Sending Energy Bears Up the Tree

20Apr12:58 pmEST

Alternatives to Funyuns, Easy Cheese, and Bugles on 4/20

In lieu of the usual "munchies" on 4/20, fast food plays SONC and WEN appear to be setting up nicely on daily timeframes, below. Note the surge in recent months, followed by an orderly drift down to their respective 20-day moving averages over the last few weeks. If we see some rotation away from MCD down to other fast food plays, these two...

20Apr10:55 amEST

The Greatest Hustler Who Ever Lived

Berkshire Hathaway owns roughly 400,000,000 shares of The Coca Cola Company, one of Warren Buffett's core holdings and the type of durable company and brand he once mentioned he could sleep at night even if he had put every dime to his name in the stock. As an aside, I am sure Buffett also loses very little sleep about fellow billionaire Bill...

19Apr5:20 pmEST

Stock Market Recap 04/19/16 {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...

19Apr3:47 pmEST

Materials, Miners, Oil: The Plot Thickens

We are seeing shades of an often forgotten-about aspect of 2008: The first two quarters of that year were characterized by powerful rotations into the industrial/materials/energy/mining complex. Of course, the resilience in equities as a whole (and a lack of a Bear Stearns) contrasts to 2016, thus far. But regarding the bullish action in...

19Apr1:03 pmEST

Within Reach, Again

You can almost feel the opportunity for bears presenting itself again, another in a long line of fumbles since the rally in equites commenced back in February. The price action and potential major top in NFLX is helping the cause for bears today in the market's downside reversal to red, as is the soft action in semis and biotechs. Still, we...

19Apr10:36 amEST

Not Just About That Silver Action, Boss

While the surge in silver is impressive this morning and piggybacks our analysis from last week where we presented a major, weekly chart inverse head and shoulders bottom in play, the reality is that virtually the entire materials/miners/commodity complex is improving on intermediate-term timeframes. We have been tracking and playing the...

18Apr5:10 pmEST

Stock Market Recap 04/18/16 {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...

18Apr3:46 pmEST

A Setup in Oil Which Would Make J.R. Ewing Proud

The news flow out of Doha yesterday and reaction today was rather interesting, on many levels, regarding the energy stocks in particular. Going forward, a good tell, beyond SLB XOM, will be if names like PAA can confirm possible major bottoms in progress. More in my full video market recap after the bell for Members and the brief one here. ...

18Apr1:02 pmEST

It Ain't About Blockbuster Anymore

Over the last few years, Netflix has unquestionably been a dominant force, obliterating Blockbuster, for example. Beyond that, its original programming and international growth have impressed. And, to be sure, the many skeptics who shorted the name all the way up since 2014, if not back from 2012, have been forced to eat heavy doses of humble...

18Apr10:50 amEST

Sending Energy Bears Up the Tree

Despite a massive downside gap in crude oil futures last evening off the inability for a deal to materialize in Doha over the weekend, USO is down just under 3% and coming to terms with the $10 level on that ETF which has been significant previously. Moreover, and perhaps even more concerning to energy bears, the energy stocks are flashing...