Stock Market Recap 02/23/17 {Video}

28Feb10:49 amEST

Silver Linings in the Playbook for the Target Miss

Target is being properly punished by the market this morning with a rather ugly gap down after weak earnings and guidance. On the surface, this type of action may seem to reinforce the bear case that brick-and-mortar, or non-Amazon, retail is largely dead. And while that may be true on some level, it cannot be true on every level. First,...

27Feb3:45 pmEST

Stock Market Recap 02/27/17 {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...

27Feb3:44 pmEST

By the Book

In addition to the homebuilders, the biotechnology stocks of the small and mid-cap variety housed in the XBI ETF are also sustaining impressive sector rotations today. The price action in XBI, below on the daily chart, is "by the book" (in terms of its recent breakout, backtest, then resumption of the uptrend today in an explosive manner) and...

27Feb1:35 pmEST

Quiet Symmetry to These Homes

To follow-up from our analysis last week, the homebuilders continue to quietly outperform today. Both the XHB and ITB ETFs related to the homebuilding complex are near or at session highs as I write this, while the indices in general are flat and mixed. Equity bulls continues to pound the table on the idea that sector rotations will keep any...

27Feb10:40 amEST

A Silent Scream from Sotheby's

While far from a premier leading stock, high-end auction house Sotheby's (trading under ticker: BID) has some interesting correlations with the S&P 500 Index when you track the performance going back several decades. Long-time readers will recall we used to track this correlation previously, full well knowing that all correlations are bound to...

25Feb3:26 pmEST

Weekend Overview and Analysis 02/26/17 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

25Feb3:22 pmEST

Saturday Night at Market Chess Cinemas

They don’t make them much better than Clint Eastwood’s boxing masterpiece, Million Dollar Baby (2004)--This one is a top ten all-time film for me. The underdog boxer (here, a female played by Hilary Swank) being pushed by a tough trainer is nothing new in cinema, as we have seen that storyline over and over again throughout the years....

24Feb1:25 pmEST

Foot Locker: Turn That Retail Frown Upside Down

Markets are settling into a bit of a scrum into the weekend, with bears yet to push the envelope off the morning weakness (See: a red VXX as I write this). One bullish aspect of the action of late would be retail plays finally showing some heart, specifically in the face of yesterday's harsh selling in the sector. Recall how long the retail...

24Feb9:27 amEST

A Simple Test of Violence

As quaint as it may seen, the VIX ETF, VXX, has ben unable to hold over its 20-day simple moving average since Election Day. To be sure, I am not one to put too much stock in technical analysis of the VXX, since it is, after all, several times removed from equities. Still, the setup is simple, easy to track, and should give insight as to...

23Feb3:51 pmEST

Stock Market Recap 02/23/17 {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...