Best Buy Has the Best Geeks

10Aug3:43 pmEST

Great Expectations

Dip-buyers were soundly stuffed for virtually all of today's session, the first time the have seen that happens on this type of level in quite some time. And yet expectations remain high for bulls. You still get the sense that an abrupt rally can materialize at any moment and take us back to new highs, rather quickly, effectively trapping a new...

10Aug10:39 amEST

Korean Barbecued Momentum...Or Did It?

(North and South Korea border, pictured above) The easiest excuse for this selloff would be the geopolitical headlines we saw earlier in the week, coinciding with the downside reversal in stocks on Tuesday. Since then, talk of North Korea has largely dominated headlines, and stocks have seen meek bounce attempts. Indeed, this morning's weak...

09Aug4:50 pmEST

Stock Market Recap 08/09/17 {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...

09Aug1:04 pmEST

Oh, Those Sneaky Canadian Loan Sharks!

Beyond the standard tickers plenty of traders focus on, inside Market Chess Subscription Services we like to put in the work to ferret out some under-the-radar plays. Note that we do this for a variety of sectors and even asset classes. Thus, with the strength in the precious mining complex today, likely part of a rush to safety one the last...

09Aug10:50 amEST

Say, Something Sure Smells Rotten, Fella

Before yesterday morning's sharp upside reversal (which eventually gave way to a heavy afternoon fade) we presented Members with the following daily chart for the small cap ETF illustrating (in light blue) a bear flag pattern around the key $140 level. A bear flag is a continuation pattern which presumes the prior weakness will resume after a...

08Aug4:34 pmEST

Stock Market Recap 08/08/17 {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...

08Aug3:37 pmEST

These Diamonds Must Be Forever, Right?

The now-ubiqitous daily new all-time highs for the Dow Jones Industrial Average is under some pressure this afternoon, as the North Korea news seemed to coincide with bulls losing their initiative on the action after a solid upswing this morning. As it stands now, headed into the closing bell, the "Diamonds" ETF, as it is know, for the Dow...

08Aug10:51 amEST

Style Points for This Hidden Gem in Healthcare

Formerly known as CareKinesis, Inc., Tabula Rasa HealthCare, Inc. sure does have a more exotic ring to its name now. And updating the daily chart, below, we can see the positive impact earnings are having on the name this morning. For a while now, we have flagged TRHC intermittently for Members. But the consolidation needed some more time to...

07Aug4:56 pmEST

Stock Market Recap 08/07/17 {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...

07Aug3:28 pmEST

Best Buy Has the Best Geeks

Best Buy's stock took an initial and widely-reported hit roughly one month ago on news that big, bad, Amazon would be l aunching its own Geek Squad competitor. At the time, we noted that BBY had enjoyed an under-the-radar bull run for quite some time and, in effect, the AMZN news was likely more of an excuse than a catalyst for some...