Tech is Played Out: Here's Where the Action Is

10Sep10:39 amEST

The Best Casino Stock Amid a Bad Losing Streak

The multi-quarter bull runs we saw in the major casino plays, LVS MGM WYNN, all seemed to vanish like a gambler's lucky streak this summer, with all three of the majors taking a relentless pounding from aggressive sellers. At the moment, all three are rather oversold on a near-term basis and could easily bounce, as could gaming technology...

09Sep12:45 pmEST

Weekend Overview and Analysis 09/09/18 {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...

08Sep12:53 pmEST

Saturday Night at Market Chess Cinemas

Another 9/11 commemoration is fast-approaching this coming week, as the anniversary falls on a Tuesday this year. As we know 9/11/2001 occurred on a Tuesday. And this upcoming seventeenth anniversary seems surreal in terms of how many years have since passed. One film which did not receive nearly enough acclaim for its poignant, minimalist,...

07Sep1:31 pmEST

They Say You Can't Go Home Again

Putting to one side all of the talk about rates, wages, tariffs, political headlines in general, as well as the price action of the FANGs, plus the swirling headlines surrounding Tesla and Elon Musk, we ought not forget that the semiconductors are still coming to terms with their Dot-com bubble highs. As you may know, the chips were at the...

07Sep10:40 amEST

Mind-Altering Drugs and Markets Don't Mix, Bro

The image of Tesla CEO Elon Musk with a smoking blunt in his hand (and mouth) last evening during a livestream of the Joe Rogan Experience is not the best look for Tesla shareholders this morning, as the stock loses is massive $270/$280 prior support zone dating back nearly eighteen months. For a while now, TSLA has mostly been a hands-off...

06Sep3:44 pmEST

Stock Market Recap 09/06/18 {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...

06Sep3:34 pmEST

Put Down the IPA and Check Out the ITA

ITA, the ETF for aerospace and defense stocks, is flexing nicely today, which aligns with recent rotations into the most things related to industrials. Clearly, there is overlap between the XLI (ETF for industrials) and ITA. The obvious names, of course, are BA and LMT. But we always like to be rigorous and ferret out under-watched names for...

06Sep10:41 amEST

Tech Wreck: Ain't Nothing But a Chicken Wing on a String

...but not from Burger King. Another morning of tech unwinding in a rather pronounced manner, this time with Micron (MU) down more than 8% and many other tech plays in the QQQ ETF likely being sold by institutional types back at their desks after summer vacation, is an obvious blemish on the tape so far this morning. However, the sector...

05Sep4:52 pmEST

Stock Market Recap 09/05/18 {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...

05Sep2:36 pmEST

Tech is Played Out: Here's Where the Action Is

Recent blog posts have focused on rotation into financials and out of high profile growth names, mostly in tech, coming off the Labor Day weekend. In addition to banks, also note the overlooked industrials housed in the XLI ETF displaying signs of being a clear rotation beneficiary for capital looking to stay within equities as an asset class,...