A Gruff Exterior for an Elegant Issue

17May10:41 amEST

Playing a Little Red Store By the Little Red Book

China earnings plays this morning are a push, with BZUN up nicely but NTES getting crushed. We know BABA and BIDU have been rather impressive lately, while SINA WB have slumped. One play which seems to be overlooked these days is yum China, the China spinoff of YUM, home to fast food iconic brands like KFC, Taco Bell, even Pizza Hut. YUMC is...

16May5:22 pmEST

Stock Market Recap 05/16/18 {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...

16May2:25 pmEST

You're Not as Bullish on Chotchkie's as You Should Be

If you look at some of the moves in restaurants which have been either dead money or obliterated (or both, first getting crushed and then flatlining for years), you may be astounded to see the likes of Noodles (NDLS) up from $5.30 on January 2nd to a current price of $9.62. Other names like CMG CHUY EAT SHAK WING have made impressive moves,...

16May11:10 amEST

Adjusting to a Slower Pace

The broad market appears to continue its attempt to catch its breath after the last few weeks of wild swings and reversals. Also note that we have some major global and Fed-related headlines and events mostly in the rear-view mirror now (although the political headlines are rather fluid and will of course persist), as well as the fact that we...

15May7:25 pmEST

Stock Market Recap 05/15/18 {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...

15May12:43 pmEST

The Bonfire of the Federal Reserve's Vanities

As bond prices naturally move inversely to yields, the $117 level on the TLT (ETF for Treasuries, updated below on the weekly timeframe) coincides with 3% rates on the 10-Year Note. You will observe that the $117 level is as well-defined as can be. And bond bulls had better make the ultimate stick save here to stave of another spike in rates. ...

15May10:45 amEST

Not Thinking in Linear Terms

This morning's action in equities smacks of bears waking up from their recent hibernation and growling loudly as they search for food, as it seems as though it has been a while since we experienced a sharp opening gap down which held. However, in terms of the larger technical picture we are still keying off the 2,700 level on the S&P 500 Index...

14May3:33 pmEST

Stock Market Recap 05/14/18 {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...

14May1:29 pmEST

Slow Down There, Buddy

Much like I am sure the traffic will be hot and heavy on the Garden State Parkway down to the Jersey Shore points like Monmouth Racetrack to place wagers on sports, not to mention Atlantic City, bulls may have been a bit too zealous this morning in the face of an extended market. I have been a net seller so far today, selling more positions...

14May10:42 amEST

A Gruff Exterior for an Elegant Issue

Courtesy of NJ.com: "Sports betting coming to N.J. after U.S. Supreme Court kills federal ban." New Jersey won its long battle for sports betting Monday when the U.S. Supreme Court threw out a federal ban that has lasted for more than a quarter century. "The legalization of sports gambling requires an important policy choice, but the choice...