Stock Market Recap 06/15/17 {Video}

20Jun10:38 amEST

Take Your Biotech Marching Orders from This Stock

Barring some stock-specific news anytime soon, I suspect the issue of whether the biotechnology sector rally not only continues to hold but also broadens out can be seen in the likes of Amgen and a few other IBB plays. Specifically, the AMGN monthly chart, below, indicates the stock has essentially been sideways for roughly two and a half...

19Jun3:39 pmEST

Stock Market Recap 06/19/17 {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...

19Jun3:37 pmEST

We May Be in the Tommy Cheeseballs Phase of This Market

Just in time for summer at the Jersey Shore, we may be in for a few days of highly speculative action as even the trashy, downtrodden names get involved in the fun. As an example, while their charts are actually decent, the 3D printing plays perking up may be a sign that extreme animal spirits are rising up, as the opening market gap higher...

19Jun1:35 pmEST

It's Not Always About the Breakouts

We often discuss looking for signs of actual buyers when a stock pulls back before assuming any type of bottom is in place. While a bull run may essentially bail out dip-buyers time and time again, it is still useful to keep this discipline in mind, especially considering the carnage even in this market in the retail and energy sectors over the...

19Jun10:38 amEST

It's Bell BIVV Devoe Time for Biotech Stocks

It appears as though the small and mid market capitalization biotechnology issues housed in the XBI ETF are catching an impressive rotation early on this morning. For a while now, biotech bulls have been practically taunted with the numerous instances that the sector would appear well set-up to sustain rotation, only to sink back inside its...

17Jun6:26 pmEST

Weekend Overview and Analysis 06/18/17 {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 mark Please click here for more...

17Jun4:09 pmEST

Saturday Night at Market Chess Cinemas

Following in tradition for this website on Father's Day Weekend, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. I often wonder if he would have liked it as much as I think he would have. I suppose I will always associate...

16Jun1:15 pmEST

Quadruple Witching of Eastwick to Kick Off Summer Trading

via Investopedia.com Quadruple witching refers to an expiration date that includes stock index futures , stock index options , stock options and single stock futures . While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June,...

16Jun10:39 amEST

Optical Illusions Back in Play

The opticals ( fiber- optic component makers) have seen rotation within the group for a while now, with leadership alternating in an endless game of musical chairs. On the back of Finisar's earnings rally from last night, it is worth noting the former momentum darling perfectly held where it should have for bulls on the weekly chart, below....

15Jun3:56 pmEST

Stock Market Recap 06/15/17 {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...