Stock Market Recap 08/04/15 {Video}

07Aug10:33 amEST

Signs of an Undertow

In addition to the Dow Jones Industrial Average, the small cap issues in the Russell 2000 Index are no seeing price operating below their respective 200-day moving average. On the IWM, ETF for the Russell, daily chart, below, once price lost the $121.50 level (light blue) we have been steadily observing inside Market Chess Subscription...

06Aug5:02 pmEST

Stock Market Recap 08/06/15 {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...

06Aug3:09 pmEST

The SUNE Swoon

Despite a mild bounce in energy stocks today, solar stocks as a whole are getting pounded, once again. From a technical perspective, the bull thesis surrounding solars has been a flimsy one for a while now, one in which seemed as more of a flash in the pan than anything else. Fundamentally, the "shift" to solar energy may take a good while to...

06Aug12:44 pmEST

You Always Wait Three Days to Call, Baby

All of the excitement which surrounded the potential "great buying opportunity" presented by the gap down in Disney, post-earnings, seems to have abated today, with the stock following-throigh lower. After a multi-year steep, strong, and established uptrend, seeing such a sizable gap lower represents a shocking disequilibrium of sorts, insofar...

06Aug10:36 amEST

Let's See Who is in the Cockpit

Small caps are leading to the downside again, with the IWM (ETF for the Russell 2000 Index) breaching $121.50 sharply after a green open. On the other hand, FB and NFLX keep chugging higher, while AMZN CMG GOOGL UA are hanging in there, as marquee Nasdaq issues. Beyond that, the volatility index (VIX) made a fresh low yesterday and sharply...

05Aug5:29 pmEST

Stock Market Recap 08/05/15 {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...

05Aug3:15 pmEST

Three's Company After the Bell Tonight

The three-headed monster of controversial stocks each reports earnings after the bell tonight: GMCR, HLF, and the estimable TSLA. It my very well be a good market pulse to see how each stock reacts, in terms of whether we are still at that phase of the bull market where "hated" stocks continue to punish shorts, or instead finally succumb. As...

05Aug12:43 pmEST

One More Strike May Lurk

As a general rule, markets which remain stubbornly oversold in the context of an established downtrend and fail to sustain even snapback rallies, when they appear that they should, are most at risk for a further wipeout. Consistent with previous discussions, the inability of the energy sector and crude oil to hold bounces remains a lingering...

05Aug10:24 amEST

A Hot Sector Cuts Both Ways

Biotechnology stocks, as a whole, are still acting like leaders, with IBB (the sector ETF) clearing $385 this morning, a short-term resistance level. AMGN CELG REGN, for example, have all been acting well as large cap, liquid leaders in the space. And BLUE, below on the daily chart, is a long idea we are eyeing inside Market Chess Subscription...

04Aug5:18 pmEST

Stock Market Recap 08/04/15 {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...