You Cannot Completely Avoid the Drama

12Jun3:39 pmEST

Stock Market Recap 06/12/17 {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...

12Jun3:37 pmEST

OMER Took an Omertà

A little bit of a creative license taken with that blog post title on a slow, June afternoon does not change the fact that Omeros (first daily chart, below) is the visible winner in biotech today. Note the tight base breakout. Holding $17 now would be a very bullish development for the Seattle-based biopharmaceutical company. OMER is keeping...

12Jun1:41 pmEST

A Lingering Appetite

To revisit a working thesis we discussed previously, the notion that the transition from Obama to Trump would automatically mean a much more bearish stance on the firearms plays seems to be quietly under heavy scrutiny by the market right now. And rather than become redundant on the short-term rotation out of tech, it is all the more alluring...

12Jun10:28 amEST

Exxon, Risk Off

A fairly obvious rotation out of technology/discretionary leaders, such as AAPL AMZN FB GOOGL, among others, is materializing this morning on the back of the same theme to close out last week. While the Nasdaq is at least undergoing a shakeout, if not more, what seems to be keeping things afloat on many levels is the lifeblood of a bull market:...

11Jun10:45 amEST

Weekend Overview and Analysis 06/11/17 {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 mark Please click here for more...

11Jun10:40 amEST

Sunday Matinée at Market Chess Cinemas

It is probably a contrarian point of view, but I have always thought there was something off about Quentin Tarantino’s films. Granted, he has made some entertaining ones. But they are not quite on the level of genius or even excellent films that many would have you believe. As an alternative to some of Tarantino’s campy films, consider Out of...

09Jun1:43 pmEST

There's No Nation Like Rotation

What's the best nation in the world? Donation. What's the best city in the world? Generosity. An abrupt rug-pull this morning in hot momentum tech darlings, like NVDA , and even AMD AAPL TSLA, among others, is applying pressure to the bull thesis for continued sector rotation to keep this market uptrend afloat headed into the FOMC next...

09Jun10:57 amEST

Double Indemnity When This Rotation Occurs

In addition to financials and small caps stealing headlines for being rotation beneficiaries this week, the often overlooked insurers in the KIE sector ETF are threatening to benefit as well. On the KIE daily chart, below, now how quiet the insurers have been as a group since March. A push above $88 now should trigger a breakout. And looking at...

08Jun3:46 pmEST

Stock Market Recap 06/08/17 {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...

08Jun3:44 pmEST

You Cannot Completely Avoid the Drama

The Comey testimony today was largely a non-event for stocks, as the larger issue for traders focused on price action in lieu of politics was the rotation back into small caps and banks, like Citi, for the most part. In addition, the XME (ETF for materials miners) staged an impressive rally, with beaten-down winners from 2016 like CLF and TECK...