These Levels Have Some Summer Pull

29Jun10:52 amEST

The Motion in the Market's Ocean

The major averages are still largely rangebound, especially the S&P 500 and Dow Jones Industrial Average, while the small caps in the Russell and tech plays in the Nasdaq Composite remain a few percent off recent highs. However, with bulls defending the big, round 2,700 level on the S&P yesterday, as well as the 50-day simple moving average,...

28Jun10:59 amEST

June Candles Might Steal Your July Beach Sandals {Video}

27Jun2:51 pmEST

Hey, Dr. Jones, No Time for Love

An ugly downside reversal around high noon on the east coast has me lightening up an already-very light trading portfolio this afternoon. Although there are quite a few individual names I remain impressed with, I am not looking to fall in love with a market which is clearly not going to love me back, at least for now. In general, the constant...

27Jun10:41 amEST

Develop Those Pieces

The rotation into the energy complex the last two sessions complements the recent strength we have profiled here and for Members in the sector. Indeed, the persistent crude oil strength accompanied by many individual energy stocks has surely been a mitigating factor in evaluating the bear case in this week leading up to the Fourth of July...

26Jun4:02 pmEST

Stock Market Recap 06/26/18 {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...

26Jun3:24 pmEST

Tesla Shock Therapy in Effect

With a short percentage of its float (shares outstanding) which remains shockingly elevated, Tesla bears absolutely must stay vigilant and disciplined this summer. On the updated TSLA daily chart, below, we can plainly see that the recent surge back over its 200-day simple moving average (yellow line) was riveting but could also be dismissed...

26Jun10:44 amEST

Small Caps Must Avoid a Waterloo Moment

Unlike the way in which the diminutive brilliant military strategist Napoleon was defeated at Waterloo in Belgium by the Duke of Wellington, the mighty small caps in the Russell 2000 Index still have a chance to sidestep a possible game-changing defeat at the hands of the bears. For a while now, the small caps have thrived, easily one of the...

25Jun4:42 pmEST

Stock Market Recap 06/25/18 {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...

25Jun2:22 pmEST

Let's Be Honest: The Ruth's Chris Hot Plate is a Durable Competitive Advantage

Although we do not necessarily rush out and buy relative outperforming issues on large down days in the market like today, we certainly want to take note of them and add them to our repertoire of names to closely monitor going forward. That said, we have already been tracking and playing quite a few restaurant stocks, be it fast-casual,...

25Jun10:34 amEST

These Levels Have Some Summer Pull

With the Dow Jones Industrial Average tagging its 200-day simple moving average for the first time since early-May, equities as an asset class have the the general feel of an ongoing, tedious summer consolidation or slow-paced correction. The pace of the selling could easily pick up if market players become cease to enjoy the ongoing sector...