Stock Market Recap 08/30/16 {Video}

06Sep1:27 pmEST

Large Cap Tech Triumphant to Begin September

The "FANG" names, plus PCLN, are off to a good post-Labor Day start today, with FB AMZN NFLX GOOGL perhaps indicative of some fund managers putting some money to work in large cap, liquid, glamorous issues in anticipation of a fall rally. I am looking to see if that strength spills over into the bell, since the old axiom of amateurs opening the...

06Sep10:21 amEST

The Ren and Choppy Show

One of the major points we have been emphasizing for Members of late has been the notion that markets typically do not come back from Labor Day full speed ahead. Despite the conventional wisdom that once the summer (unofficially) is over, everyone involved in market returns to the desk, in reality it can take a good one, even two weeks before...

05Sep2:47 pmEST

Holiday Weekend Overview and Analysis 09/05/16 {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...

04Sep1:56 amEST

Saturday Night at Market Chess Cinemas

A new pro and college football season is upon us, as is tradition over the Labor Day holiday weekend. Even if you are not a football enthusiast, however, I still recommend you watch the Amazon Original Series: All or Nothing: A Season with the Arizona Cardinals. The current makeup of the wildly talented Cardinals' organization stands in...

02Sep9:58 amEST

Rusty Retail Needs to Get Back on Track

Despite the continued resilience of buyers in the broad market, over the last week or so we have seen two of the better retail players this year get pummeled after earnings. Both FIVE and LULU are down sharply off recent highs. LULU, on the weekly chart, below, is obviously finding some overhead supply/interested sellers at prior highs (light...

01Sep10:37 amEST

Some Bad Guy Talk from Tesla, Solar City

Elon Musk may very well need to resort to "bad guy talk" to weasel his way out of this situation, as reports surface of a cash squeeze for both TSLA and SCTY. There is no doubt that TSLA, at one point, had the makings of a long-term super stock. However, the market set the bar extremely high for Mr. Musk, and he has clearly not answered the...

31Aug4:52 pmEST

Stock Market Recap 08/31/16 {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...

31Aug1:19 pmEST

The Mosaic Versus Under Armour Dynamic is a Microcosm of the Market

As the market puts the finishing touches on a choppy August, it is worth revisiting the Mosaic chart we observed yesterday when fertilizer plays were running off the AGU POT merger talks. MOS is threatening upside resolution from a symmetrical triangle consolidation (first weekly chart, below) after a steep, multi-year downtrend. Inversely,...

31Aug10:36 amEST

Just When You Thought Bird was Being Served for Dinner...

Just when it looked like the Twitter Bird was cooked, once again, on its recent pullback, the stock is waking up today right where it needed to from a technical standpoint. We have been tracking TWTR's methodical progress since the spring months, first by holding $14 as a sort of last-line-of-defense play to guard against a complete wipeout...

30Aug3:38 pmEST

Stock Market Recap 08/30/16 {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...