Slow and Steady Wins the Race or Saves Face

15Feb3:42 pmEST

Time for SHAK to Win Its First Championship

If Shake Shack earnings tonight after the bell follow the recent pattern of the likes of BB TWLO TWTR SNAP, among others, we may very well see the trendy burger chain with tons of growth ahead of it finally start to turn heads as its stock turns the corner. SHAK has actually been improving technically for a while now, not unlike TWTR was too...

15Feb1:14 pmEST

Which Market is Your Way, Frank?

After a fairly obvious fade at the same area we saw swift rejection last week--The 50-day simple moving average on the S&P 500 Index--stocks are regrouping rather well as I write this. While the Nasdaq is outpacing the other major averages today, I still have an eye on the small caps in the IWM for clues. After all, the IWM was the key to...

15Feb10:37 amEST

A Real Face/Off

Teva Pharmaceutical Industries, an Israeli multinational pharmaceutical, is spiking higher this morning on news that Berkshire Hathaway disclosed a brand new stake in the firm, worth $358 million at the end of December, according to a regulatory filing . Warren Buffett and his Berkshire may very well have seen blood in the streets here, given...

14Feb3:54 pmEST

Stock Market Recap 02/14/18 {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...

14Feb3:50 pmEST

Love Means Never Having to Say You're Sorry for Buying Gold

Although it has generally been tough sledding for gold bugs since 2012 or so, gold bears have not had such an easy time since early-2016. The net result has been tons of fake-outs in both directions, with gold, silver, and their derivative miners seemingly shaking as many traders off of them as possible before the eventual directional break,...

14Feb2:16 pmEST

Inflation, You Say? Lets Go Back to the Future

Back in the first half of 2008 we had a major inflation scare, too. During that time, recall we saw commodities spiking virtually across the board, with oil rising up to $150 per barrel, for example. In fact, the inflation trade became so apparent we had ominous-looking covers on the front of famous financial publications decrying that the...

14Feb10:38 amEST

Suspension of Disbelief

While the hot inflation numbers this morning in the form of the Consumer Price Index report stole the headlines, it is also worth noting that retail sales unexpectedly dropped in January, the biggest setback in nearly a full year. This type of data initially brings out the various calls for 1970s-style "stagflation," although back then we had...

13Feb3:49 pmEST

Stock Market Recap 02/13/18 {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...

13Feb3:43 pmEST

Canada Goose was Loose

But now it is tightening up. Canada Goose, a retail standout winner in an improving sector in recent months, sold off aggressively last week. A knee-jerk reaction may very well to caste the name aside indefinitely, favoring earnings winners instead. However, this may very well prove to be a buyable dip for GOOS, which had valiantly held onto...

13Feb1:36 pmEST

Slow and Steady Wins the Race or Saves Face

The IWM, ETF for the small cap stocks housed in the Russell 2000 Index, has essentially been fighting all day today to reclaim yesterday's close of $148.16. As you can see on the intraday chart, below, we have one of the slowest sessions in February, thus far, with most indices sporting choppy, constricted ranges since the opening bell dip and...