Analysis for the Week Ahead 02/20/17 {Video}

23Feb10:45 amEST

Tesla: Here Comes Your Throwback Test

After Tesla earnings last night, the resurgent momentum darling is coming back down to roughly the scene from which it broke out earlier this month. On the zoomed-out daily chart, below, note the down-sloping light blue line, stretching back to 2015, which kept a lid on the high beta, controversial stock for a good while. But with Tesla bulls...

22Feb3:53 pmEST

Stock Market Recap 02/22/17 {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...

22Feb3:52 pmEST

Time to Launch Tesla, Insane Mode

Tesla earnings headline tonight's post-bell action, with the momentum stock likely needing to hold $250 below to continue its constructive price movement since late-last year. In addition, Square will try to cement its newfound reputation as being Jack Dorsey's better half, in light of how dreadful TWTR has been. Fitbit has a pretty low bar...

22Feb1:41 pmEST

Frozen Sideways

Despite giveback in the energy, solars, and materials complex today, the rest of the tape is far from what bears have been expecting. As we head into the heart of the afternoon, the major indices appear to be frozen sideways more than anything else. A green Dow and the QQQ flipping green, too, as I write this may leave the door open yet to a...

22Feb10:45 amEST

Turnarounds Seldom Turn

Warren Buffett once famously said that, “turnarounds seldom turn," when it comes to businesses trying to right the ship. Regarding Mobileye after earnings this morning, however, if the "turn" is directed by the Israeli firm's self-driving software it may defy Mr. Buffett's general axiom. On the MBLY daily chart, below, we can see the progress...

21Feb3:59 pmEST

Stock Market Recap 02/21/17 {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...

21Feb3:56 pmEST

First Things First for First Solar

First Solar is one of the more visible firms reporting earnings after the bell tonight. The solar sector has been an excellent destroyer of capital for a good while now. But if a turnaround is imminent, then FSLR earnings tonight could easily advance some of the minor technical progress we have seen of late. The TAN sector ETF, below on the...

21Feb1:39 pmEST

It May Not Be a Zero-Sum Game, After All

With Wal-Mart surging higher today after earnings, combined with Amazon clearing five-month resistance, it may be worth reassessing the ubiquitous notion now that AMZN's success necessarily equals failure for most other things retail. If that were for the case, perchance, then why is WMT still holding the low-$60s area with confidence, the...

21Feb10:46 amEST

Homebuilder Hunters

Lost in the shuffle of some earnings rallies from pre-market reports today, namely Home Depot, Macy's, and Wal-Mart, is the strength in the HD-related space of housing. Specifically, the homebuilders in the XHB ETF, below on the daily timeframe, may very well be ripe to follow HD's lead higher from a rather coiled chart pattern. Note how many...

20Feb11:47 amEST

Analysis for the Week Ahead 02/20/17 {Video}

The following video was presented to Members of the Market Chess Subscription Services earlier today as a companion to a video over this weekend with specific, actionable trade ideas. Please click here for more details about the service and for joining at a reasonable price. Thank you for watching. Good luck trading this shortened...