A Roundabout Way to Get Back

10Aug3:36 pmEST

Sicilian Revenge

SHAK earnings are tonight, another chart which was drilled visually nonstop starting in March 2015 but has shown some signs of recovering of late, trading back over its 200-day moving average, example. Much like TWTR and especially YELP, we have some of these junior social, internet, and emerging theme names (SHAK for the fast casual, upscale...

10Aug1:15 pmEST

Exxon, X Off

Much like tobacco firms, Exxon Mobil is used to being seen as the villain in global capitalism. Recently, XOM has been a bastion of safety in a very volatile energy complex, as the elder statesmen in the large cap, integrated space served as a store of value, on the whole, while MLPs were liquidated and smaller/mid-cap energy firms were...

10Aug10:50 amEST

The Train Did Not Leave the Station Yet

A major part of analyzing markets and trading is being able to constantly revisit a given thesis and update it as objectively as possibly; being willing to entertain several scenarios and then seeking to narrow down based on odds and probabilities. In the case of some major consumer leaders over the last several years, we have seen a changing...

09Aug4:39 pmEST

Stock Market Recap 08/09/16 {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...

09Aug3:42 pmEST

Maxim Going Straight GQ

Even though they are not necessarily tied at the hip it is still impressive to see quite a few semis completely ignore the MXL earnings carnage today. Maxim, in particular, remains a strong chart on its own merits on top of being an attractive buyout target. On the daily chart, below, note the MXIM tight basing action up here even after its...

09Aug1:14 pmEST

The Most Valuable Commodity I Know of is Information

The information gleaned from this particular earnings season should not be overlooked, for I suspect it will form part of a separation process into the autumn where we see which firms in the hottest sectors truly sustain uptrends, and which take a backseat. Case in point: Recent strong software plays have reported within the last two weeks,...

09Aug10:44 amEST

Time to Play Chopsticks at These Stores

Two discount retail stores are sporting impressive charts into the latter portion of summer. We have been tracking OLLI for a while, and one of our Members also noted BIG with similar base in the context of an overarching uptrend. So while many other segments within the retail sector are merely trying to prove a bottom, these two plays are near...

08Aug4:48 pmEST

Stock Market Recap 08/08/16 {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...

08Aug3:49 pmEST

Hey, Remember Me? Benny Blanco from the Backtest

Into the closing bell, I still have my eye on the $10.80 level above for USO, ETF for crude oil. Given the bounce we have seen in Black Gold, the first stop is the USO 20-day moving average where we are now. But, after that, if bulls hold serve, the $10.80 level which we have looked at so many times as marking prior support and resistance is...

08Aug1:07 pmEST

A Roundabout Way to Get Back

After topping out in late-2013, high end auction house Sotheby's is essentially back up to where it was in the summer 2014, two years ago now. As you can see on the zoomed-out monthly, below, BID acted as a proxy for bull/bear cycles since the early-1990s, for a variety of reasons. However, since 2013 no such close correlation has followed...