Sift Through the Summer Drift

10Jul10:50 amEST

Grip it and Rip It

With Topgolf establishments (owned in part by ELY, Callaway Golf) popping up around the country, the main takeaway is impressive demand by consumers for the business model of combining a bar/dining experience with a golf driving range. On that note, Drive Shack is an emerging competitor to Topgolf, with plenty of potential growth ahead in its...

09Jul4:19 pmEST

Stock Market Recap 07/09/18 {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...

09Jul3:33 pmEST

Separating from the Herd

There has been much ballyhoo surrounding the various tech IPOs in 2018. But we ought not forget about some energy IPOs like Nine Energy Services, below on the daily chart. When you consider the sector rotations taking place today, the energy IPO basket becomes all the more attractive as the OIH and XOP sector ETFs are both outperforming on a...

09Jul10:54 amEST

The Coast is Not Fully Clear

Despite a 200 point-plus rally this morning in the Dow, the Nasdaq and small caps are noticeably lagging on a percentage basis. Quite a few tech-related plays flipped red within the first twenty minutes of the session, and TWTR's selloff on the news of the firm deleting 70-million fake accounts is not helping sentiment with respect to upside...

08Jul12:41 pmEST

Weekend Overview and Analysis 07/08/18 {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...

07Jul5:19 pmEST

Saturday Night at Market Chess Cinemas

Available on Amazon Prime, Bravo! Common Men, Uncommon Valor (2011) is easily one of the best full-length documentaries I have seen in quite a few years. Kudos to co-directors Ken Rodgers and Betty Rodgers (with Ken as the writer) for brilliantly and seamlessly weaving together the stories of fifteen former Marines and Navy Corpsmen who tell...

06Jul3:10 pmEST

Let Me See Your Trade War Face

It is shaping up to be a rather amusing tidbit, regarding this week's price action in equities, that one of the few victories bears can claim is that failure of Tesla Motors to not only cement a runaway short squeeze higher after a promising rally in June, but TSLA then lost its 200-day simple moving average amid high volume selling as its...

06Jul10:58 amEST

Rays of Light for Biotech Bulls

It is tough to argue with the notion that many large cap biotechnology issues, housed in the IBB ETF, have been a drag on the sector as a whole for a good while now. While it is true that the smaller and mid-cap biotech issues in the XBI ETF have stumbled at various times, especially during the ASCO conference in early-June, the reality is that...

05Jul3:53 pmEST

Stock Market Recap 07/05/18 {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...

05Jul10:36 amEST

Sift Through the Summer Drift

Despite an opening gap higher off the overnight strength in the futures session, market players who came back off the holiday eager for energetic action figure to be somewhat disappointed this morning. Indeed, many stocks on my screens early on are well off session highs, though I am looking to see if bulls can regroup for another push higher...