Excuse Me, I Believe You Have My Staples

10Feb1:11 pmEST

Gold Miners: Hold!

Much like the famous "Hold!" scene from Braveheart (1995), above, the junior gold miners housed in the GDXJ are attempting to stand their ground in the heat of battle at the ETF's 200-day simple moving average. On the GDXJ daily chart, below, note the juniors reversing up nicely today after what could have been some ugly follow-through lower...

10Feb10:34 amEST

NVIDIA: Pronounce the "N" But Don't Look Down

At the risk of being overly-dramatic, the rest of today's trading session is shaping up to a rather significant portion of trading for NVDA's weekly chart. For a while now, the dynamic chip firm NVIDIA has been as hot as any reasonably-sized stock in the market. The essence of a strong uptrend can plainly be seen on that updated weekly chart,...

09Feb3:45 pmEST

Stock Market Recap 02/09/17 {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...

09Feb3:41 pmEST

Forget it Jack, It's TwitterTown

Today's violent gap down in TWTR drives home the point that the company continues to be punished by Wall Street, which is clearly unhappy with the core management decisions and has been for quite some time. Given that other social media/internet junior names report tonight, namely Pandora and Yelp, we would be wise to focus on them and their...

09Feb1:34 pmEST

Bittersweet Chips

Small caps are notably outperforming the major averages today, a change of pace which I am sure bulls are enjoying. In addition, we know that energy, retail, and biotech are also acting rather well. One sore spot, however, is the SMH (ETF for the semiconductors) flashing red as I write this. Three of the larger chips, INTC QCOM TXN, have been...

09Feb10:45 amEST

Digging Out from a High Energy Storm

One of the major themes from last night's full video for Members was that the energy sector was likely as a do-or-die spot. Specifically, after several failed reversal attempts in recent sessions, the XLE (energy sector ETF) printed an even more prominent reversal daily chart candlestick yesterday from oversold conditions. After a prior,...

08Feb3:56 pmEST

Stock Market Recap 02/08/17 {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...

08Feb3:53 pmEST

It Can Buy Me a Boat

Into the bell, stocks held the line again despite the GILD carnage today. Even UAA looks like it may get a breather, short-term. If the bulls take charge again, keep an eye on the recreational boating space. One of our Members noted BC a while back, and that has acted well. In addition, the smaller Malibu Boats, below on the daily chart, has...

08Feb1:32 pmEST

A Slow Motion Battle on Two Fronts

The action today smacks of a market continuing to probe, but hold, near-term support on both the IWM (small caps) at the $134 level and the 2290 level on the actual S&P 500 cash index. Both of those levels are places we have been keying off for Members in terms of whether any type of meaningful downside will flow from the vast array of market...

08Feb10:25 amEST

Excuse Me, I Believe You Have My Staples

On a morning where biotechs as a group are trying to fight off a vicious Gilead post-earnings gap down, the small caps in the Russell 2000 Index continue to push lower. For a while now, one of the more defined risks for a broad market pullback or correction in the winter months has been the underperformance of those small caps. And that is all...