Weekend Overview and Analysis 11/15/20 {Video}

23Nov10:33 amEST

You Want Price; They Want Value

Holiday week or not, we have yet another Monday morning vaccine-driven gap higher underway. And holiday week or not, we have yet another Monday morning where the growth names in QQQ are lagging, actually flipping red as I write this (alongside AZN itself on the vaccine news). For a while now, we have posited that the high-flying growth leaders...

22Nov11:23 amEST

Weekend Overview and Analysis 11/22/20 {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...

20Nov11:46 amEST

Empty Streets; Sunny Deets

There may very well be renewed uncertainty over various virus restrictions across the country, not to mentioned the Treasury cutting Fed lending program. But you would not know it from gauging solar stocks. Various solars, be it high beta names like SOL SPI SUNW, have been hot this week, and the more standard names like FSLR (below, on its...

19Nov10:30 amEST

A Big Event, Minus Pomp and Circumstance

Back in the middle of summer it was hard not to find gold bugs and newly-converted precious mining bulls champing at the bit to trade the sector in the midst of a strong bull run. After all, The Fed just wants to print money and our politicians treat our deficits like they are a total joke. How could gold not be the answer, or at least one of...

18Nov11:35 amEST

Deicing the Boeing Chart

Although many politicians have helped to form the view that we are headed for a long, dark winter of economic restrictions amid spiking virus cases, the market has other thoughts about that. Airlines, especially DAL, are back at it again today, up around 4%, with cruise lines and casinos acting quite well, too. These are charts which I have...

17Nov3:46 pmEST

Remember: We Want the Right Kind of Boring

Consider this a quick and friendly reminder into the bell today that as we head into what many expect to be a "long, dark, winter," you should carefully select your sectors. In other words, not all boring sectors are created equally, especially if we do get that rising rate environment various sectors seem to be implying based on recent price...

17Nov11:02 amEST

Helluva Long Sequel to Enron, Jimmy

Words cannot describe how tedious it must be for famed and well-regarded short-seller Jim Chanos (pictured, left) to keep holding TSLA short amid the stock's legendary moves this year. Back during the March crash, Chanos appeared on CNBC and figured to have finally been on the cusp of prevailing in a long, hard-fought battle. Since then, TSLA...

16Nov3:55 pmEST

Insurance Stocks and Chill

As I am sure you can tell from my recent analysis and trades, I am convinced the winds of Wall Street are changing in favor of boring, deep value plays like the insurance stocks. On the KIE ETF, first daily chart, below, I wonder how many newfound traders this year will even know to track insurance stocks in this brave new world--I suspect it...

16Nov10:47 amEST

Still Ain't Got No Vaccine for Fossil Fuels

The Moderna vaccine news this morning may very well feel like a mere repeat of last Monday morning's Pfizer vaccine gap higher. However, the larger issue for me is the rotation underway. These vaccine headlines seem more like an excuse rather than grandiose catalyst for money to head into financials, insurers, energy, materials, ags, etc.. I...

15Nov11:57 amEST

Weekend Overview and Analysis 11/15/20 {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...