Buy the Dip or Watch the Drift

20Oct1:33 pmEST

Heat Building from All Sides

On our updated very zoomed-out look of the S&P 500 Index hourly chart, below, since Labor Day, we can see the consolidation is seeing energy building for a move from virtual all sides. Price has probed down, up, sideways, and just about every nook and cranny one could imagine. Just as 2145-2150 is acting as a ceiling of sorts, bears holding...

20Oct10:52 amEST

Waiting in the Trees

The "safety" sectors continue to act more dangerous for bulls, with bears patiently waiting in the trees and beginning to make their way down to ground level for an ambush. Case in point: Dividend-paying and rate-sensitive telecommunications plays like T VZ are both taking it on the chin this morning, while REITs in the IYR and utilities in...

19Oct3:55 pmEST

Stock Market Recap 10/19/16 {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...

19Oct3:43 pmEST

Before Our Final Descent Into Las Vegas...

Headed towards the third and final Presidential debate tonight in Las Vegas, which may as well be the final round of a heavyweight boxing title fight, bulls are putting up a fight of their own with a slow move higher today. To be sure, there are plenty of stocks holding up well. But in a rangebound market simply "holding up well" may be worth...

19Oct1:17 pmEST

Squad Goals for Gold Miners

Much like crude oil, one of the more impressive aspects about the move in precious metals and miners this week has been the manner in which they have, thus far, ignored a firm Dollar which could easily be bull-flagging as speak. As a group, the miners seem to be moving in lockstep and have each other's backs, with most of the premier miners...

19Oct10:49 amEST

Equal Opportunity Energy

Although we have no predisposed biases inside Market Chess Subscription Services, if there is one specific group of stocks we have been consistently cautious or bearish on it has certainly been the solars. Despite wild proclamations by solar bulls of the imminence of this alternative energy as the clear-cut wave of the future, equity markets...

18Oct3:43 pmEST

Stock Market Recap 10/18/16 {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...

18Oct3:39 pmEST

Shaken and Stirred, Yet Unperturbed

Despite the major indices struggling to really get an explosive rally going today, there was some promising action in quite a few individual stocks. Now we need to see some more muscle behind those moves the rest of the week, with plenty of earnings sprinkled in. Intel and Yahoo are big ones tonight, as ISRG. But I am also watching to see...

18Oct1:15 pmEST

The First Person You Kiss Cannot Be Papa John!

In light of the Dominos Pizza earnings surge, the first person the market wants to kiss now may be Papa John's, not unlike Peyton Manning above after last February's Super Bowl win. While that may be controversial to some , PZZA has room for a quick move higher to follow DPZ before Papa John's earnings on November 1st. On the daily chart,...

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...