Trump Uranium Plays: Bring it in for the Real Thing

20Jan1:32 pmEST

All the News That's Fit to Pin

Despite a gap-fill down to the open on the S&P 500 Index's ETF (SPY), the market currently has the look and feel of pinning a variety of issues as options expire. Indeed, while bears were rooting for a broad-based "sell the news" reaction to Inauguration Day, we may very well need to wait until next week for a better gauge as to how this...

20Jan10:49 amEST

Peaceful Transfer of Power in a Range

On this Inauguration Day it is surely ironic that the major indices, mired in this historically compressed range, seem to be effecting a peaceful transfer of power between buyers and sellers on a daily basis. In other words, on a day-to-day basis we have seen rather peaceful alternating action, with little in the way of follow-through one way...

19Jan3:42 pmEST

Stock Market Recap 01/19/17 {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...

19Jan3:39 pmEST

Big Evening Blue Before the Big Day Tomorrow

Long-time readers will recall, back in 2010, looking at IBM (or "Big Blue") in a bullish light, ready to break out of a multi-year base higher. At a certain point, though, namely in 2013, Big Blue began to slow down and display the hallmarks of a textbook long-term head and shoulders top. This top coinciding with plenty of self-described value...

19Jan1:36 pmEST

Bend the Boat Like Beckham

It is often said in markets that the trend is your friend until it bends in the end. Small caps sure seem to have been "bending," but not breaking, in recent sessions. The higher beta issues in the Russell 2000 Index have lagged their senior counterparts at various junctures over the last few weeks, prompting bears to call for an imminent...

19Jan10:42 amEST

Quick Plays to Pass the Time

Despite gaps higher in Nasdaq leading issues like NFLX and TSLA, the major indices are uninspired so far this morning. As I write this, I see the averages all flipping mildly red, as broad-based buying has on indefinite hiatus. With Inauguration Day tomorrow, the market may very well be transitioning from a phase of pricing in the potential...

18Jan3:52 pmEST

Stock Market Recap 01/18/17 {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...

18Jan3:49 pmEST

Is Under Armour About to Get Sonned By Nike?

It is an interesting topic, one which I am sure Under Armour's January 31st earnings will shed more light. But note UAA breaking below $30 today, a short idea we had for Members the last week or so, while Nike is off to a decent start in 2017. NKE may be emerging from a multi-quarter falling channel, while UAA still looks ripe to head on...

18Jan1:23 pmEST

Good Protection for the Steelers

Coinciding with some comments by Wilbur Ross this morning (Ross is Donald Trump's Commerce Secretary nominee), steel plays are rallying off some obvious potential support levels. After circling back to their respective 50-day simple moving averages, the likes if AKS RS X are up sharply as I write this on the prospect of protectionism from...

18Jan10:43 amEST

Trump Uranium Plays: Bring it in for the Real Thing

Much like with steels, but in a more ferocious manner, the uranium plays which rallied, in part, on the prospect of a Trump presidency are unwinding today in front of Inauguration Day on Friday. We knew at some point there would be a sharp shakeout, given how inherently volatile all things commodity-related are. And when you factor in how many...