A Hawkish Rejection

29Sep1:26 pmEST

A Surprising Choice

Given some of the recent strength in the ag complex, one would think that the grains (corn, wheat, etc.) would be faring a bit better than they have of late. Still, on the back of an active and, at times, devastating hurricane season, combined with the increase in demand and widely-accepted health benefits of darker chocolate it is no wonder...

29Sep10:47 amEST

They Don't Need Virtual Reality in Russia

Lost in the shuffle of this bull run in equities is the rather distinguished price action in RSX, the country ETF for Russia. While it is certainly true that emerging markets, in general, have been turning in impressive action virtually all year, the recent pullbacks in India, China, and Brazil (the other three components of the BRIC acronym)...

28Sep3:58 pmEST

Stock Market Recap 09/28/17 {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...

28Sep3:48 pmEST

Let's Get Ready to Roku

The streaming software and device manufacturer Roku Inc. (ROKU), which turned in a pretty good first day of trading by the way, reminds me that bulls want to see a notable uptick in virtually all forms of animal spirits here to accompany the Russell breakout. Beyond IPOs, some more mergers & acquisitions activity is something we have noted...

28Sep1:13 pmEST

The Unsinkable Conglomerates

Although it may seem as though the big, bulky media conglomerates (see: CMCSA's $178 billion market cap, for example) are the epitome of safe investments and virtually unsinkable, the same was said about the RMS Titanic before its maiden voyage from Southampton to New York City. And, yet, even in this historically resilient bull market, the...

28Sep10:44 amEST

Patience and BlackBerries Are Bitter

After a disappointing summer, it is no wonder that BlackBerry bears reverted to their war chant which has worked marvelously for many years now, decrying that BBRY was bound to go the way of the rotary phone. However, the company seems to be aware of its image and long-gone leadership status in tech from over ten years ago now. And they are at...

27Sep3:51 pmEST

Stock Market Recap 09/27/17 {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...

27Sep3:50 pmEST

Carrot and Stick

The spike higher in rates today, as seen by TLT selling off rather aggressively, is sure to bring out plenty of calls for equities to buckle under that pressure. On that note, it is worth remembering that equities are often seen as the, shall we say, less intelligent younger brother of the credit market, where the latter usually has an...

27Sep1:15 pmEST

Baked in the Healthcare Cake

Small caps continue to dazzle, housed in the IWM ETF for the Russell 2000 Index, as we work our way through the early-afternoon portion of the trading session. While IWM remains extended, as we have seen that has not been a good short trigger at all. So instead of trying to time an index top, we have been seeking out sector and stock...

27Sep10:46 amEST

A Hawkish Rejection

The market appears to be embracing Janet Yellen's recent hawkish tone, as Treasuries are selling off hard this morning. Regardless of the reason, though, rates are on the rise and it will be interesting to see if equities take it in stride, as usual. But with TLT dumping, the rate-sensitive sectors, such as utilities, consumer staples, and...