Stock Market Recap 10/13/16 {Video}

18Oct10:44 amEST

Buy the Dip or Watch the Drift

An opening gap higher after yesterday's weakness jives with the idea of an, overall, indecisive market headed into plenty more significant earnings, a General Election, big year-end Fed decisions, and unknown geopolitical developments. Netflix clearly helps the bull case in the near-term, with its monstrous earnings gap higher taking it back to...

17Oct3:45 pmEST

Stock Market Recap 10/17/16 {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...

17Oct3:44 pmEST

The Netflix Test: Do I Wanna Know?

NFLX earnings are tonight after the bell, essentially the main event to kick off this week. As we noted before, of all leaders Netflix is in the most intriguing technical spot, either on the cusp of healing a multi-quarter correction of sinking back below its 200-day moving average, which is still declining. I suspect NFLX may set the tone...

17Oct1:13 pmEST

The Commoditization of Starbucks

Given the sloppy market today it is easy to cherrypick the mild weakness in any individual stock. But Starbucks its worth noting for a few reasons. First and foremost, the important consumer name has been glaringly weak for quarters on end now, along with DIS HD LOW NKE UA, just to name a few. In addition, coffee has been steadily improve and...

17Oct11:01 amEST

Laboring to Simply Go Green

Despite biotechnology issues sounds in the red again this morning, failing to react much to oversold conditions thus far, stocks are a whole are fighting to go green or least hug the flatline. On the one hand, the S&P 500 Index is still holding over the key 2120 support level again, but bulls are also having issues holding green. On the IBB...

16Oct3:09 pmEST

Weekend Overview and Analysis 10/16/16 {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...

15Oct12:59 pmEST

Saturday Night at Market Chess Cinemas

It may very well turn out to be a shame that one of the great actor Hal Holbrook's performances went widely unwatched. But you can be sure that I will do my part to try to get the word out about his mesmerizing acting in That Evening Sun (2009). Also starring in the film are two excellent character actors you will likely recognize from...

14Oct1:27 pmEST

A Different Kind of View

The indices are mostly green in the early-afternoon portion of trading, save the small and micro-cap issues. Biotechnology issues also continue to lag. But the main issue, which we noted for Members in the pre-market Morning Prep Video, was the 2145-2150 test on the S&P 500 Index into the opening gap higher. On the S&P hourly chart, below,...

14Oct10:53 amEST

On the Outskirts of Town

Former momentum darlings like MBLY and TASR seem to have moved to the outskirts of town since August, as they have become an afterthought to hot money traders obsessing over the likes of ACIA and TWLO instead. However, the chart of Taser, below on the daily timeframe, raises an interesting point about where the market is and where we might be...

13Oct3:53 pmEST

Stock Market Recap 10/13/16 {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...