It's Gonna Take Patience and Time

25Apr2:59 pmEST

Enjoy the Ride

The price swings we are seeing in the IWM, ETF for the small cap-dominated Russell 2000 Index, seem improbable compared to the silky-smooth daily charts for the QQQ and SPY. And, yet, the roller coaster is a reality of the current market for small caps, with day-to-day (and oftentimes intraday) indecision reigning supreme. In times like these,...

25Apr10:38 amEST

Mmm. Mmm...Bad!

3M Company (MMM), a diversified holdings company and Dow Jones Industrial Average component, is weighing heavily on the Dow this morning after selling off more than 10%, post-earnings. As I write this, the Dow is trading lower by roughly 1%, while the small caps are quietly lower by more than 1.3%. However, tech is flashing signs of relative...

24Apr2:56 pmEST

Git You Some of That, There, Eye-talian Food

With earnings well out of the way, Darden Restaurants remains one of the more intriguing restaurant plays seemingly flying under-the-radar compared the likes of MCD SHAK WEN WING YUM, among other stocks in the genera restaurant complex. However, it is likely a mistake to overlook DRI, owner of full-service dining brands like: Olive Garden,...

24Apr10:55 amEST

From Prey to Predator

We have a mixed morning so far, with the indices lurching just above and just below the flat-line as I write this. However, it is worth noting that the Russell 2000 Index's small caps are outpacing just about all other indices. Recall that this strength comes on the back of yesterday's powerful rally, which was the first time a good while we...

23Apr5:39 pmEST

Stock Market Recap 04/23/19 {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...

23Apr3:37 pmEST

Drafting Several Prospects

With the NFL draft coming up this Thursday evening in Nashville, I am reminded of the software and cybersecurity sectors insofar as there being many talented growth "prospects" in each sector. Specifically, as we have been noticing with Members in recent videos, there are so many similar charts for names housed in the HACK and IGV ETFs that we...

23Apr9:13 amEST

Morning Prep 04/23/19 {Video}

The following video is an example of the type of analysis Members receive each morning before the opening bell. Please click here for more details about joining. I hope you find the video useful. Good luck trading today.

22Apr5:48 pmEST

Stock Market Recap 04/22/19 {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...

22Apr2:53 pmEST

Dark But Familiar Days for Biotech

This is why we look at charts--Not for our crystal ball predictions, nor for the voodoo of the craft. Instead, we observe charts to help manage and define our risk as serious speculators trading real money. On the zoomed-out daily chart for IBB, ETF for large cap biotechnology stocks, note how significant the current price level is. Note only...

22Apr10:26 amEST

It's Gonna Take Patience and Time

Gauging the post-holiday price action early on, even with the JEC for KEYW buyout offer combined with some early relative strength in bios and software it is still more likely than not that this market needs just a bit more time to reset itself before a potential new leg higher. Mind you, that fresh rally may very well come when many market...