Fashion Always Comes Back Around

27Sep1:15 pmEST

Baked in the Healthcare Cake

Small caps continue to dazzle, housed in the IWM ETF for the Russell 2000 Index, as we work our way through the early-afternoon portion of the trading session. While IWM remains extended, as we have seen that has not been a good short trigger at all. So instead of trying to time an index top, we have been seeking out sector and stock...

27Sep10:46 amEST

A Hawkish Rejection

The market appears to be embracing Janet Yellen's recent hawkish tone, as Treasuries are selling off hard this morning. Regardless of the reason, though, rates are on the rise and it will be interesting to see if equities take it in stride, as usual. But with TLT dumping, the rate-sensitive sectors, such as utilities, consumer staples, and...

26Sep3:36 pmEST

Stock Market Recap 09/26/17 {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...

26Sep3:32 pmEST

Little Retail, Little Retail, Let Me Come In

Just one more push higher in the XRT (ETF for retail stocks) now, and we should be able to more definitively say that the thrust lower in August was a false breakdown. The XRT daily chart, updated below, indicates as much, what with another trading session today where retail stocks impressively outperformed many other sectors. True, it may...

26Sep1:03 pmEST

High Tide for GoPro Bears

Against the backdrop of the "FANG" names dominating the QQQ ETF continuing to undergo pullbacks, we have long-term lagging plays like APRN GPRO FIT SNAP outperforming. Out of those names, GoPro looks to be coming along ahead of them, in terms of GPRO holding above its 200-day simple moving average since Labor Day. GPRO remains a rather...

26Sep10:48 amEST

Yum Yum; Bad Yum

Despite a sharp selloff in China stocks yesterday, the Yum! Brands China spinoff, YUMC, looks to be setting back up on the long side with a far superior daily chart to its parent company. The first daily chart, below, is the main company which owns the KFC, Taco Bell, and Pizza Hut fast food franchise brands. After a 2016 spinoff, YUMC...

25Sep3:54 pmEST

Stock Market Recap 09/25/17 {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...

25Sep3:52 pmEST

SolarEdge Appropriately Living on the Solar Edge

Headed into the bell of an interesting trading session, it is worth noting amid the solar carnage of late (FSLR today, also RUN SPWR VSLR, even JKS failed breakout), that the Israeli solar SEDG is hanging tough. Note how well the daily chart, below, ignoring some brutal sector selling, a disappointment no doubt given promising action...

25Sep1:31 pmEST

Who's in and Who's Out?

Amid some more Nasdaq selling today and the rotations we noted this morning, it is also worth keeping tabs on the precious miners vis-à-vis the current U.S. Dollar relief rally. Indeed, if the gold miners can continue to rally off their ETF's 50-day moving average (see GDX, first daily chart, below, dark blue line) even as the greenback...

25Sep10:45 amEST

Fashion Always Comes Back Around

On the back of the retail rally we noted late-last week, there is some more pronounced rotation taking shape this morning. Specifically, the "FANG" names, which compose a fair amount of weight in the QQQ (Nasdaq ETF) are being sold rather harshly, not to mention PCLN, as well. Apple has also been pulling back after its recent event, struggling...