Just Because They're Fun Doesn't Mean They're Not Bombs

29Apr12:29 pmEST

Battlefield Tactics

I spent the morning managing playing tactical longs and shorts inside Market Chess Subscription Services , in front of what is likely to be some fireworks later today after the FOMC Announcement. Specifically, I scaled out of a good portion of my UAL short, as I reckoned that the bullish sentiment of late about AAL was a bull trap and...

29Apr10:21 amEST

One Earnings Reaction Goes One Way and the Other Goes the Other

...and SPY is saying, "Whaddya want from me?" TWTR is still moving lower, even after the 20% plunge during the earnings leak late in the session yesterday. Typically, waiting a few days after a big drop like that is best for anything more than a day-trade, as it looks like big money was caught off-guard. Meanwhile, GPRO is squeezing higher...

28Apr4:52 pmEST

Stock Market Recap 04/28/15 {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. Please click here for more details about...

28Apr3:07 pmEST

Social Creatures in Focus

Headed into TWTR earnings after the bell tonight, the first daily chart, below, indicates the stock has been in a holding pattern for a good while, now, after its "base over base over base" pattern since its last report. $53.50 figures to be the upside hurdle for buyers to clear to make any substantive headway going forward, while losing that...

28Apr12:20 pmEST

The Clock is Ticking

Working our way into the east coast lunch hour, note that crude oil, keying off the USO ETF, is not showing much urgency to rally over its $20.20 upside breakout level even as the U.S. Dollar continues to weaken, amid other headlines. The clock sure does seem to be ticking at this point for crude bulls to sustain another leg higher. Failure...

28Apr9:50 amEST

Going for the Big One

Apple is reversing down sharply as I write this, after earnings and what appeared to be some mild strength in pre-market trading. On the updated daily chart, below, note the prior highs asserting themselves, likely adding pressure to some initial selling here. Apple selling off on such big numbers would likely portend some more weakness going...

27Apr5:09 pmEST

Stock Market Recap 04/27/15 {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...

27Apr3:08 pmEST

Free and Clear Above

Here is a look at Apple into the big earnings reports tonight gapping free and clear above its upper daily chart Bollinger Band just under its prior highs. The stock is now clearly overbought into earnings, as the market is reversing lower a bit, and biotechs getting hit especially. Also note the upside reversal in precious metals and miners,...

27Apr12:19 pmEST

Due for a Joyride

Even as biotechnology issues get hit, by and large, off the CLDN monstrous gap down, momentum money is giving it a valiant go with TSLA, and even AAPL before earnings tonight. Regarding Tesla, on the daily chart, below, you can see the momentum darling rallying back up to both its declining 200-day moving average (yellow line) and punching up...

27Apr9:34 amEST

Just Because They're Fun Doesn't Mean They're Not Bombs

CLDN is down roughly 75% this morning, which is a good reminder of the inherent risks in the biotechnology sector, even in what has been a biotech-centric bull run over the past few years. To be sure, there are still actionable long setups we are stalking in the biotech space. But even mighty names like BLUE JUNO appear to be getting hit off...