Choose Substance Over Style

15Jun3:41 pmEST

The Same Menu

As it turns out, the Fed is not quite ready to really take away the punch bowl, so to speak. Stocks are yawning off the Fed decision and presser today, at least for now. The real story may be crude oil weakening while miners rally. I will discuss that in more detail in my recaps tonight. We are also looking to see if the VIX makes a higher low...

15Jun1:07 pmEST

Oh, Snap! It's More Than Andrew Left

Increasingly famous Citron short-seller, Andrew Left, is making noise for noting Facebook as a short idea in light competition from Snapchat. Since 2013, FB has been a bonafide market leader, along with AMZN an outright monster in the Nasdaq and enjoying a seemingly innocuous uptrend during that time. Indeed, there have been some vicious bear...

15Jun10:45 amEST

All There for the Taking

In light of the LNKD buyout to start the week, TWTR continues to bounce back sharply. In addition, other social firms, like P YELP, even branching out to GPRO, seem like they are now much more in the running for a payday of their own. Of course, it rarely pans out that way, with an entire group of stocks all getting gobbled up at once. But...

14Jun4:50 pmEST

Stock Market Recap 06/14/16 {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...

14Jun3:25 pmEST

Close Enough for the Mile High Club

It has been an impressive few years for the airline industry at-large, staging a comeback and sustained rally after many had considered the space the epitome of dead money. But the majors, like AAL DAL UAL, all sought to improve their business models and keep up with the times, even if the flying experience is more of an undignified hassle than...

14Jun12:43 pmEST

An Oasis in a Big Forest

It is easy to lose track of the individual stocks holding up very well into this market pullback, given the news flow and volatility spike. But in the event that once the Fed and Brexit news is behind us the market resumes higher this summer, I suspect names like Zendesk, which we have noted previously, will continue to outperform. ZEN, like...

14Jun10:29 amEST

Do One Thing with the Rumor, Do Another with the News

Before the Fed Meeting Announcement tomorrow afternoon, and then the Brexit vote next week, it is interesting to see various markets aggressively price in certain outcomes. Specifically, banks and Treasuries seems to be pricing in no rate hike by the Fed and rather dovish language to boot, with the XLF (financial sector ETF) falling hard over...

13Jun4:43 pmEST

Stock Market Recap 06/13/16 {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...

13Jun3:34 pmEST

Back Above the Mendoza Line

The CBOE Market Volatility Index, or VIX, which is considered to measure fear according to the options market, is shooting higher today after flashing signs of life last week for the first time in a good while. Back over 20, the VIX is crossing over the "Mendoza Line," so to speak, where it begins to take on some significance of typically a...

13Jun1:09 pmEST

Choose Substance Over Style

On the periphery of the commodities' complex for most traders can usually be found the likes of steels and solars, even chemical plays. The flashy, enticing plays seem to be solars--After all, solar power has repeatedly been claimed as the energy of the future, cost-effective and green, while steels, chemicals, etc., are seen as old hat. ...