Out of the Woods, But Not in the Clear

13Sep1:16 pmEST

Need More Cyber Details Beyond A/S/L

The technical progress in the likes of SPLK and QLYS, and now FEYE surging today, highlights the improvement in the HACK, cybersecurity sector ETF. Cybersecurity has been a buzzword for a while now. But, as usual, the market takes its sweet old time as to when it wants to acknowledge a given theme. In this case, HACK bulls have had their...

13Sep10:48 amEST

A Nitty Way to Try to Profit

If you are a poker "nit," then it does not get much better if you can make money in the stock market by playing a stock with the ticker symbol, FOLD. In this case, FOLD is the symbol for the biotechnology firm, Amicus Therapeutics, Inc.. FOLD specializes in rare and orphan diseases. And despite a late-stage trial failure this morning, the...

12Sep3:53 pmEST

Stock Market Recap 09/12/17 {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...

12Sep3:49 pmEST

The Apple Event and Jamie Dimon's Bitcoin Bashing Were Not the Real Stories Today

No, the real story is likely that Treasuries (first daily chart, below of TLT ETF) staged a false breakout and reversed down from well-defined resistance on heavy sell volume (meaning rates are going up), while regional banks (second chart, below, of KRE ETF daily timeframe) just staged a false breakdown, reversing higher on heavy buy volume. ...

12Sep1:32 pmEST

An EZ Tell on Gold

From a trading standpoint, the Apple event taking place as we speak is not much of a concern to me, either way, beyond keeping tabs on a few supplies like QRVO and SWKS. Form my vantage point, markets are grinding up to burn recent hedges to the ground, in terms of the VIX and TLT, even gold. On that note, the issue is whether gold was...

12Sep11:01 amEST

Better Social Skills

The SOCL, social media ETF, is just one of a few exotic ETFs we have been tracking for Members this year as quietly outperforming. Another one is LIT, the lithium ETF which has seen a surge in conjunction with the need for lithium in batteries (think: Tesla). But regarding SOCL, clearly the strength in China social and internet firms (BABA...

11Sep3:48 pmEST

Stock Market Recap 09/11/17 {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...

11Sep3:47 pmEST

Pie in the Skyworks for the Apple Event

With the Apple iPhone event scheduled for tomorrow, we certainly want to examine some actionable trades beyond AAPL's stock. In light of the rally today, we may be inclined to avoid taking on too many new longs. However, looking through some chips with exposure to AAPL has us staying opportunistic, pending the reaction by the market to the...

11Sep1:34 pmEST

A Better Perspective

Given the risk-on spirit of markets today, as equities surge and the "fear trades" like the VIX, bonds, and gold giving back some recent ground, it is worth taking a step back and gaining perspective on some intermediate-term trends. Specifically, some gold mining leaders like IAMGOLD Corporation, based in Toronto, are finally taking a respite...

11Sep10:55 amEST

Out of the Woods, But Not in the Clear

I covered up the last piece of a Berkshire Hathaway short inside Market Chess Subscription Services late-last week, previously discussed on this blog, not necessarily because the technicals flipped bullish (they still look dicey, short-term, even for Berkshire) but partly due to the idea that the market has essentially "Sold the rumor" of...