Chickens Coming Home to Roost for Turkey Day

22Nov10:58 amEST

Chicken Eating Its Spinach

Amid a mild sell-off in fast food play, Jack in the Box, this morning, it is worth noting that PLKI (owner of Popeyes chicken chains) remans as impressive as any chart in the sector. Wendy's has been a bonafide leader in the space for a while but is now too extended to initiate a long, while MCD SONC have been simply trying to stabilize after...

21Nov5:00 pmEST

Stock Market Recap 11/21/16 {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...

21Nov1:37 pmEST

Battle on the High Seas

I see that the tanker, TK, is finally moving today, in light of the shipping surge in recent weeks. As an offshoot to this general sector action, I would still keep an eye on Golar LNG, a name we have noted previously on this site and for Members. On the updated GLNG daily chart, below, Golar has held up fairly well after clearing...

21Nov10:44 amEST

Here Come the Aggies

With the slightest hint at the U.S. Dollar backing off overbought conditions, plenty of commodities and commodity-related stocks seem to be enjoying themselves this morning to kick off the holiday week. The broad theme of the market lately has been one of rotation. And the same concept holds true within the commodity space. Specifically, the...

19Nov2:57 pmEST

Weekend Overview and Analysis 11/20/16 {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...

19Nov2:55 pmEST

Saturday Night at Market Chess Cinemas

The Big Chill (1983) may seem dated on its surface, but the film strikes a chord as we head into Thanksgiving and the holiday season. A loaded cast (Tom Berenger, Glenn Close, Jeff Goldblum, Kevin Kline, William Hurt) combined with the great Lawrence Kasdan directing and co-writing this ensemble storyline makes this one a worthwhile...

18Nov12:31 pmEST

Going with the Flow

After another in a long line of V-shaped rallies for equities over the last few years, some consolidating seems appropriate if not overdue. I am not in a rush to push longs into the weekend with perhaps some holiday complacency needing to be worked off into Thanksgiving next week. However, you can be sure I am going with the money flow of...

18Nov10:37 amEST

Private Pyle! Why is Your Foot Locker Unlocked?

Retail stocks have, at various intervals in recent quarters, dishonored the platoon of consumer stocks. Those retail names notably lagged amid a plethora of calls for them to go the way of horse buggy whips, seeing as Amazon was effectively rendering them irrelevant. As those AMZN-is-eating-the-retail-world-whole proclamations reached a high...

17Nov3:52 pmEST

Stock Market Recap 11/17/16 {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...

17Nov3:49 pmEST

Chickens Coming Home to Roost for Turkey Day

As attractive as some energy and materials stocks have looked, and as strongly as some have been acting, the U.S. Dollar ETF's monthly timeframe, below, is a lingering threat becoming more serious by the way as rates inch higher along with the greenback. The higher this chart goes, the havoc it potentially can wreak on a variety of markets. ...