Keep a Proper Distance

05Apr1:25 pmEST

Steve Madden: Making Strong Island Proud

While it may seem like a relic from the late-1990s/early-2000s , retail play Steve Madden, Ltd. is back in the game with various retail stocks heating up and clearly outperforming the market thus far in 2018. Interestingly, Long Island City-based (which is actually Queens, but to a Jersey guy they are all lumped into Long Island) Steve...

05Apr10:33 amEST

It's Been a Few Months: We Should Call That Girl Lithium Back

Back in mid-January we took a long, hard look at the various lithium-related charts and surmised that the once-hot sector was breaking well-defined (and steep) trend, effectively putting the group in the penalty box until the weather warmed up. Fast-forward a few months later (unseasonably cold temperatures and precipitation in the northeast...

04Apr3:47 pmEST

Stock Market Recap 04/04/18 {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...

04Apr3:31 pmEST

You Cannot Analyze (or Trade) the Market if You're an Emotional Wreck

Corrective markets feature emotions running fast and furiously, with market players alternating between fits of fear, panic, angst, even anger, and relief, exuberant, and joy, before repeating the same cycle over and over. The reality is that the mercurial, scatterbrained types are much more sizzle than steak in terms of trying to catch every...

04Apr12:52 pmEST

The Ichabod Crane of the Retail Sector

Quick note here about Under Armour, to follow-up on a working thesis we discussed a while back. Simply put, the stock has been going higher even on bad news for the firm , and even with the broad market correction and volatility. Earnings are coming up at the end of the month. But gauging the updated daily chart, below, note how well price...

04Apr10:39 amEST

Something's Missing from the Morning Bounce

After knifing lower on the back of a news-driven overnight futures trying session, equities staged an earnest bounce off the opening bell. Even with the Dow rallying 200-points or so off the opening dive lower, however, I remain reticent to hop back into the market on the long side with any sort of aggression for a variety of reasons which we...

03Apr3:50 pmEST

Stock Market Recap 04/03/18 {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...

03Apr3:47 pmEST

Nice Bounce; Now Let's See Which Side Gets Trapped

Corrective markets love to draw in hopeful shorts and longs alike, given the various looks we see throughout the trading session, and then close the trap door shut with abrupt moves in the opposite direction. In today's tape, though, we have bulls apparently regrouping after a poor showing just a few hours ago as the QQQ flipped red. Thus,...

03Apr1:14 pmEST

Gold: The Future Holds Many Surprises

While today's softness in the precious metals and mining complex may seem like another in a long line of letdowns for gold bugs, it is worth nothing that a bullish interoperation of this action would suggest the backing and filling is far more constructive for the intermediate-term picture than the previous sharp pops-and-drops we have become...

03Apr10:24 amEST

Keep a Proper Distance

While there are plenty of headlines to harp on regarding the recent market price swings and general volatility, a recurring visual motif on this website and for Members has been the weekly chart for the small cap-dominated IWM, ETF for the Russell 2000 Index. Specifically, the significance of the two-year (plus) support trendline which has...