Crossing the Rubicon

12Jan3:20 pmEST

If the Market is on Yayo, Then We Must Look at Zayo

Headed into a three-day weekend, a hot broad market is still melting up as we speak. At this point, our focus in on those names which may have lagged this week but are not lagging the tape as a whole. In other words, we want to identify strong overall chart (meaning over a period of months, quarters, etc.) even if they have been quiet of late....

12Jan10:57 amEST

A Trick off the Old Blockchain

I must admit it was interesting to see Warren Buffett and his right-hand man, Charlie Munger, eschew Bitcoin and crypto currencies in general this week, throwing it largely into the same "too hard, and I don't understand it" basket they once threw virtually all of tech. And, yet, Berkshire Hathaway owns 134 million outstanding shares of...

11Jan3:26 pmEST

Stock Market Recap 01/11/18 {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...

11Jan3:15 pmEST

The Next Phase Should Be a Rather Self-Absorbed One

With stubborn shorts still not quite throwing in the towel yet in many names, the next phase of the bull may very well be upon us. Under that theory, we should begin to see some obnoxious short squeezes in heavily-shorted, controversial names like Wayfair (W), for example. Shorts may very well be correct in their analysis of these names over...

11Jan10:34 amEST

Two Losers Fighting Back

Harley-Davidson and Spirit Airlines, respectively below on their dally timeframes, are similar in that they have been much-maligned in recent quarters for falling behind industry peers and having the market justly punish them for it. HOG, in particular, has been blasted by critics for failing to adapt to the Millennial generation who want very...

10Jan3:46 pmEST

Stock Market Recap 01/10/18 {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...

10Jan3:32 pmEST

Biotech: No, No, No...No More Foreplay

For the second session in a row, the XBI (ETF for small and mid-cap biotechnology issues) is notably outperforming the broad market. However, bios have been a bit dodgy in recent weeks in terms of being able to hang onto and sustain strength. Will this time be another tease? As you can see on the XBI daily chart, below, bulls need to see a...

10Jan10:35 amEST

The Little Red Book of Rumors and Excuses

News this morning that China may be considering cutting back its buying of U.S. Treasuries not only sent TLT lower yet (even after its recent bout of weakness), but also seemingly sent U.S. stock index futures tumbling pre-market. Despite Warren Buffett opining that valuations were not too rich for equities relative to rates, we still have some...

09Jan4:35 pmEST

Stock Market Recap 01/09/18 {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...

09Jan1:43 pmEST

Crossing the Rubicon

With rates moving higher today, perhaps the bond market is finally aligning itself with the implication of the rally in many commodity-related materials plays over the last few months. As is usually the case with markets, things do not always play out in linear fashion. Moreover, rates on the 10-Year Note, for example, still must climb a good...