Paying Your Dues, Like it or Not

14Jul3:40 pmEST

Communications Majors Get Their Revenge

The recent rallies in ACIA and GIMO have highlighted the strength in the communications equipment industry. Alongside software and medical device plays, I consider this to be another cornerstone of the bull case going forward. In other words, if bulls are going to continue, hold, and build on recent then we are looking for other communications...

14Jul1:07 pmEST

That's Not Paul Allen. Paul Allen's on the Other Side of The Room

Amid another appearance by Bill Ackman on CNBC today, it is probably not worth getting wrapped up in his most prominent positions, either bullish VRX or bearish HLF, in light of the many other opportunities this market is currently flashing. Both VRX and HLF, to my eye, are churning for now while Russia breaks to 52-week highs and Argentinian...

14Jul10:50 amEST

A Long-Term Look at JPMorgan Chase

After earnings this morning, and as we head into the heart reporting season for U.S. financials as a group, JPMorgan Chase is rallying nicely. The long-term look, below on the monthly chart, shows that JPM (along with WFC) is one of the few U.S. banks well above prior 2000 and 2007 highs. This type of look gets to the heart of the bull case,...

13Jul5:34 pmEST

Stock Market Recap 07/13/16 {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...

13Jul3:48 pmEST

It's Political Convention Season

As one of our Members notes, with the GOP Convention next week, followed by the DNC, plays like DGLY continues to run beyond the recent headlines across the country. It could be quite the scene in Cleveland and Philadelphia, with hopefully no injuries or serious incidents. But the reality is that the risk is elevated, and stocks like DGLY...

13Jul12:50 pmEST

Bank Are the Worth the Risk

Well, only some of them are. If we are going to do a bank job together then it is worth clarifying a few points. Latin American banks are in much better shape technically than their U.S. counterparts, overall. And, certainly, European banks are far from healed, looking at BCS CS DB as still sporting devastating charts at risk of further...

13Jul10:49 amEST

Here Come the Sambuca Shots

After several green opens in a row, as several major indices make fresh all-times with each push higher, the market is flattish as I write this with the look and feel of a general digestion day. Given the pronounced reversal off the Brexit aftermath a few weeks ago, which may as well have been an eternity, welcoming a digestif should be part...

12Jul4:51 pmEST

Stock Market Recap 07/12/16 {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...

12Jul3:43 pmEST

Going Where the Action Is

Last week we discussed the possibility for a rotation within the materials/mining complex, away from the very extended and short-term crowded precious miners and down to the global/base metals and materials miners, including steels. It appears that rotation is becoming increasingly pronounced today, with steel names picking up steam to the...

12Jul1:07 pmEST

Paying Your Dues, Like it or Not

For argument's sake, let us assume that the precious metals and mining complex are in the early phases as a sustained multi-year bull run which will not suffer any meaningful corrections (beyond 10-20%, which is fairly standard for commodities) for the foreseeable future. Assuming the above, it is still worth remembering that we are talking...