Stock Market Recap 06/03/21 {Video}

10Jun11:19 amEST

Some Hors D'oeuvres Out of the Way

Although it may seem like we have just had some major events, between GME earnings and then the CPI data this morning, the reality is that those are mere hors d'oeuvres compared to the coming FOMC next Wednesday. Thus, even as equities appear initially to have absorbed a hot CPI reading fairly well so far this morning after initial whipsaws off...

09Jun3:27 pmEST

GameStop Battle At Dusk

As recently as early-January of this year, it would have been hard to fathom that any given GameStop earnings report would have much of an effect, if any, on virtually any other stock in the market beyond GME itself. And, yet, as we head into GME earnings this evening after the bell, a colorable argument can be made that much of the near-term...

09Jun10:44 amEST

The Daily Squeeze

It will not last forever, and it may very well be headed for trouble tonight with GME earnings, but the daily squeeze continues amid a mixed tape this morning. Two ideas which are not extended, heavily-shorted, and participated to some degree in the meme stock bonanza last winter are: Macy's (M) and Tootsie Roll (TR), both coiled up...

08Jun4:21 pmEST

Stock Market Recap 06/08/21 {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...

08Jun10:02 amEST

Wendy's: Closing it on Reddit

With a revamped and innovative menu, many updated stores, and probably the most appealing corporate social media account out there, it was not necessarily an easy decision for me to sell Wendy's as a long-term investment this morning. However, as I just noted in an email to VIP Members of the long-term investing arm of the service, the...

07Jun3:16 pmEST

A Party is a Party is a Party

It may be just a lull before the FOMC next week, if not GME earnings later this week, but the small caps in the IWM (ETF for the small cap-dominated Russell 2000 Index, on its daily chart, below) is making its case today that a viable, multi-month breakout could be in the works. You can see for yourself how significant the $230 level has been...

07Jun10:43 amEST

Not Quite the Tangiers, But It'll Do

Headed into GameStop earnings on Wednesday evening, quite a few retail and indeed "meme" stocks at-large are stealing the show again this morning amid a quiet tape. Most plays which are related to the retail/re-opening complex and heavily-shorted seem to be in the sweet spot, including names like AMC GOGO MAC. Along the lines of Macerich (MAC)...

06Jun9:11 amEST

Weekend Overview and Analysis 06/06/21 {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...

04Jun11:26 amEST

Just Say the Word, Oh, SPAC-SPAC-SPACicide

News that Bill Ackman's SPAC, Pershing Square Tontine Holdings (PSTH), is considering buying 10% of Universal Music Group from Vivendi (the French media conglomerate) which values the music company at around $42 billion, getting the Bronx cheer from the market today. As I write this, PSTH is down more than 13% on the session and, more...

03Jun4:16 pmEST

Stock Market Recap 06/03/21 {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...