02Dec1:39 pmEST

Sunday's Italy Vote: Does Campanilismo Equal Nationalismo?

As the various direct or indirect referendums on the European Union begin to travel around Europe like an American on vacation with a leisurely but clear itinerary, Italy will have a vote on Sunday which is on proposed constitutional reforms but more or less amounts to a vote of confidence in its Prime Minister Renzi. Unlike Brexit and the U.S....

02Dec11:04 amEST

Unfazed Tase

All of the future sales likely pulled forward by RGR and SWHC, the premier firearms makers traded publicly, in recent years have likely been adequately priced into those stocks. When you factor in President-Elect Trump's desire to seek a rather pro-Second Amendment Justice on the Supreme Court, the bull case for RGR SWHC tends to diminish all...

01Dec3:46 pmEST

Stock Market Recap 12/01/16 {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...

01Dec3:44 pmEST

Ice, Ice, Baby

Not only do we have a big Friday morning coming up with the jobs number, but the Sunday vote in Italy could easily provide even more fireworks for this market and the tech outflows we are seeing.  Meanwhile, the higher rates' beneficiaries are starting to flex, including exchange stocks like ICE, below on the daily timeframe.  Overall, risks...

01Dec1:36 pmEST

Seems Like Ancient Ruins

The pre-Election trading may very well seem like a distant memory at this point. But, as far as markets are concerned, we have some sightseeing to do.  Specifically, the S&P 500 Index is backtesting its prior mid and then late-August all-time highs at 2,193 today. We have a few hours remaining in the session before a big jobs number tomorrow...

01Dec10:56 amEST

Circle of Life and of Bull Markets

After a good while of leading, technology (especially chips and "FANG" names) as well as bonds and rate-sensitive sectors are suddenly in the outhouse, with the penthouse being occupied by the energy complex as well as financials.  I am generalize a bit, of course. But the gist of the price action is such that these rotations are becoming...

30Nov3:45 pmEST

Stock Market Recap 11/30/16 {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...

30Nov3:44 pmEST

All Fall Down

Part of the mystique equity bulls have enjoyed for a few years now has not just been due to the abrupt, V-shaped rallies from some of the most historically bearish reactions to exogenous events (limit down in the futures to both Brexit and the Trump victories, for example),  but also to the remarkable resilience and seemingly endless rotations...

30Nov1:19 pmEST

A Quick Trip Through God's Country

Amid the headlines and sharp moves across the energy complex today, it is rather easy to overlook some of the constructive action among the agriculture and fertilizer plays.  The ringleader, on some level, would be Deere. Farmers love their John Deere's, of course, and it shows on the long-term chart, below. Note how DE is finally breaking...

30Nov10:50 amEST

Memo to OPEC: Ball Don't Lie

via urbandictionary.com "Ball don't lie" is said when a player misses one, two or all three of his free throws after a questionable foul call is made by an official. The ball is, essentially, the unbiased judge who will not reward the player... Crude oil and energy stocks have flopped around, complete with head-fakes in both directions, for a...

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