Tail Risk for Talons

16Feb1:15 pmEST

It's All About Automation

Control4, trading under ticker CTRL, is a strong daily chart one of our Members noted, with price flagging high and tight after a recent earnings rally. Below, find an interview about BakPak integration, one of the technologies for automation (the word of the year so far) management for connected homes. As for the market at-large, dip-buyers...

16Feb10:40 amEST

Ironically, Bears Have Nowhere to Go But Las Vegas

The irony is so thick that even the most stereotypical hipster in Williamsburg, hunched over an obnoxious-sounding typewriter in a crowded coffee shop with patrons patiently waiting for an open table, would be skeptical of the notion that the only place a bear can find a home in this stock market is in Vegas. And, yet, after MGM's earnings...

15Feb3:47 pmEST

Stock Market Recap 02/15/17 {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...

15Feb3:44 pmEST

Cisco on a Road Trip to Value City

In front of earnings tonight, Cisco is breaking out on all timeframes. The mature tech play is clearly in the value phase of its existence. Thus, for many market players, including myself, the juicier information on tonight's earnings call will be any specific stocks or sectors upper management mentions on the call--After all, CSCO is almost...

15Feb1:16 pmEST

Teck's Cup and Too-Hot-to-Handle

Teck Resources, unquestionably one of the major materials mining leaders over the last year, is selling off aggressively into the afternoon after its latest earning report. Headed into the report, TECK had been sporting an attractive daily chart setup, with a "cup and handle" formation near recent highs and the presumption of another upside...

15Feb10:38 amEST

Cornerstone in the Corner Pocket

Given the success of some monstrous growth technology firms in the software and internet content arena, such as SHOP WIX, we want to see potential follow-on winners, too. Cornerstone OnDemand is one candidate, with earnings now out of the way. The firm has been rumored to be for sale. But even if no buyout occurs, the daily chart for CSOD,...

14Feb3:39 pmEST

Stock Market Recap 02/14/17 {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...

14Feb3:33 pmEST

Angie's List for Valentine's Day?

ANGI has earnings tomorrow morning before the bell, which of course is a viable risk to any open positions in the name. However, it is worth noting as an educational example that the daily chart is printing a reversal candle today after a prior, steep downtrend. ANGI has been a perennial laggard since its 2013 peal. But it will be interesting...

14Feb1:38 pmEST

A Depth Perception Test

One of these days we will not see dip-buyers step in with their usual confidence whenever the market sees a fairly obvious "sell the news" event. This morning, for example, Janet Yellen's hawkish testimony before Congress initially brought many stocks down, before bulls waltzed into the dance sticking out their chests and with smug grins on...

14Feb10:51 amEST

Tail Risk for Talons

A rather hawkish-sounded Janet Yellen this morning, in her testimony before Congress, is helping to keep a lid on the market's upside momentum. Technology stocks, namely the "FANG" leaders like FB AMZN GOOGL NFLX, are all red and giving slight gains of recent days back. TSLA is still green after a ferocious squeeze the last few weeks, but...