Flowserve: A Valve n' Dump or the Quintessential Energy Catch-Up Trade?

24Jan3:47 pmEST

The Silver Tribe Makes Its War Cry

Of all the tribes out there, the silver tribe has been one of the more quiet and docile ones in recent years. Often lagging gold rallies, silver and her miners has also taken a backseat to industrial metals and miners, leaving silver miners at the bottom of the barrel more often than not, unable to hold so much as a decent bounce after a...

24Jan1:05 pmEST

Bulls Don't Want to Hear, "Bye Bye, Baidu"

Baidu was supposed to be a good "catch-up" play to a never-ending bull run. However, with BIDU looking great this morning and now flipping red alongside the Dow and the broad market, I am continuing down the road of unwinding longs and not being too aggressive with news, for now. To be sure, calling a market top remains an elusive if not...

24Jan10:36 amEST

Got Unwind on My Mind

I am not saying to move to full cash on the sidelines, nor to call a major market top for that matter, but today seems like a decent spot to lock in fast gains, cut frustrating laggards and probably be a net seller of equities. While there are still a few long setups which I am eyeing, I have also made three sales this morning, one in the...

23Jan3:52 pmEST

Stock Market Recap 01/23/18 {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...

23Jan3:50 pmEST

New Orders for This Market

At this phase in the melt-up of the major indices, if bears cannot muster a reversal anytime soon it makes sense to actively ferret beaten-down and heavily-shorted stocks, such as burger joints like HABT RRGB, for catch-up/relief rally squeezes. But it is worth repeating, of course, that we do not want to become reckless, either. Thus, a...

23Jan1:24 pmEST

Non-Negotiable Facts from The Negotiator

With earnings still more than one month out, Priceline could easily be sneaking in a move up and out of its multi-month corrective pattern. For a while now, we have considered PCLN to be a market leader inside Market Chess Subscription Services, with daily coverage to review the action. However, we also know that the "FANG" stocks have often...

23Jan10:48 amEST

Dawn of a New Era at Twitter

Although news of Twitter COO Anthony Noto (who has been the number two guy at Twitter since 2014) is leaving to become CEO at finance startup SoFi is initially sending shares of TWTR lower this morning, it may not end up being all that bearish at all. Recall the massive, unfilled gap below TWTR still has from earnings last October 2017, seen...

22Jan3:47 pmEST

Stock Market Recap 01/22/18 {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...

22Jan3:43 pmEST

Peaky Blinders or Peaky Bulls for Netflix

Netflix earnings in a few moments after the closing bell here should get everyone into the earnings season mood, if the banks have already. Regarding NFLX, I am still not much of an earnings gambler. However, it is worth noting that NFLX has been apparently under strong accumulation for all of 2018 thus far. On the NFLX daily chart, below,...

22Jan1:26 pmEST

Flowserve: A Valve n' Dump or the Quintessential Energy Catch-Up Trade?

Energy stocks are notably outperforming crude oil itself today, raising the specter of another potential leg higher in a sector on the comeback trail for over a month now. With this in mind, we want to stay opportunistic for "catch-up" trades which have yet to really surge with the sector. Flowserve is one example, as they make the pumps,...