Volatility Still Sleeps with the Fishes

25May12:23 pmEST

Twitter Potheads Playing Hacky Sack at the $14 Level

Billionaire investor, not to mention increasingly controversial Silicon Valley legend, Peter Thiel, went on CNBC a few years back and chided Twitter as being a “horribly mismanaged” company with a lot of "pot-smoking" going on. At the time Thiel made those statements, the stock for Twitter was trading around $50 per share. Just yesterday, for...

25May10:41 amEST

Play Safe with Baba Booey

After a spirited rally yesterday over $80 resistance, BABA is being slammed down roughly 4% this morning on the back of an SEC accounting investigation. While it is true that risk is omnipresent on Wall Street, China issues should be generally viewed as slightly higher risk plays than run-of-the-mill domestic stocks. True, we have seen plenty...

24May4:53 pmEST

Stock Market Recap 05/24/16 {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...

24May3:41 pmEST

No, No, No...No More Foreplay

Although the VIX ETF products (UVXY VXX, e.g.) are now pushing short-term oversold into the market indices surging today, the actual VIX is not yet oversold. This is a consequence of the VIX bounce yesterday which likely lured in quite a few equity bears looking for a surprise holiday week uptick in volatility. Instead, it is same ole same...

24May12:54 pmEST

Precious Metals and Miners: Here Comes the Throwback

Gold, silver, and their derivative miners are all coming in further today with the U.S. Dollar continuing to rally. Gold miners are still holding onto the lion's share of their rally beginning earlier this year. However, a prolonged consolidation now into the summer would be much of a surprise, especially if the Dollar takes advantage of an...

24May10:50 amEST

This Market Still Leaves You to Your Own Devices

Despite a soft close yesterday, bears once again proved inept in terms of following-through to the downside. On the back of this morning's gap higher, several indices are clearing some important short-term levels, namely $111 on the IWM and $107 on the QQQ ETFs for the small caps and Nasdaq stocks, respectively. Holding above those levels is...

23May5:10 pmEST

Stock Market Recap 05/23/16 {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...

23May3:36 pmEST

Market Forecast: Choppy with a Chance of Thunder Bolts

Amid the many complaints by traders about today's boring, choppy session, a few under-the-radar names are moving interesting moves. To follow-up on the theme we discussed in yesterday's full-length Weekend Video Strategy Session for Members (which I posted here on the main site, too), protectionism could easily be a developing theme for U.S....

23May1:12 pmEST

Will Starbucks and the Consumer Fend off Diabetes?

It is fitting, in light of the controversy Starbucks had to quash earlier this year, that the sugar rush SBUX and indeed many marquee consumer names have enjoyed going back many years is still under scrutiny by the market. Beyond that, SBUX and the likes of DIS NKE UA, among others, have shown discernible cracks in their respective foundations...

23May11:00 amEST

Volatility Still Sleeps with the Fishes

To kick off the week leading up to Memorial Day Weekend, stocks are drifting with a bullish bias, particularly in the biotechnology arena. Interestingly, the volatility ETFs, such as VXX UVXY TVIX, are in the red as I write this while the actual VIX is green. One way to interpret this action is that the retail trader is wholly complacent,...