Beer and Circus Ain't What it Used to Be for Disney

13Oct1:21 pmEST

Lithium May Go Out with Periodic Bang

To follow-up on a recent blog post, lithium (LIT ETF) has been on a tear this year and may be ripe to conclude 2017 with a bang rather than a whimper. And SQM, one of the major lithium-related players, a Chilean ag, looks as enticing as any on the long side with earnings not until around Thanksgiving. On the SQM daily chart, below, you can...

13Oct10:48 amEST

All at Once, Finally

On the back of AK Steel and United States Steel Corporation (X) gapping higher, alongside CLF MT, this morning, we are seeing steel stocks housed in the SLX sector ETF move nearly in unison up for the first time in a good while. Moreover, the XME, which is a general umbrella for most things related to materials and miners, is threatening to...

12Oct4:36 pmEST

Stock Market Recap 10/12/17 {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...

12Oct3:49 pmEST

Forget About Electric Cars; NITE Rider

Recent biotech IPO Nightstar Therapeutics PLC (NITE), a London-based gene therapy play, is spiking up here into the bell. Although it is a brand new chart, beyond having a cool ticker we know NITE is in a hot niche within a hot sector. Thus, it may be worth a stab over $18 tomorrow.

12Oct2:47 pmEST

Competing Forces

Sluggish action from the major indices appears to stand in stark contrast to some exciting action in select names throughout the tape, such as PFPT or UCTT, among others. This may indeed be the top before the drop. But bears, as usual, must force the issue since the overarching trend is still higher in this uniquely resilient market. On the...

12Oct10:42 amEST

Young Prospects Coming of Age

Using Facebook in 2013 as a blueprint of sorts, the likes of Snapchat and Twitter, among others, can only hope to emulate FB's subsequent share price action up until the present. SNAP notably perked up yesterday, with the numerous short-sellers in its float suddenly not feeing quite so comfortable. And now we have TWTR, below on the daily...

11Oct3:53 pmEST

Stock Market Recap 10/11/17 {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...

11Oct3:50 pmEST

Work-Life Balance for Millennials

Snapchat is justly receiving tons of attention and praise today, as the beaten-down stock is finally waking up a bit since its IPO and is back over the key $15 level (first daily chart, below, sporting the triangle breakout). Lest we forget about the work-life millennial balance, however, on the work end of the spectrum we also have Twilio,...

11Oct1:24 pmEST

Early Channel Checks at Wynn Boston Harbor

As police struggle to properly construct the most accurate timeline of the Mandalay Bay shooting, it appears that MGM (Mandalay Bay's owner) could easily face plenty of civil lawsuits (negligence, wrongful death with plaintiffs using both torts possibly to seek punitive damages from MGM's deep pockets). While MGM is short-term a bit oversold, I...

11Oct10:50 amEST

Beer and Circus Ain't What it Used to Be for Disney

Much of my focus remains on the long side in this market, given the historical resilience and nonstop rotations. Nonetheless, a few interesting shorts are popping (or dropping) up here and there, with Disney acting as a good example for us to examine. Disney is, of course, a Dow component and was a major winner from 2009 into 2015. Since then,...