All in All, It's Just Another Brick in the Wal-Mart

16Oct3:05 pmEST

Shaking Off the SLoB

Headed into the final hour of this trading week, crude oil and most energy stocks seems to be shaking off the post-earnings sell-off in OIH and XLE heavyweight Schlumberger (or "Slob," as per its SLB ticker symbol). Much like our earlier WYNN analysis, perhaps headed into next week that may mean energy bears are out of juice, short-term. Of...

16Oct12:32 pmEST

Much Ado About Chirping

More news about TWTR hit the tape today--This time it is Steve Ballmer taking a 4% stake in the firm. The stock is rallying today, perhaps on track for a weekly close over $30 which, as you can see below on the weekly timeframe, would be a baby bird step in the right direction headed into earnings at the end of this month. Still, I suspect the...

16Oct10:52 amEST

XS Selling for Wynn

After earnings last evening, WYNN looked to be taking another in a long line of poundings, with the stock down 7-8% after hours. CEO Steve Wynn caused a stir by noting that had never seen anything like Macau, where the China government was actually cracking down on gambling. Despite that, WYNN is down 2-3% as I write this, with other casinos...

15Oct5:15 pmEST

Stock Market Recap 10/15/15 {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...

15Oct3:16 pmEST

A Squeeze Type of Riff

The move back over $113.70 on the IWM, a level had been tracking for the small caps ETF, took me out of two tester shorts inside Market Chess Subscription Services for losses earlier in the session. At the moment, I am sidelined and watching the likes of BABA, Goldman, biotech, and small caps squeeze ferociously intraday into a slew of big...

15Oct12:28 pmEST

Proving Netflix's Guilt

After earnings, glamorous market leader NFLX is down more than 7% as I write this. To my eye, sentiment is becoming something of a stalemate, with plenty of Netflix skeptics for a good while now balanced out by those who believe the firm is just getting started with its international and original content growth campaigns and disruptions. Of...

15Oct10:36 amEST

Chicken Teriyaki Boy Morning

It looks as though equities are eschewing sushi for the more domestic chicken teriyaki, ignoring the strength in the Japanese Yen for the meantime as we bounced at the open. As I write this, the Yen is pushing higher yet, which makes the bounce attempt in stocks all the morning intriguing to see if it holds. On the IWM, ETF for the small...

14Oct5:12 pmEST

Stock Market Recap 10/14/15 {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...

14Oct2:52 pmEST

Coming Around the Mountain in a Dangerous Market

Headed into the final hour of trading, here is a quick update to that SPY 30-minute chart rising channel breakdown we have been tracking. Buyers failed to build on this morning's strength, for now, and small caps are pushing session lows as I write this. We do have NFLX earnings tonight after the bell, which should be fireworks one way or the...

14Oct12:15 pmEST

All in All, It's Just Another Brick in the Wal-Mart

Those of you who have followed my work for years know that I turned wildly bullish on WMT In October 2011, back when everyone assumed AMZN had rendered WMT completely obsolete, among other competitors. Technically. Wal-Mart was basing very tightly on the monthly timeframe, updated below, and appeared ripe to surprise the majority with an...