No Dice

11Jun10:40 amEST

Sunday Matinée at Market Chess Cinemas

It is probably a contrarian point of view, but I have always thought there was something off about Quentin Tarantino’s films. Granted, he has made some entertaining ones. But they are not quite on the level of genius or even excellent films that many would have you believe. As an alternative to some of Tarantino’s campy films, consider Out of...

09Jun1:43 pmEST

There's No Nation Like Rotation

What's the best nation in the world? Donation. What's the best city in the world? Generosity. An abrupt rug-pull this morning in hot momentum tech darlings, like NVDA , and even AMD AAPL TSLA, among others, is applying pressure to the bull thesis for continued sector rotation to keep this market uptrend afloat headed into the FOMC next...

09Jun10:57 amEST

Double Indemnity When This Rotation Occurs

In addition to financials and small caps stealing headlines for being rotation beneficiaries this week, the often overlooked insurers in the KIE sector ETF are threatening to benefit as well. On the KIE daily chart, below, now how quiet the insurers have been as a group since March. A push above $88 now should trigger a breakout. And looking at...

08Jun3:46 pmEST

Stock Market Recap 06/08/17 {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...

08Jun3:44 pmEST

You Cannot Completely Avoid the Drama

The Comey testimony today was largely a non-event for stocks, as the larger issue for traders focused on price action in lieu of politics was the rotation back into small caps and banks, like Citi, for the most part. In addition, the XME (ETF for materials miners) staged an impressive rally, with beaten-down winners from 2016 like CLF and TECK...

08Jun1:34 pmEST

A Toll Booth Willie Bull Market

Persistent strength in payment processors SQ PYPL (not to mention the uniquely strong, multi-year bull runs in leaders MA and V) reinforce the secular theme of the modern day "toll collector" business model dominating global capitalism. Earlier today on social media I charted QIWI, a similar play with exposure to Russia. There are other...

08Jun10:36 amEST

One Consolidation for Me, and One for My Comey

The gist of price action throughout this week has been one of consolidation, with some fits, starts, head-fakes higher, and down-fakes lower providing a fair amount of frustration for traders pushing the envelope in terms of aggression. With the Comey testimony now underway in Washington, as traders we want to sift through the political noise...

07Jun3:50 pmEST

Stock Market Recap 06/07/17 {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...

07Jun3:47 pmEST

So is it Fair to Say That Comey's Testimony is a Buffer?

Into the closing bell, the market is hanging in there rather well in front of the Comey testimony tomorrow morning. I recognize that his testimony is not particularly market-relevant on the surface. But if he launches a few verbal mortars it may be enough to see the market hold off on a new leg higher in front of the main event next week. And...

07Jun1:28 pmEST

No Dice

An ugly downside reaction to the weekly crude oil inventory report has apparently negated the bounce attempt energy stocks (and crude itself) tried to stage earlier this week. While the broad market is not swooning off the inventory move, the reality is that the energy sector continues to be a sore spot containing plenty of market cap, even if...