" consolidation which could easily see the stock break lower yet into the afternoon. And some money from the prior winners my finally be flowing into laggard natural gas. On the UNG...

30Apr10:05 amEST

Hesitation Before Summer

On the back of XOM earnings, the energy sector ETF, XLE, is paying a bit at prior multi-month highs, seen on the daily chart, below. I am watching that $82.60 level to see if bulls can convincingly leave it behind into May and the summer months beyond. For now, the prior highs continue to cause at least some hesitation up here. Elsewhere, in...

29Apr4:53 pmEST

Stock Market Recap 04/29/15 {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. Please click here for more details about...

29Apr2:56 pmEST

Underwater Sights to See

In terms of assessing levels where TWTR becomes intriguing as a long-term hold, the weekly chart, below, implies that $36 may very well act as a price magnet into the summer months. I would resist the urge to buy with any kind of size unless and until we either see signs of strong hands move on, or the stock moves down to $36 and at least...