Stock Market Recap 04/20/17 {Video}

25Apr10:43 amEST

Building Up the Land

Caterpillar, a Dow component, is up more than 6% this morning after earnings. The global machinery play is clearly tethered to global growth expectations. And you can be sure bulls are celebrating the sanguine CAT number and forecast. Beyond a single earnings report, though, note the multi-year look at CAT, below on the monthly timeframe. The...

24Apr3:54 pmEST

Stock Market Recap 04/24/17 {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...

24Apr3:52 pmEST

Gap 'n Flat: Now, What?

This morning's gap higher sure was picturesque for bulls. But as the intraday IWM chart shows, below, it was a gap and flat type of day. Indeed, it was a grind after the open. Still, bears failed to get their fade this time around, which raises the specter of a new leg higher in stocks. And, beyond that, equity bulls were able to crush the VIX...

24Apr1:48 pmEST

This Market Needs a Kite Experiment

Much like Founding Father Benjamin Franklin, we may need to experiment with a kite in this market to see how much electricity it can conduct. Specifically, KITE, a mid-cap biotehnologu stock, is sporting an attractive daily chart (below) in front of May 8th earnings. This chart is clearly one of the better XBI plays which have held up well...

24Apr10:47 amEST

An Extra Little Bonus

Lost in the shuffle of the French election, swirling headlines about politics in the U.S., and a loaded week of earnings into this massive gap higher this morning in the broad market is some more mergers and acquisitions activity. Specially, m edical device titan Becton, Dickinson reached a deal to acquire BCR (C.R. Bard) another medical...

22Apr5:49 pmEST

Weekend Overview and Analysis 04/23/17 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

22Apr5:01 pmEST

Saturday Night at Market Chess Cinemas

Long-time readers will recall (no pun intended) that I have previously alluded to the film Memento (2000) in my substantive blog posts about the market as a way to magnify the manner in which stocks would seem to move day-to-day with seemingly no memory. In light of that, let us examine the film itself tonight, which is certainly...

21Apr1:33 pmEST

Will Citi Get Another Bailout?

Despite various upside spurts this week, such as yesterday's broad market rally, the lingering issue for the market beyond energy weakness has been the lagging big banks. Even though the major financial firms are still well above their pre-U.S. election levels from last early-November, the truth of the matter is that they are looking heavier...

21Apr10:56 amEST

No Glory Days for SLoB

Oil services giant, Schlumberger, below on the weekly timeframe, is down more than 3% after earnings this morning. For a while now, the energy sector has lagged equites in general, with energy stocks themselves lagging crude oil at various junctures, too. Typically, when commodity-derived stocks lag the actual commodity's performance it is a...

20Apr3:50 pmEST

Stock Market Recap 04/20/17 {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...