Weekend Overview and Analysis 07/16/17 {Video}

19Jul1:41 pmEST

This Market May Need a CARB Refeed Day or Two

We spent the morning locking in some gains on extended longs while rolling some capital down to stocks setting up nicely to follow the Nasdaq's momentum higher. While it is true that a rug-pull can materialize at any moment, we do not exactly have a furious buying frenzy out there as the pace of the action still smacks of a summer drift...

19Jul10:29 amEST

Looking for the Next Conn's Job

Small cap stocks are threatening a major breakout, once again, this morning, as the IWM ETF for the Russell 2000 Index, cleared the pivotal $142.50 area earlier and is outpacing all major averages as we speak. That said, the overall price action of the tape has a summer feel to it, with breakout plays mixed and the market selectively giving...

18Jul4:57 pmEST

Stock Market Recap 07/18/17 {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...

18Jul12:53 pmEST

No Big Deal: Just a Nine-Year Bear Market Bottom, Part II.

To update this blog post from May 17th, the Euro certainly appears game to take advantage of the weakening U.S. Dollar this summer (gold and her miners would be wise to do the same, indeed). On the FXE (Euro ETF versus a basket of currencies) monthly chart, below, note how Euro bulls have done a valiant job of defending against a new leg...

18Jul10:50 amEST

Bottom-lining This Little Payment Riff

Bottomline Technologies (NASDAQ: EPAY) seems to have gotten lost in the shuffle of this little (or big) payment processor/digital payment growth story, where PYPL SQ, and many others are watched closely by market pundits. However, EPAY seems to be an excellent growth candidate with a market cap of just over one billion. And while it is not...

17Jul3:27 pmEST

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

17Jul3:26 pmEST

Will Netflix Help the Nasdaq Take a "Turn"?

That would certainly be the bear hope at this point--That NFLX flops tonight after earnings and sets the tone for a "sell the news" rest of summer with all of the major leaders reporting in the next few weeks. However, given the small caps' resilience, yet again, today, it is awfully difficult to anticipate a major downside reversal in the...

17Jul1:35 pmEST

Western Hemisphere Bias

A popular theme in sports is that there is an "east coast bias" in America against the west coast teams, most notably heard in college football and college basketball, but also in the NFL, MLB, NHL, and NBA. The time difference is part of it, as well as the hub of media centers mostly being located along the major cities of the eastern seaboard...

17Jul10:41 amEST

Stuck Just Above

Equities are mostly quiet and mixed this morning, in front of Netflix earnings tonight which should garner a bit more excitement. It is interesting, however, to see the small caps in the Russell 2000 Index outperforming the large caps for a change. On the IWM ETF daily chart, below, you can see the $142.30 area, just above, has been tough...

16Jul2:39 pmEST

Weekend Overview and Analysis 07/16/17 {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...