Weekend Overview and Analysis 01/08/17 {Video}

11Jan10:53 amEST

The Long View of Merck

Drug giant Merck is up nicely this removing on news of FDA accepting the firm's application for a speedy review of its lung cancer therapy drug. MRK, like other healthcare titans ABBV LLY PFE, has been dead money, on the whole for roughly fifteen years, giving new meaning to the phrase "paid to wait" with the firm's dividend payments to...

10Jan3:49 pmEST

Stock Market Recap 01/10/17 {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...

10Jan3:48 pmEST

Long Time No Eat

Into the bell, bulls are bouncing back a bit from a mid-afternoon broad market fade. Still, we have not quite gotten decisively bullish resolution from recent index ranges. On a separate note, it is worth noting this is the first precise 200-day moving average test for Chipotle since October 2015, which is rather difficult to believe. But is...

10Jan1:17 pmEST

A Mass-Produced Algo Chart

The small caps remain at the core of the bull versus bear debate as we delve further into the winter months of 2017. Specifically, the recent relative weakness in the Russell 2000 Index has galvanized bears insofar as expecting an imminent market pullback. That may very well materialize, but we need to see the small cap actually break down...

10Jan10:42 amEST

Smelling Rotations to Ensure Survival

If the major averages are going to continue to churn, then bulls likely need to continue the daily theme of sector rotation in order to ensure that bears betting on an imminent market swoon are proven wrong again. This morning, we have some materials giants like BHP RIO VALE gapping up off the opening bell. As one of our Members noted earlier,...

09Jan3:49 pmEST

Stock Market Recap 01/09/17 {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...

09Jan3:37 pmEST

An Apolitical Inauguration Play

Love it, hate it, or phlegmatic to it, the inauguration of Donald J. Trump as forty-fifth President of the United States will take place on Friday, January 20th. In terms of "Inauguration Day" stock plays, it may be a stretch to overdo it. But MGM does have a brand new property down in Washington Harbor, not far from the White House. In...

09Jan1:07 pmEST

Red and Green, Loud and Clear

The interplay between the U.S. Dollar and precious miners is a bit more pronounced today, with the Dollar ETF (below, on the daily timeframe) dipping below a well-defined rising price channel. In light of the Dollar weakness, precious miners are breathing a more pronounced sigh of relief. In particular, the higher beta junior gold miners in...

09Jan10:39 amEST

Taylor Ham, Egg, and Biotech on a Roll

Two segments of the market stand out this morning into an otherwise soft open. Both Apple and several of its suppliers, like CRUS, are out of the gate impressively. But so are select biotechnology issues, namely ARIA EXAS and INCY. As we know, biotech struggled mightily throughout most of 2016. And if bulls can turn that ship around this year...

08Jan10:43 amEST

Weekend Overview and Analysis 01/08/17 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...