Emerge or Diverge

24Jul2:38 pmEST

The Bear Side Catches a Break

With the glaring small cap weakness deepening this afternoon, plenty of issues in the broad market simply do not reflect the triple-digit rally we are seeing in the Dow Jones Industrial Average. And despite the rotation threats we noted earlier, namely into the energy/materials/emerging market complex, not to mention large cap banks, the...

24Jul11:03 amEST

Just in Time to Catch the End of Summer

Although a majority of the name must wade through the current earnings season, there is no denying that the XME ETF weekly chart, seen below, is threatening to emerge from a consolidation pattern which has been forming since shares put in an intermediate-term top back in late-january. Since then, most of the XME names, which includes steels,...

23Jul5:03 pmEST

Stock Market Recap 07/23/18 {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...

23Jul1:30 pmEST

Strong Demand for Eye-talian Food at Olive Garden

Darden Restaurants, Inc. is perhaps best known as being the rightful owner of Olive Garden, the epitome of the Americanization of Italian food with dishes such as, "Meatball Pizza Bowl" and "Italian Nachos," just like they eat in Rome. But DRI also owns six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze,...

23Jul9:50 amEST

High Noon Standoff Approaching

We are unlikely to see resolution in the bond market before the autumn months, if at all. But the ongoing range for Treasuries continues to merit attention regarding the next directional break we see, as illustrated by the landlocked TLT daily chart, zoomed-out below. TLT is indeed a rough proxy for Treasuries, though it does capture the...

22Jul8:37 pmEST

Weekend Overview and Analysis 07/22/18 {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 markets. Please click here for more...

22Jul12:20 pmEST

Sunday Matinée at Market Chess Cinemas

Seeing as it is new to Netflix this month, I would be remiss not to recommend one of the better films from the 1990s as a whole, not to mention the best film in what many film commentators and historians dub the "gangsploitation" genre prevalent in the early-1990s. Menace II Society (1993) is a mesmerizing film and a stunning debut for the...

20Jul10:58 amEST

Anyone Up for a Quick Trip to Brazil?

At various times it can seem as though the visible emerging markets, namely the "BRIC" countries of Brazil, Russia, India, and China, can often be attached at the hip to gold. After all, if the U.S. Dollar is rising, as it has of late, then gold often slumps as do most commodities. And, oftentimes in sympathy, emerging markets are struggling,...

19Jul6:07 pmEST

Stock Market Recap 07/19/18 {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...

19Jul1:05 pmEST

Emerge or Diverge

Working our way through the early-afternoon portion of today's session, stocks continue to sport a notable divergence, with small caps holding green and not far from an attractive upside breakout above $169/$170 (seem on the IWM ETF daily chart, below), while the Dow is struggling to hold bounces and is down triple-digits as the Nasdaq softens,...