Monthly Archives: June 2018

12Jun3:19 pmEST

Somewhat Dead Ahead of the Fed

While momentum traders seeking intraday hot action are piling into the likes of FIT RH TSLA today, among a few other monster movers like SAGE, the general tone and tenor of the broad market action this afternoon has me thinking the market will slow down and drift into the FOMC event which truly begins after 2pm EST. Although the beginning of...

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12Jun10:36 amEST

You Adapt, Evolve, Compete, or Die

An extremely rare interview on CNBC this morning with the legendary trader and hedge fund investor, Paul Tudor Jones, had me recalling his many famous quotes regarding markets. One of my favorite ones is, “You adapt, evolve, compete or die," implying that traders must constantly be willing to change their minds to keep up with ever-changing...

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11Jun5:07 pmEST

Stock Market Recap 06/11/18 {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...

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11Jun2:16 pmEST

One in the Same After a Long Battle

As we work our way through the heart of afternoon trading, rotation seems to be the name of the game as small caps lag while other parts of the market attempt to benefit from inflows.  On that note about rotation, it is interesting to see two long-time, high beta laggards finally sustain rallies. FitBit has been on a tear since early-May,...

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11Jun10:41 amEST

Another Look at Archer

We previously looked at the long-term chart for Archer-Daniels-Midland Company, the global food processing and commodities trading firm, and surmised that ADM may very well be on the cusp of a meaningful breakout from a multi-year  consolidation pattern.  Adding credence to that thesis is the recent rotation we have profiled into several XLB...

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10Jun11:39 amEST

Sunday Matinée at Market Chess Cinemas

The suicide of  celebrity chef, author, travel documentarian, and television personality, Anthony Bourdain, took many by surprise this week. After all, he had what many termed to be the "dream job," of traveling the world and eating great local cuisine, learning from skilled local chefs and meeting friendly people native to each of his...

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08Jun11:25 amEST

Don't Let the Door Hit You in the ASCO on the Way Out

On the whole, the price action in many biotechnology stocks during the latest ASCO conference is one plenty of biotech bulls would soon forget, as the market gave us a plethora of bios gapping down 10-30%, or more, over the last week. While it is usually a mistake to view a sector-specific conference like ASCO as a panacea (literally and...

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07Jun1:21 pmEST

What Makes Tobacco Stocks Taste Better Down Here?

"They are toasted, so they taste better!" Simply put, plenty of the defensive consumer staples have had an unusually rough go of it over the last few months if not quarters as rates have flirted with multi-year breakouts. We know that defensives tend to fare better in a low rate environment. But the issue is at what point has the market...

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07Jun10:46 amEST

Modified Playtime for Bears

On the back of the Nasdaq Composite and the QQQ (ETF for the top 100 stocks in the Nasdaq, namely "FANG" types of names) running directly into their prior, respective March highs, if not overshooting them yesterday, we ought not be too surprised to see tech stocks now mostly experience some profit-taking and generally lagging the market this...

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06Jun2:26 pmEST

Analysis of an Overlooked Sector & Components 06/06/18 {Video}

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