Rough Nights at the Casino

12Aug12:14 pmEST

See No Volatility; Hear No Volatility

Amid a sudden surge of Fed heads seemingly competing to declare an imminent taper is necessary as soon as next month, markets are taking it all in stride in another docile late-summer trading session. With two weeks to go until the Jackson Hole Symposium, the VIX's ETF, VXX, is printing multi-year lows this morning. True, the actual VIX is...

11Aug10:59 amEST

So Tall, They Might Just Be Short

This remains a slow summer market, and while I recognize that equities look and feel like they will remain docile to whichever fiscal and monetary policies come their way for the foreseeable future it is worth remembering that boring summer markets have a knack for lulling us all into that precise sort of thinking. As we noted yesterday,...

10Aug4:37 pmEST

Stock Market Recap 08/10/21 {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...

10Aug10:47 amEST

You Only Need to Fear the Ladies in Red

As much as I would like to link to the Chris de Burgh song relating to the title of this blog post, I am afraid it would be lost on at least one generation of readers who would rather check out the latest song and music video by Cardi B. (featuring Lizzo, of course), as though that is something not readily seen on Route 22 gentlemen's clubs in...

09Aug3:41 pmEST

A Play Off the DraftKings for Golden Nugget Deal

On the back of the DKNG for GNOG deal this morning, many sports betting/gambling-related plays are enjoying a strong session of outperformance amid another "dog days of summer" feel to the tape, albeit a resilient one. Names like ELYS GAN GMBL are doing quite well, just to name a few. But Skillz.com (SKLZ) may be overlooked. With earnings now...

08Aug10:52 amEST

COMING SOON: My Book About Sports Betting

I am pleased to announce that I am in the final stages of finishing up a side project that I have been working on for quite some time. As you know, sports betting has taken off across the country with a domino-like effect of various state legalizations. The reality is that the ubiquity of sports wagering will only become more prominent in the...

06Aug10:45 amEST

Some Evidence Against Another Shutdown

Lost in the shuffle this week was the earnings rally in GOGO. Gogo provides an in-air platform which gives travelers information, services, and entertainment while the airlines are able to display airline-specific information. If the economy truly were on the cusp of another imminent bout of March 2020-style restrictions in the U.S., then I...

05Aug4:57 pmEST

Stock Market Recap 08/05/21 {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...

05Aug11:24 amEST

Renegade Biotechs

adjective adjective: renegade having treacherously changed allegiance. The XBI sector ETF for biotechnology issues is turning in an impressive morning, thus far, as the likes of BEAM EDIT NTLA lead the charge higher. For a good while now, we have profiled the relative and even absolute weakness in many bios, despite the jaw-dropping...

04Aug2:43 pmEST

Rough Nights at the Casino

Don't look now, but Las Vegas Sands has almost completely given back the rally off the March 2020 lows in a rapid-fire pace, not unlike a blackjack player seeing his luck turn before fully realizing it. On the zoomed-out LVS daily chart, below, in front of peers MGM and WYNN both reporting earnings tonight (LVS reported two weeks back) price is...