Saturday Night at Market Chess Cinemas

28Feb4:01 pmEST

Stock Market Recap 02/28/17 {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...

28Feb3:50 pmEST

Mr. Market: If You Were Me, Which Sector Would You Fire?

The selling today in front of President Trump's speech to a join session of Congress tonight sure is building tension, not unlike the famous television "boardroom scenes" we saw in The Apprentice years ago. The issue becomes which stocks and sectors could rally or get hit off Trump's remarks tonight. I am not too interested in front-running...

28Feb12:56 pmEST

Two Charts for Good Perspective This Afternoon

Stock are broadly coming in here, with Nasdaq and small cap weakness erasing some of the progress bulls made yesterday, especially in the IWM (ETF for the small caps in the Russell 2000 Index). Headed into the heart of the afternoon, we are keying off two main charts for perspective as to how much selling may be to come. First, the QQQ, ETF...

28Feb10:49 amEST

Silver Linings in the Playbook for the Target Miss

Target is being properly punished by the market this morning with a rather ugly gap down after weak earnings and guidance. On the surface, this type of action may seem to reinforce the bear case that brick-and-mortar, or non-Amazon, retail is largely dead. And while that may be true on some level, it cannot be true on every level. First,...

27Feb3:45 pmEST

Stock Market Recap 02/27/17 {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...

27Feb3:44 pmEST

By the Book

In addition to the homebuilders, the biotechnology stocks of the small and mid-cap variety housed in the XBI ETF are also sustaining impressive sector rotations today. The price action in XBI, below on the daily chart, is "by the book" (in terms of its recent breakout, backtest, then resumption of the uptrend today in an explosive manner) and...

27Feb1:35 pmEST

Quiet Symmetry to These Homes

To follow-up from our analysis last week, the homebuilders continue to quietly outperform today. Both the XHB and ITB ETFs related to the homebuilding complex are near or at session highs as I write this, while the indices in general are flat and mixed. Equity bulls continues to pound the table on the idea that sector rotations will keep any...

27Feb10:40 amEST

A Silent Scream from Sotheby's

While far from a premier leading stock, high-end auction house Sotheby's (trading under ticker: BID) has some interesting correlations with the S&P 500 Index when you track the performance going back several decades. Long-time readers will recall we used to track this correlation previously, full well knowing that all correlations are bound to...

25Feb3:26 pmEST

Weekend Overview and Analysis 02/26/17 {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 markets. Please click here for more...

25Feb3:22 pmEST

Saturday Night at Market Chess Cinemas

They don’t make them much better than Clint Eastwood’s boxing masterpiece, Million Dollar Baby (2004)--This one is a top ten all-time film for me. The underdog boxer (here, a female played by Hilary Swank) being pushed by a tough trainer is nothing new in cinema, as we have seen that storyline over and over again throughout the years....