Reminder: Your Quirky, Charismatic CEO is a Double-Edged Sword

03Oct1:58 pmEST

Speeding Without Getting Into Trouble

The energy sector rotation continues to play out, with once-downtrodden natural gas suddenly looking unstoppable behind surges of buy volume to confirm the price breakout. Quite a few energy stocks are becoming short-term extended, which is not necessarily a sell signal or even a reason for caution if this is truly just the beginning of a new...

03Oct10:23 amEST

Wynn and Sands Have Terrible Charts; But They Were Suited

Recent blog posts regarding the gaming sector have mostly focused on the outperformance of ERI, Eldorado Resorts Inc., a mid-cap gaming play with tons of growth in the more intriguing parts of the country like the Reno, Nevada area and the Texas/Louisiana border. Penn National Gaming, Inc. (PENN) is also worth a mention. But, mostly, the rest...

02Oct3:41 pmEST

Stock Market Recap 10/02/18 {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...

02Oct2:51 pmEST

Tough Luck, Lonnihan

Seeing the Dow up triple digits again as I write this reminds me of some of the "setup" con jobs in the The Sting (1973), where nothing was as it seemed to the sucker or mark in the con. Specifically, small and micro cap issues continue to struggle mightily, with the IWM off by more than 1% and completely ignoring oversold conditions. ...

02Oct10:45 amEST

That'll Slow You Down

While certainly not representative of the entire market, the persistent weakness in the small and micro cap stocks this morning in the face of oversold conditions (not to mention a sizable selloff yesterday) is enough to force me to reduce my long exposure, taking down wins where I have them and cutting losses while they are still contained. ...

01Oct4:17 pmEST

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

01Oct1:12 pmEST

Always Drink Upstream from the Herd

In today's Midday Video for Members, we will flesh out specific ideas regarding the XOP ETF, second below on its daily timeframe, as the exploration/natural gas plays in energy continue to thrive. That XOP strength is juxtaposed with the IWM small cap weakness, seen below on the first daily chart. Note the touch and reverse down off the 50-day...

01Oct10:40 amEST

Rays of Hope for a Turnaround

It has been a while since we updated retail sportswear play, Under Armour. On the daily timeframe, below, one aspect of the chart which stands out of late is the strong pattern of buy volume, denoted on the bottom pane. With consistent spurts of upticks in big buy volume bars, the stock seems rather comfortable holding over $20, which seemed to...

29Sep10:51 pmEST

Saturday Night at Chess Cinemas

Simply put, Leaving Las Vegas (1995) is a beautiful film. You may hear others use different adjectives, such as "sad," "depressing," even "gross," but there is no denying the quality of the character development. And there is certainly no denying the powerful performances by Nicolas Cage and Elizabeth Shue. The soundtrack is legendary, and...

28Sep10:03 amEST

Reminder: Your Quirky, Charismatic CEO is a Double-Edged Sword

News of CEO Elon Musk being charged with fraud by the SEC is sending shares of Tesla down hard this morning, off by 11% as I write this. While it remains to be seen just how harshly Musk is actually punished, we traders ought to be far more concerned about the notion of getting involved with TSLA in any way, shape, or form as long as the...