The "Take Your Typewriter to the Coffee House" Phase of the Rally

27Jul10:36 amEST

The Official Theme Song for Team Twitter

It's gonna take time A whole lot of precious time It's gonna take patience and time, um To do it, to do it, to do it, to do it, to do it To do it right child Got My Mind Set on You -George Harrison The Facebook gap higher after earnings today stands in stark contrast to another unforgiving market reaction to Twitter's. At the moment,...

26Jul4:37 pmEST

Stock Market Recap 07/26/17 {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...

26Jul3:14 pmEST

Eyes Wide Shut to This Mask

Although we have seen a fairly muted reaction to the Fed, thus far, the most concerning aspect about today's price action in equities is that the stodgy, mega cap names in the Dow seem to be masking weakness in the small caps. And that spread is only more concerning as I write this, with IWM pushing session lows while the likes of Boeing in the...

26Jul9:58 amEST

Royal Gold in a Fool's Gold World

Gold bugs can only hope that their precious miners follow the lead of some of the more industrial materials miners this summer, namely BHP FCX PKX, among others, in terms of waking up from a multi-quarter correction. At the moment, though, they are staring down the business end of a fresh FOMC decision and statement later today, not to mention...

25Jul3:49 pmEST

Stock Market Recap 07/25/17 {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...

25Jul3:48 pmEST

The Rest of This Week: Let's Rock

Between CMG WYNN earnings tonight, among many others, followed by the FOMC tomorrow and a full plate of macro data into the rest of the week (on top of more major earnings like AMZN), the market is just getting warmed up. I wound up being a net seller today. But there are still plenty of attractive setups and potential rotations as do the...

25Jul1:36 pmEST

Many Mickles Make a Muckle

One of the main reasons we like to regularly look at longer-term timeframes, even as traders, is to gain better perspective of a stock's big picture in terms of price action. Regarding the prominent copper miner, Freeport-McMoran, on the back of a sharp earnings rally today, we can see the monthly FCX chart, below, indicate that today's rally...

25Jul10:10 amEST

Making Columbus, Ohio Proud

Although they seem to have lost some of the allure which attracted momentum players to the sector last year, steels are steadily improving this summer. Not only have the likes of NUE and STLD survived their respective earnings reports last week, their daily charts are impressive relative to peers insofar as seeing price now hold back over all...

24Jul3:46 pmEST

Stock Market Recap 07/24/17 {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...

24Jul3:42 pmEST

The "Take Your Typewriter to the Coffee House" Phase of the Rally

The price action in FIZZ, a favorite in the "hipster" community due to the thriving LaCroix brand, is almost symbolic of the market at-large---You may despite the persistent underlying strength in stocks, just as many resent the "hipster" movement, but there has been little to slow it down. Simply put, you cannot stop hipsters--You can only...