Stock Market Recap 05/20/15 {Video}

24May11:22 amEST

Big Summer for Big Blue

IBM, being the second most heavily-weighted Dow component and Nifty Fifty relic, is still relevant through no fault of its own. On the updated monthly chart, below, "Big Blue" may finally be ripe to make its next big move after a steep breakdown to conclude 2014 and confirm a major topping patter, followed by a multi-month grind higher to the...

23May2:50 pmEST

Saturday Night at Market Chess Cinemas

On this Memorial Day weekend, The Messenger (2009) tackles the most somber side of war head on in a brutally cold and honest way, without any of the "action scenes" we have become accustomed to in even the most graphic of war films. Ben Foster, Samantha Morton, and Woody Harrelson dominate the screen, with Harrelson delivering one of his...

22May3:02 pmEST

Managing Winners with Discipline

Losses are, simply put, part and parcel of being trader. Losses are something I also never shy away from, adhering to my philosophy of religiously cutting underperforming positions, preferring to protect precious capital, freeing it back up and avoiding major drawdowns. But managing winning positions is also a discipline unto itself. In...

22May12:15 pmEST

Let Them Do Their Posturing; We'll Be Real Traders

The persistent weakness in the Dow Jones Transportation Average has brought out plenty of condescending arguments about how the market will never be perfectly aligned for a bull run, essentially cavalierly dismissing the weakness. But this amounts to a straw man fallacy for real traders, who focus on actual, actionable, trade ideas in lieu of...

22May10:23 amEST

Gaming the One-Trick Ponies

As I mentioned before, BlackBerry trades like a single-trick pony (or a one-drug focused biotechnology firm hinging on FDA announcements and tests, nonstop), with each pop being soundly faded for an overall sideways chart. Still, the is heavily-shorted, ripe for a squeeze. And for those of you trading on a Friday before a long, holiday weekend...

21May4:55 pmEST

Stock Market Recap 05/21/15 {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...

21May2:49 pmEST

Treading Water Into Summer

The small caps in the Russell are lagging a bit today still, as seen on the updated 30-minute chart for the IWM ETF, below. The breakout attempts have thus far been faded, and it is with monitoring the highlighted channel for resolution. In other parts of the tape, it is still a stock-by-stock situation, with BABA sustaining a bid while another...

21May12:42 pmEST

Rocked By Many Explosive Moves

Despite mixed and flattish indices this week, stocks are all over the place in terms of some making explosive moves higher, others lower. NFLX is a market leader and is grinding after its recent rally. It may very well be a good "tell" for the next direction of leaders and Nasdaq, while momentum traders flock to BABA into the holiday for...

21May10:43 amEST

Within the Same Breed

In light of the BLUE spike higher this morning (though it is off its highs now), in my Morning Prep video for Market Chess Subscription Service members this morning we looked at another immunotherapy play, Aduro, as potentially seeing pin action from the BLUE gap up. And on the updated daily chart, below, even though ADRO has taken some...

20May5:01 pmEST

Stock Market Recap 05/20/15 {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...