These Charts Need More Law & Order

19Oct1:40 pmEST

Hot Cocoa Season or Something Like That

Equities are mostly well off session lows as I write this, though the Nasdaq is still down by more than 0.5% and a further late-day slide can certainly not be ruled out. As always, on days like today we will be focusing for Members on relative strength outperformers in case equites immediately turn back up and burn bears again. I remain...

19Oct10:41 amEST

The Race is On

After sleepwalking for many trading sessions now, bears are at least trying to make things interesting this morning into a broad market gap down. Indeed, if we are to see some type of market correction before 2017 concludes, then the clock is ticking for bears to make that happen before we dig into the slow, low volume holiday portion of...

18Oct3:52 pmEST

Stock Market Recap 10/18/17 {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...

18Oct3:50 pmEST

Here Comes United Airlines

United earnings tonight, in addition to AA EBAY AXP URI STLD CCI, and a few other big ones. It will be interesting to see if UAL can put its rocky year (in terms of image, public relations, etc.) behind it and move on to keep up the technical process the chart has been attempting the last few weeks. Overall, IBM certainly boosted the Dow...

18Oct1:31 pmEST

Don't Feed HOG to the Hogs, Just Yet

The recreational vehicle segment within the discretionary/retail complex has generally been faring well of late, flying under the radar of many. We have profiled Camping Word (CWH) for RVs. But also note PII THOR WGO, even BC (boats) sporting firm charts. One of the more obvious laggards has been the iconic brand, Harley-Davidson Motor...

18Oct10:44 amEST

The Big Blue Sinkhole Shows Life

The Dow Jones Industrial Average is up by triple digits this morning, even as the Nasdaq Composite Index has intermittently been flashing red since the open. The Dow can thank, in large part, IBM ("Big Blue" as it known), for an earnings rally. Long-time readers will recall IBM is a name we had consistently been bearish on since around...

17Oct4:04 pmEST

Stock Market Recap 10/17/17 {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...

17Oct3:54 pmEST

The Dow is the Head Coach

Another day where the Dow strength seems to be masking a bit of sluggish action underneath the hood of the car. Clearly, bears need more violent downside moves. However, with an ugly GS post-earnings reversal, NFLX fading a bit, and small caps dipping, backing away from too much aggression on the long side makes sense, too, in front of IBM and...

17Oct1:33 pmEST

A Sonic Boom for This Sector

On the back of an earnings rally from Sonic, restaurant stocks are mostly catching a decent bid amid an otherwise painfully slow trading session. With plenty of earnings still ahead of the sector, it is tough to get too excited just yet about the breakouts in, say, Texas Roadhouse, below on the daily chart and with earnings on October 30th. ...

17Oct10:38 amEST

These Charts Need More Law & Order

Despite the Trump Administration's tough stance on crime and criminals, the prison stocks, CXW GEO, have been noticeably cooling off since the spring months. Recall that the private prisons (also functioning as REITs) rallied sharply in the wake of Trump's surprise victory last November. But now comes the true test of mettle, as both daily...