Stock Market Recap 09/21/17 {Video}

26Sep10:48 amEST

Yum Yum; Bad Yum

Despite a sharp selloff in China stocks yesterday, the Yum! Brands China spinoff, YUMC, looks to be setting back up on the long side with a far superior daily chart to its parent company. The first daily chart, below, is the main company which owns the KFC, Taco Bell, and Pizza Hut fast food franchise brands. After a 2016 spinoff, YUMC...

25Sep3:54 pmEST

Stock Market Recap 09/25/17 {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...

25Sep3:52 pmEST

SolarEdge Appropriately Living on the Solar Edge

Headed into the bell of an interesting trading session, it is worth noting amid the solar carnage of late (FSLR today, also RUN SPWR VSLR, even JKS failed breakout), that the Israeli solar SEDG is hanging tough. Note how well the daily chart, below, ignoring some brutal sector selling, a disappointment no doubt given promising action...

25Sep1:31 pmEST

Who's in and Who's Out?

Amid some more Nasdaq selling today and the rotations we noted this morning, it is also worth keeping tabs on the precious miners vis-à-vis the current U.S. Dollar relief rally. Indeed, if the gold miners can continue to rally off their ETF's 50-day moving average (see GDX, first daily chart, below, dark blue line) even as the greenback...

25Sep10:45 amEST

Fashion Always Comes Back Around

On the back of the retail rally we noted late-last week, there is some more pronounced rotation taking shape this morning. Specifically, the "FANG" names, which compose a fair amount of weight in the QQQ (Nasdaq ETF) are being sold rather harshly, not to mention PCLN, as well. Apple has also been pulling back after its recent event, struggling...

24Sep12:42 pmEST

Weekend Overview and Analysis 09/24/17 {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 mark Please click here for more...

23Sep3:41 pmEST

Saturday Night at Market Chess Cinemas

Ed Wood (1994) pulls off the feat of trying to make a very good movie about a real-life terrible film director. This would be one of many famous collaborations between Director Tim Burton and star Johnny Depp. Memorable performances by Depp, the late-Martin Landau, and Sarah Jessica Parker make this black and white comedy-drama worth...

22Sep1:33 pmEST

Too Close for Comfort

We have a fairly slow-paced trading session shaping up on this unseasonably warm (in the northeast) Friday. Typically, the slow pace of the action in the context of an overarching uptrend would seem to favor the bull theory that we are simply witnessing a well-deserved consolidation which ought to soon be setting up fresh, lower risk long...

22Sep10:50 amEST

Summer is Over for Apple

On this official first day of autumn, Apple is seeing an abrupt end to its summer vacation. For the most part, AAPL enjoyed a strong rally after July 4th. The Dow component remains a major part of the QQQ ETF, too, and is also a Warren Buffett holding. Incidentally, Mr. Buffett claims he has not plans to sell his shares anytime soon. In light...

21Sep3:56 pmEST

Stock Market Recap 09/21/17 {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...