Weekend Overview and Analysis 10/11/15 {Video}

14Oct10:19 amEST

TRIP or Treat

On the back of news about TripAdvisor (TRIP) and The Priceline Group (PCLN) forming a strategic partnership, competitor Expedia (EXPE) is selling off, down nearly 5% as I write this. This type of event is a good example of what often happens in markets, as many are quick to point to a very convenient "catalyst" for the EXPE selling,...

13Oct5:02 pmEST

Stock Market Recap 10/13/15 {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...

13Oct3:03 pmEST

Intel the Bellwether

Intel is often referred to as a "bellwether stock," for semiconductors, technology, and perhaps the market at-large. To be sure, Intel has been around the block, now a mature, even old, tech firm amid a slew of young gunslingers in a changing landscape. But with earnings after the bell tonight, INTC should give us insight if the semis in the...

13Oct12:21 pmEST

Johnson & Johnson and the Jets

Woody Johnson, pictured above, is the current owner of the NFL's New York Jets, as well as the great-grandson of Robert Wood Johnson I, co-founder of Johnson & Johnson (JNJ). After several lackluster seasons, Woody and the Jets may be a playoff team with their top-ranked defense, though I suspect the Patriots and upstart Bills could throw a wet...

13Oct10:48 amEST

Moving Towards an Eruption

After a few narrow range days on Friday and yesterday, this morning's opening gap down saw buyers immediately step in, bringing the indices back to flat or slightly green as I write this. To update the 30-minute SPY chart, below, from yesterday, note that the breakdown attempt from the well-defined rising channel lines failed this morning....

12Oct4:54 pmEST

Stock Market Recap 10/12/15 {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...

12Oct3:00 pmEST

Just When You Thought We Left City Limits...

Most commodities and materials miners today are taking a pounding today, driving home a pretty good lesson about bear market (as defined by a declining 200-day moving average and an overarching series of lower highs and lower lows by price) rallies. Indeed, some of the most promising, spirited, violent rallies occur in bear markets, giving...

12Oct12:50 pmEST

At Fourteen Hundred Ninety-Two, the S&P Had Already Forgotten About QE2

On this Columbus Day federal holiday, the stock market is of course open but has a drifting, quiet feel to the tape. I suspect we could see this action for the duration of the cash session. Below the surface, leaders like AMZN CMG FB GOOGL UA are still holding up very well, headed into their respective earnings reports in the coming weeks....

12Oct10:29 amEST

Something is Brewing

The 30-minute chart for the SPY, the S&P 500 Index's actively-traded ETF, below, offers good prospective on the market's price action since rallying from the late-September lows. Note the light blue lines I have drawn, which indicate price working through a steep (on this timeframe) rising channel after the initial surge off the lows. So if it...

11Oct3:11 pmEST

Weekend Overview and Analysis 10/11/15 {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...