Diabetes and Profits: Two Peas in a PODD

17Aug3:34 pmEST

Fed Member Earl of Sandwich was Indecisive on a Rate Hike

After the Fed Minutes today stocks are bouncing back, with the SPY over $218 now into the final moments of the day. It is still tough to become too bearish on this tape until we see sellers hold down some of these moves. While momentum to the upside has been skittish since Monday, on the whole, there are some hidden gems perking up we are...

17Aug12:53 pmEST

Taking Gold Miners One Step at a Time

Much like momentum stocks of late, gold miners are seeing the upside action cool off considerably this week. Gold (and its derivative plays) typically enjoys bullish seasonality in September. So we may simply be seeing the pause which refreshes right now. When you consider the ferocity of the uptrend since a false breakdown in January of this...

17Aug10:49 amEST

Regional Banks Forming Their Own Super PACW

Given the selling we have seen in the utilities and REITs of late, the yield-chasers may be scrambling for the exits, finally. The reason for such an exit would be a hawkish tone by the Fed, once again. The Fed has bluffed quite a few times of late and may be prepared to bluff at higher rates, once again. But the selling in the IYR and...

16Aug3:45 pmEST

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

16Aug3:41 pmEST

A Good Day to Tighten Things Up

Momentum is taking a short-term break from the market, and looking at the action I am still not necessarily too keen on calling a top. But I am also not looking to become sloppy or complacent. Therefore, I will run through an updated list of the best-acting ideas tonight for Members. I am also not going to give too much wiggle room to current...

16Aug1:09 pmEST

Zika Virus: Go with Plan Z

Unfortunately, Zika has yet to go the way of Zima. With new cases reported in Texas (as a result of travel from Miami, where we knew of cases) as well as Staten Islanders, Zika is spreading. While Zika is still far from a widespread epidemic, things may become a bit worse before they get better. My favored play is Qiagen here, the Dutch firm...

16Aug10:40 amEST

Leading from the Front

If retail is mounting a new bull run, after essentially commencing its own bear market in April 2015, it is hard not to see Dick's Sporting Goods being a leader in the space. DKS is a name we looked at before earnings, and now with that out of the way the stock is simply reinforcing the bull thesis. Specifically, the updated daily chart,...

15Aug3:40 pmEST

Stock Market Recap 08/15/16 {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...

15Aug3:38 pmEST

But Mrs. Mulwray...

"But, Mrs. Mulwray, I goddamn near lost my nose. And I like it. I like breathing through it. And I still think you're hiding something." - Jake "J.J." Gittes, Chinatown (1974) Dedicated short-sellers have not had a pleasant summer, as the Brexit limit down move in the S&P futures looks to have been a rare vacation of the "crash from the top,"...

15Aug1:15 pmEST

Diabetes and Profits: Two Peas in a PODD

The indices are grinding up today, with the small caps noticeably leading again. Adding to the bull case near-term would be the outperformance in those small caps in the Russell, on top of the impressive individual price action within many hot corners of the market. Medical devices remain as strong as any group. We continue to profile the...