Reduce and Realign

04Dec1:17 pmEST

A Sizzling Sector Served Up on a Sizzling Plate

Working our way through the early-afternoon portion of the trading session, we continue to see a notable spread among the major averages as the tech-led Nasdaq lags far behind the Dow. Whether it is AMD NVDA or PYPL, we clearly have some selling interest in prominent tech names being masked by the Dow up roughly 200 points. With this in mind,...

04Dec10:39 amEST

Serious Business for Recreational Vehicles

The recreational vehicle niche within the broad discretionary sector is perhaps as much of a microcosm for the consumer as any group of stocks. In previous blog posts here and for Members, we have flagged and played names in the complex, including PII CWH THO WGO, even LCII. HOG, the iconic Harley-Davidson brand, has been the glaring laggard in...

03Dec12:14 pmEST

Weekend Overview and Analysis 12/03/17 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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 mark Please click here for more...

03Dec12:12 pmEST

Sunday Matinée at Market Chess Cinemas

There is no denying that Vincent Gallo is a different breed of cat. But his talent is equally as undeniable. Buffalo ’66 (1998) remains Gallo's finest work to date, in which he headlines the cast on top of writing and directing the low-budget independent film. A nearly unrecognizable Christina Ricci also turns in a memorable performance, as...

01Dec10:30 amEST

Clawing Back

While tech stocks (and plenty of others) continue to consolidate a bit after a steep rally, it is interesting to note that lost in the shuffle of Senate votes, the Dow, Bitcoin, and other issues is the improvement in crude oil. On the USO daily chart, below, which is the ETF for crude oil, we can see the steady progress over the last two...

30Nov4:42 pmEST

Stock Market Recap 11/30/17 {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...

30Nov1:48 pmEST

Hunting Season Not So Easy This Year

One of the more interesting aspects of what has been a busy week of market news is that standard short attacks on names like ROKU do not seem to hold as much water as they once did, this one by Citron Research. I was fortunate to sell a ROKU long on Tuesday morning inside Market Chess Subscription Services before a series of tweets and media...

30Nov10:45 amEST

Tech to Teck Keeps Bears in Check

Even though the major averages are bouncing back this morning, namely the Nasdaq after yesterday's drubbing, the bounce still underwhelms compared to the selling and volume we saw on Wednesday. Thus, despite the pattern for this market to immediately shake off all weakness this year, I am inclined to give tech another day or two to see what it...

29Nov3:49 pmEST

Stock Market Recap 11/29/17 {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...

29Nov3:48 pmEST

Reduce and Realign

Much like the photo above, it is rather easy to view today's market action as a major peak or "top." But beyond the tech drubbing, which is only one day so far, the reality is that plenty of other sectors seem to be happily enjoying sector rotation. We need to pay close attention in the coming days to see whether these rotations have legs. As...