Don't Play Taps for Retail, Just Yet

15Feb10:43 amEST

You Can Almost Feel the Heat

You may be wondering what is "going on" with the stock market these days. After the historically rough fourth quarter, namely December and the holiday season, stocks put in a bottom on Christmas Eve and have not looked back ever since. Along the road higher, we have seen one call after the next for the market to roll back over and print fresh...

14Feb4:40 pmEST

Stock Market Recap 02/14/19 {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...

13Feb4:53 pmEST

Stock Market Recap 02/13/19 {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...

13Feb3:38 pmEST

Who's in the Mood to Buy a $2,000 Spaghetti Pot?

On the back of the recent surge in Lovesac (LOVE), as well as other home furnishing-related retail plays, not to mention the improving homebuilders, it is likely only a matter of time before we see event likes of Williams-Sonoma, Inc. (WSM) rally, too. Williams-Sonoma is known for selling some of the most overpriced kitchen items you can...

13Feb10:48 amEST

A Little Sting is Part of Nature

After oscillating since reporting earnings last night, emerging software star Twilio is back to selling off as I write this. TWLO is not getting demolished by any stretch, down about 4% currently. However, bulls may feel a slight sting from the action considering the stock appeared ripe for a blast-off type of move in the pre-market after...

12Feb5:02 pmEST

Stock Market Recap 02/12/19 {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...

12Feb3:39 pmEST

Another Trap House for Homebuilders?

To follow-up on some blog posts over the last few weeks, it looks as though the homebuilders have finally woken up. Once the XHB ETF, updated, below on its daily timeframe, successfully reclaimed the $36 level bulls sure seemed to be galvanized by that development. And today's candlestick furthers that notion, with a solid green candle and no...

12Feb10:54 amEST

It's the Reaction to the Reaction

After initially dipping on its earnings report, shares of Under Armour are now impressively higher on the session as I write this. On the UAA daily chart, updated below, we can see today's candlestick (arrows) being formed had threatened to break a sideways, multi-week base consolidation lower before buyers stepped in and ripped the stock the...

11Feb3:46 pmEST

Still on the Prowl

Despite the sleepy market action today, or perhaps because of it, bulls are still far from feeling threatened in terms of bears succeeding in rolling this tape back over. Simply put, the old axion about not shorting dull markets has generally survived the test of time on Wall Street for good reasons. Furthermore, the small cap outperformance...

11Feb10:58 amEST

Don't Play Taps for Retail, Just Yet

During the swoon we saw to close out 2018, not to mention parts of January when department store titans like Macy's and Nordstrom gapped down violently, retail stocks suffered a fair amount of damage even compared to other sectors during the correction. However, some intriguing names have been popping up of late, including the likes of Lovesac...