Nike Without the Noise

07Sep10:40 amEST

Mind-Altering Drugs and Markets Don't Mix, Bro

The image of Tesla CEO Elon Musk with a smoking blunt in his hand (and mouth) last evening during a livestream of the Joe Rogan Experience is not the best look for Tesla shareholders this morning, as the stock loses is massive $270/$280 prior support zone dating back nearly eighteen months. For a while now, TSLA has mostly been a hands-off...

06Sep3:44 pmEST

Stock Market Recap 09/06/18 {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...

06Sep3:34 pmEST

Put Down the IPA and Check Out the ITA

ITA, the ETF for aerospace and defense stocks, is flexing nicely today, which aligns with recent rotations into the most things related to industrials. Clearly, there is overlap between the XLI (ETF for industrials) and ITA. The obvious names, of course, are BA and LMT. But we always like to be rigorous and ferret out under-watched names for...

06Sep10:41 amEST

Tech Wreck: Ain't Nothing But a Chicken Wing on a String

...but not from Burger King. Another morning of tech unwinding in a rather pronounced manner, this time with Micron (MU) down more than 8% and many other tech plays in the QQQ ETF likely being sold by institutional types back at their desks after summer vacation, is an obvious blemish on the tape so far this morning. However, the sector...

05Sep4:52 pmEST

Stock Market Recap 09/05/18 {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...

05Sep2:36 pmEST

Tech is Played Out: Here's Where the Action Is

Recent blog posts have focused on rotation into financials and out of high profile growth names, mostly in tech, coming off the Labor Day weekend. In addition to banks, also note the overlooked industrials housed in the XLI ETF displaying signs of being a clear rotation beneficiary for capital looking to stay within equities as an asset class,...

05Sep10:32 amEST

Banks Breaking Rank...But is it Enough?

The Nasdaq is off to a particularly rough start this morning, off by roughly 1.4% as I write this and plenty of widespread selling below the surface in tech-related names. Naturally, bulls are giving the rotation game another attempt, seeing as it has been their calling card for a good while now. However, I am a bit skeptical as to whether the...

04Sep4:56 pmEST

Stock Market Recap 09/04/18 {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...

04Sep3:00 pmEST

Bears Lacking Direction as Rotation Game Persists

The major averages are well off session lows as I write this, as extended leaders like AAPL AMZN SQ defy gravity and push higher yet. To be clear, all three of those name will indeed correct at some point. But as we have been reminding Members, the timing of it is uniquely difficult and we are probably better served to focus on sector rotations...

04Sep10:42 amEST

Nike Without the Noise

The latest decision by Nike to feature former NFL quarterback Colin Kaepernick as the face of the firm's 30th anniversary of it "Just Do It" campaign is creating quite the buzz this morning, with fierce arguments from both sides of the debate. Here at Market Chess, we have little interest in choosing political sides, not because we do not have...