High Noon Standoff Approaching

25Jul4:45 pmEST

Stock Market Recap 07/25/18 {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...

25Jul3:50 pmEST

Here Comes the Heart of the Lineup

An earnings lineup tonight of: $FB $AMD $V $PYPL $F $ALGN $GILD $LVS $QCOM $NOW is as loaded as it gets. Facebook, to be sure, is the premier report. But the other ones listed above could tip the scales in what appears to be the epitome of a mixed market. Although I have raised a very heavy amount of cash the last two sessions, my bias is to...

25Jul1:04 pmEST

Is it Safe: Update on Netflix

Much like the other "FANG" market leaders, and even the long-term chart of the Russell 2000 small caps we looked at earlier today, the Netflix chart is such that we still are not too interested in calling major bull marker tops. At the same time, though, we simply cannot be surprised if a chart like NFLX decides to take some time and correct,...

25Jul10:35 amEST

Revisiting the Full, Traditional BREXIT

As the small caps in the Russell 2000 Index flip back to red as I write this, the monthly chart for the IWM ETF provided some interesting long-term perspective. Without questions, small caps have been on a tear since 2016, namely since the BREXIT shakeout. We can see as much on the monthly IWM, below, which I have annotated for you. You will...

24Jul4:54 pmEST

Stock Market Recap 07/24/18 {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...

24Jul2:38 pmEST

The Bear Side Catches a Break

With the glaring small cap weakness deepening this afternoon, plenty of issues in the broad market simply do not reflect the triple-digit rally we are seeing in the Dow Jones Industrial Average. And despite the rotation threats we noted earlier, namely into the energy/materials/emerging market complex, not to mention large cap banks, the...

24Jul11:03 amEST

Just in Time to Catch the End of Summer

Although a majority of the name must wade through the current earnings season, there is no denying that the XME ETF weekly chart, seen below, is threatening to emerge from a consolidation pattern which has been forming since shares put in an intermediate-term top back in late-january. Since then, most of the XME names, which includes steels,...

23Jul5:03 pmEST

Stock Market Recap 07/23/18 {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...

23Jul1:30 pmEST

Strong Demand for Eye-talian Food at Olive Garden

Darden Restaurants, Inc. is perhaps best known as being the rightful owner of Olive Garden, the epitome of the Americanization of Italian food with dishes such as, "Meatball Pizza Bowl" and "Italian Nachos," just like they eat in Rome. But DRI also owns six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze,...

23Jul9:50 amEST

High Noon Standoff Approaching

We are unlikely to see resolution in the bond market before the autumn months, if at all. But the ongoing range for Treasuries continues to merit attention regarding the next directional break we see, as illustrated by the landlocked TLT daily chart, zoomed-out below. TLT is indeed a rough proxy for Treasuries, though it does capture the...