Stock Market Recap 08/02/21 {Video}

09Aug3:41 pmEST

A Play Off the DraftKings for Golden Nugget Deal

On the back of the DKNG for GNOG deal this morning, many sports betting/gambling-related plays are enjoying a strong session of outperformance amid another "dog days of summer" feel to the tape, albeit a resilient one. Names like ELYS GAN GMBL are doing quite well, just to name a few. But Skillz.com (SKLZ) may be overlooked. With earnings now...

08Aug10:52 amEST

COMING SOON: My Book About Sports Betting

I am pleased to announce that I am in the final stages of finishing up a side project that I have been working on for quite some time. As you know, sports betting has taken off across the country with a domino-like effect of various state legalizations. The reality is that the ubiquity of sports wagering will only become more prominent in the...

06Aug10:45 amEST

Some Evidence Against Another Shutdown

Lost in the shuffle this week was the earnings rally in GOGO. Gogo provides an in-air platform which gives travelers information, services, and entertainment while the airlines are able to display airline-specific information. If the economy truly were on the cusp of another imminent bout of March 2020-style restrictions in the U.S., then I...

05Aug4:57 pmEST

Stock Market Recap 08/05/21 {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...

05Aug11:24 amEST

Renegade Biotechs

adjective adjective: renegade having treacherously changed allegiance. The XBI sector ETF for biotechnology issues is turning in an impressive morning, thus far, as the likes of BEAM EDIT NTLA lead the charge higher. For a good while now, we have profiled the relative and even absolute weakness in many bios, despite the jaw-dropping...

04Aug2:43 pmEST

Rough Nights at the Casino

Don't look now, but Las Vegas Sands has almost completely given back the rally off the March 2020 lows in a rapid-fire pace, not unlike a blackjack player seeing his luck turn before fully realizing it. On the zoomed-out LVS daily chart, below, in front of peers MGM and WYNN both reporting earnings tonight (LVS reported two weeks back) price is...

04Aug10:01 amEST

Going Stag

This morning's notable miss on the ADP jobs number saw and interesting reaction, with gold popping and stocks slumping. While this is far from a broad-based bloodbath (see the Nasdaq hanging tough as usual), gold is on the move again, indeed, perhaps indicating a stagflationary interpretation by markets. As you know, the stagflation of the...

03Aug3:46 pmEST

Look Here for the Next Play to Stick it to the Suits

With many "meme stocks" like AMC GME dripping lower and not showing much life for a while now, it may be worthwhile to turn your attention towards the energy sector if you are looking for potential new short squeeze plays to really stick it to the "suits." Fresh off earnings, Omaha-based Green Plains Inc. (GPRE, daily chart, below) is one of...

03Aug10:58 amEST

New York City Proof of Vaccines: You Got a Gift, My Friend

One of the big news items this morning is out of New York City, where Mayor Bill de Blasio mandated proof of vaccines for a range of indoor venues, from employees and customers of indoor eateries, to gyms, and entertainment centers like MSG. The order goes into effect August 16th, with full enforcement beginning September 13th. De Blasio said...

02Aug4:31 pmEST

Stock Market Recap 08/02/21 {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...