Stock Market Recap 07/31/18 {Video}

06Aug1:25 pmEST

Wynn's Chart: More Steve Wynn or Steve Winwood?

After an embarrassing string of events leading up to Steve Wynn leaving his fancy, eponymous hotel/resort empire, combined with a recent earnings miss, WYNN's stock price has not itself (nor its investors) any favors since Memorial Day. With shares sliding from just over $200 to a recent low of $146.26, investors are understandably anxious as...

06Aug10:44 amEST

The Weather Channel Office Pool Can't Touch This

Many years ago during Hurricane Katrina, The Weather Channel's live coverage of the event saw a brief on-air exchange where an on-the-scene "reporter" was joking with the anchor back in the studio that he was going to win the office pool by correctly predicting the "eye" of the storm (it was technically Buras-Triumph, Louisiana, although...

05Aug12:28 pmEST

Sunday Matinée at Market Chess Cinemas

Inspired by Dashiell Hammett's novels Red Harvest (1920) and The Glass Key, the Coen brothers' film, Miller's Crossing (1990), is a stylish neo-noir about feuding gangsters during the Prohibition era. The film stars Gabriel Byrne, Marcia Gay Harden, John Turturro, and Albert Finney. Clearly, the early stylish fingerprints of the Coen...

03Aug10:06 amEST

Excuse Me, I Believe You Have My Staples

In light of the constant Trade War headlines with China and this morning's jobs report, the major averages are mostly quiet, either slightly red like the QQQ or trying to hold green like the small caps and the S&P. Some retail names are off to a hot start, and we have a few on the Long Watchlist for Members. But one part of the market which...

02Aug3:52 pmEST

Stock Market Recap 08/02/18 {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...

02Aug10:52 amEST

Swimming the Channel This Summer

A good visual for the choppy market action we have experienced of late, with bulls and bears alternating "ah hah!" moments where they think they have the opposition cornered only to find themselves in a tough spot, is the IWM ETF daily chart, below. Those pesky small caps finally cooled off after a brilliant May/June run, but have not sold off...

01Aug3:45 pmEST

Stock Market Recap 08/01/18 {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...

01Aug3:38 pmEST

The Plan if It's Hip to Be Square Tonight

By now, we all know Tesla reports tonight, and indeed TSLA will garner much of the attention be it good or bad. But Square reports, too, as a major leader in the payments space. And if SQ can continue to surprise to the upside I would keep an eye on Total System Services, Inc., a much lesser known payments play with its own earnings out of the...

01Aug10:27 amEST

Netflix's Crime Shows Bring it Back to the Scene of the Crime

A few weeks back, the headlines screamed that Netflix sold off after earnings due to missing big on projected subscriber growth. That may be true on some level, though we know the overall growth in NFLX has been one of the more impressive stories since at least 2013, with plenty of international potential still on the horizon. One issue I see...

31Jul4:58 pmEST

Stock Market Recap 07/31/18 {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...