Grumpy Old Man Winter Plays

11Jan3:15 pmEST

The Next Phase Should Be a Rather Self-Absorbed One

With stubborn shorts still not quite throwing in the towel yet in many names, the next phase of the bull may very well be upon us. Under that theory, we should begin to see some obnoxious short squeezes in heavily-shorted, controversial names like Wayfair (W), for example. Shorts may very well be correct in their analysis of these names over...

11Jan10:34 amEST

Two Losers Fighting Back

Harley-Davidson and Spirit Airlines, respectively below on their dally timeframes, are similar in that they have been much-maligned in recent quarters for falling behind industry peers and having the market justly punish them for it. HOG, in particular, has been blasted by critics for failing to adapt to the Millennial generation who want very...

10Jan3:46 pmEST

Stock Market Recap 01/10/18 {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...

10Jan3:32 pmEST

Biotech: No, No, No...No More Foreplay

For the second session in a row, the XBI (ETF for small and mid-cap biotechnology issues) is notably outperforming the broad market. However, bios have been a bit dodgy in recent weeks in terms of being able to hang onto and sustain strength. Will this time be another tease? As you can see on the XBI daily chart, below, bulls need to see a...

10Jan10:35 amEST

The Little Red Book of Rumors and Excuses

News this morning that China may be considering cutting back its buying of U.S. Treasuries not only sent TLT lower yet (even after its recent bout of weakness), but also seemingly sent U.S. stock index futures tumbling pre-market. Despite Warren Buffett opining that valuations were not too rich for equities relative to rates, we still have some...

09Jan4:35 pmEST

Stock Market Recap 01/09/18 {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...

09Jan1:43 pmEST

Crossing the Rubicon

With rates moving higher today, perhaps the bond market is finally aligning itself with the implication of the rally in many commodity-related materials plays over the last few months. As is usually the case with markets, things do not always play out in linear fashion. Moreover, rates on the 10-Year Note, for example, still must climb a good...

09Jan10:43 amEST

High Energy Going for New Heights

Three of the main beverage buyout targets, FIZZ MNST SODA (also with NBEV as a small speculative play perking up this morning), are either sporting sound charts or, in the case of FIZZ, attempting to emerge from corrective patterns this morning. For a while now, many have speculated on which one of these firms would be the most logical buyout...

08Jan3:48 pmEST

Stock Market Recap 01/08/18 {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...

08Jan3:46 pmEST

Grumpy Old Man Winter Plays

Headed into tomorrow we have our eyes on CMP, Compass Minerals. This is the quintessential "old man winter" play, as they produce rock salt for the icy roads. CMP had a nice rally of late and is finally flagging out. Also note CMP is in the suddenly-hot materials space, which may very well put it in the sweet spot going forward the rest of...