All Eyes on France, Again

09May4:40 pmEST

Stock Market Recap 05/09/17 {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...

09May1:41 pmEST

Once You Go Ack, You Never Go Back: Valeant Edition

Working our way through the early afternoon portion of today's session, equities remain mixed as upside momentum is not showing much sense of urgency. We still have quite a few long setups on the radar. But certainly they could stand to benefit from bulls showing a better concerted effort than the lethargic trading we have again today. A few...

09May10:44 amEST

A New Paradigm

The Amazon-eats-the-retail-world narrative reached a crescendo in recent days, it seems, as Warren Buffett himself declared his own "s tupidity" for not buying shares of AMZN. Indeed, we know Jeff Bezos has executed brilliantly deserves plenty of credit. But that pesky argument that the rest of retail must now die to commemorate the...

08May4:36 pmEST

Stock Market Recap 05/08/17 {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...

08May3:54 pmEST

Cocoa is the New Healthcare Trade

Well, that may be a bit too much of a reach, even though cocoa does have powerful antioxidants. Nonetheless, amid some notable deterioration in the biotech and healthcare sectors today (see the HZNP and KITE blow-ups, among others), note the Cocoa ETF, below on the daily chart, gapping above a tough price level on surging buy volume. Cocoa has...

08May1:40 pmEST

Test of True Green

Stocks are acting like we are already in the dead of summer trading, with neither side taking particularly much initiative today. Small caps did indeed find buyers "below" this morning, once again. But given the lack upside energy, it is tough to get too excited about $138 on the IWM holding, just yet. Apple is running way to the upside in the...

08May10:49 amEST

Retail Darwinism

On the back of news this morning that Coach is buying competitor Kate Spade in a $2.4 billion deal, both stocks are rallying in a rare sight of the acquiring firm (COH) is being applauded immediately for their business acumen by the market. Beyond that, recent blog posts have focused on the potential bullish rotation into the retail sector...

06May11:40 amEST

Weekend Overview and Analysis 05/07/17 {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...

06May11:37 amEST

Saturday Night at Market Chess Cinemas

In light of the run-off in the French presidential election this weekend dominating the headlines, if you are looking to step back from the politics of the moment and watch a great film, this French-language production is exciting and gripping, but more importantly well done. A Prophet (2009), or “Un prophète” (original title), is a terrific...

05May10:53 amEST

All Eyes on France, Again

With plenty of U.S. data and events out of the way this now, including The Fed, major earnings, and this morning's jobs number, attention shifts back to France for the run-off election to determine the next leader of the county. Given that the VIX (volatility index as measured by fear in the options market) is low and flirting with going into...