Update on the NYSE Situation from the Floor: It's Close

10Jul4:11 pmEST

Stock Market Recap 07/10/15 {Video}

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10Jul12:42 pmEST

It's David Versus Goliath in This Sector

While the likes of CYBR and especially CUDA have been taking it on the chin of late, as components of the HACK ETF, fellow cybersecurity and all-around little guy, Zix Corporation, has steadily outperformed. On the updated daily chart, below, you can see both the relative and absolute strength, with price basing tightly in the context of an...

10Jul10:40 amEST

Juggling Another Gap Up

You almost get the sense that the market is juggling all of its moving parts, both domestically and internationally, more than usual of late. Yesterday's gap higher featured a subsequent grind lower into the bell. And while this morning's gap higher has not been fade anywhere near yesterday's, the 30-miute timeframe of the SPY (ETF for the S&P...

09Jul5:06 pmEST

Stock Market Recap 07/09/15 {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...

09Jul3:20 pmEST

We're Going to Sox Country

Semiconductor stocks have suddenly turned from leaders into laggards, as even monster multi-year winners like AVGO NXPI SWKS are showing their age. For a while now, some larger semis like INTC TSM TXN have been lagging the midcap semis. But when we look at the group as a whole, on a long-term basis, we can see the major price resistance from...

09Jul12:24 pmEST

Risk on, Risk off; Risk on Risk off...The Risker!

Much like the vintage commercial of The Clapper," above, markets are showing increased corrections regarding "risk on" and "risk off" global assets, be it copper, China, crude, Treasuries, currencies, or high beta equities. Although we have not seen a deep correction in U.S. equities in many years now, sensitive risk correlations tend to be...

09Jul10:07 amEST

The Pepsi Gang Fighting Over Their Turf

After earnings, PEP is outperforming KO among the large defensive of drink makers (among other brands). Pepsico's daily chart, below, reminds me of many charts in this market which have been consolidating multi-year advances in recent quarters, essentially going nowhere. In order to become more bullish, PEP likely needs to hold over $98. ...

08Jul5:02 pmEST

Stock Market Recap 07/08/15 {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...

08Jul2:55 pmEST

The Lay of the Land

On the updated 30-minute chart of the IWM, ETF for the Russell 2000 Index, below, since this morning's note about the $122.60 level being lost we have seen things get worse for bulls.The initial move below $122.60 was enough for me to lighten up longs inside Market Chess Subscription Services , for either small wins or small losses. As it...