Riot Blockchain: You Really Are a Funny Stock!

25Oct3:44 pmEST

Keep an Eye on This

Like most macro theses, the case for higher rates has taken its sweet old time to develop. And, frankly, if we are headed in that direction then we are beholden to the market, who will take us there when she is good and ready. It is also worth noting that there are a few ways to interpret higher rates, be it justified with strong economic...

25Oct1:30 pmEST

Feels Old School Out There

The CBOE Volatility Index (popularly known as the "VIX") is finally popping today alongside the selloff in equities. Indeed, it has been quite some time since we have seen a VIX move which did not immediately get smacked down. Thus, it will be interesting to see if the move higher in the "Fear Index," as the VIX is often referred to, will...

25Oct10:47 amEST

Thing Went South in a Hurry

Chipotle is understandable at the forefront of this morning's earnings movers, as CMG failed miserably in its attempt to turn a once-dominant brand around. By all technical accounts, this earnings move down may very well usher in a fresh leg lower as Chipotle experiences the "other side of the mountain" after a spectacular bull run from...

24Oct3:37 pmEST

Stock Market Recap 10/24/17 {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...

24Oct3:35 pmEST

Let's Hope Chipotle Doesn't Mess with Texas

Chipotle Mexican Grill, Inc. is among the most visible firms reporting earrings tonight after the bell. As you know, CMG's stock has been pummeled for quarters on end amid a maturing brand, disgusting sanitary issues, and its controversial new queso (see video, below). Nonetheless, the stock has ceased making fresh lows in recent months,...

24Oct1:36 pmEST

Eastman? What Kind of Stupid Name is That?

Considering the Dow is higher by more than 200 points as I write this, the price action in many individual names is fairly subdued today. I see HMNY completely gave up a massive opening gap in what is proving to be one of the most volatile non-biotechs/non-China names I can remember. On the bright side, however, we have some stealth bull...

24Oct10:41 amEST

China Solars May Become Cute Things Again

It has been quite a while since Chinese solar stocks staged sustained bull runs--Years, in fact. Nonetheless, the solar sector at-large has mostly been on the comeback trail since mid-June. And with the domestic First Solar's earnings approaching on Thursday, we have an excellent litmus test at our disposal. In the meantime, the likes of Ja...

23Oct3:41 pmEST

Stock Market Recap 10/23/17 {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...

23Oct3:38 pmEST

A Bright Spot Today (Get it?)

Weakness in both small caps and large cap tech weighted on equites today, though it is tough to draw too many inferences from the action in front of such major earnings coming later this week. In the meantime, solars outperformed today. First Solar reports later this week. But plenty others have been acting better, a sector we have been...

23Oct1:34 pmEST

Riot Blockchain: You Really Are a Funny Stock!

Despite the appearance of satire when this news came out a few weeks ago, Riot Blockchain Inc., formerly Bioptix, Inc., continues to sport an attractive daily chart, seen below. If RIOT clears $9 again today, in fact, a long setup can be had for this highly speculative play focused on bitcoin and Ethereum blockchains. To be clear, there is...