Yearly Archives: 2016
Showing articles 321 - 330 (1006 total)
30Aug3:37 pmEST
Gold and the Miners: Be Like Archie Moore
The great and overlooked boxer Archie Moore's nickname, "The Old Mongoose," perfectly alluded to his legendary ability as a counter puncher. With this in mind, given the recent bouts of weakness in gold and miners, we are going to approach them into the end of summer much like Moore would: As astute counter-punchers in lieu of coming out...
30Aug12:59 pmEST
Representing Evansville, Indiana
The rotation into financials is showing signs of follow-through today, which is all the more impressive when you consider the market at-large remains mixed, at best, into the afternoon. Regional banks are slightly outperforming their larger counter-parts today. So, let us focus on an actionable idea on that sector. Based in Evansville,...
30Aug10:51 amEST
Canada Stealing America's Thunder This Morning
In the face of a soft, sloppy open on the major averages in the U.S., Canada's Potash and Agrium were said to be in advanced talks about a merger, according to Bloomberg. As a result, most ag plays are rallying sharply, obviously including AGU POT. However, from a long-term perspective I am intrigued by the chart of Mosaic. On the monthly MOS...
29Aug3:46 pmEST
Stock Market Recap 08/29/16 {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...
29Aug3:45 pmEST
End of Summer Cheer
The indices have largely been drifting sideways the last few hours after a strong open, as we kick off what figures to be a light week of trading before the Labor Day weekend. To be sure, plenty of tight charts are present, which we consistently update for Members. At issue is whether they will break higher mostly across the board, which would...
29Aug1:11 pmEST
The Stock Market Recruits a New Driver
Do you remember the drill with the banks? They tend to catch a nice bid as rates eventually edge higher. Financials are leading today, on the back of a potentially hawkish Fed (also opposed to the bluffing one we are used to). While there are plenty of skeptics regarding whether The Fed can actually muster the, shall we say, intestinal...
29Aug10:50 amEST
Fiesta Making a Run at Chotchkie's
Select casual dining plays have enjoyed something of a snapback rally in recent weeks, seemingly under-the-radar. While it is true that many eyes have been glued to CMG for a potential bottom, the likes of BWLD and FRGI have also been noteworthy. CMG, green again this morning, would likely need a close above $435 to confirm even a temporary...
28Aug2:33 pmEST
Weekend Overview and Analysis 08/28/16 {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...
27Aug2:11 pmEST
Saturday Night at Market Chess Cinemas
I recently saw Anthropoid (2016), the real-life account of Operation Anthropoid. Anthropoid was the code name for a World War II mission to assassinate the malevolent SS General Reinhard Heydrich, the main architect behind the Final Solution and the Reich's third in command after Hitler and Himmler. Heydrich was said to be so violent and...
26Aug1:13 pmEST
A Staring Contest for the Ages
The initial reaction to Janet Yellen's apparently hawkish language this morning seemed hell-bent on calling her bluff, with the rate-sensitive sectors rallying along with commodities. However, an abrupt downside reversal ensued, virtually across the board, after Stanley Fischer reinforced the hawk case for higher rates. At the moment, we have...