Headed South, Before Heading Out West

24Aug10:54 amEST

Back to School Retail Dumpster Diving

There is often much ballyhoo associated with the various gaps we see during earnings season after a given report. Oftentimes, the gaps do not amount to much technically, at least initially, as they are often a function of a knee-jerk reaction to some type of surprise from the earnings numbers and/or conference call. Hence, our focus for...

23Aug4:29 pmEST

Stock Market Recap 08/23/17 {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...

23Aug1:36 pmEST

Front-Running Football Season

To continue with the theme of parsing the retail/consumer discretionary complex for leaders gone bad, laggards staying weak, as well as emerging leaders, etc., we turn to prospect of a looming football season. College football, in particular, is known just as much for its pre-game tailgating as it is for the actual game played on the field. If...

23Aug10:56 amEST

Sacred Cows Beware

On the one hand, we certainly want to closely track emerging winners in retail, as that sector will always be in the crosshairs of the "creative destruction" which runs parallel to evolving consumers' preferences. OLLI is a name we looked at previously as one such example, as is the rebirth of BBY. But on the other hand, we do not want to turn...

22Aug4:05 pmEST

Stock Market Recap 08/22/17 {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...

22Aug1:29 pmEST

Sohu Says, "So, What?"

In front of what could easily be some fireworks later in the week, courtesy of Jackson Hole, we have a low volume but steady bounce holding firm as I write this in the broad market. Despite some sharp selling in China momentum names today, namely BZUN MOMO, a few winners like BABA BIDU SINA WB are more than holding up well. In addition, a...

22Aug10:46 amEST

Old-Fashioned is Getting Rusty These Days

Most things old-fashioned seem to be getting rusty these days, including the typical market warning signs of an imminent correction after an established, strong uptrend. Case in point: It is not just the small caps which have been flashing cautionary or even bright red blinking lights to the market bull case this summer, but also the rusty...

21Aug4:00 pmEST

Stock Market Recap 08/21/17 {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...

21Aug1:40 pmEST

Will Jackson Hole Make You Randgold, Baby? Will It?

Like most large cap gold miner charts, Randgold Resources, out of South Africa, has made steady technical progress this summer after several quarters of grinding, corrective action. However, as you can see on the GOLD daily timeframe, below, the jury is still out until we see another thrust higher for the precious complex. Jackson Hole at the...

21Aug10:48 amEST

Headed South, Before Heading Out West

In front of the annual Jackson Hole Symposium at the end of this week, it is worth noting that the U.S. Dollar continues to operate in a strong, intermediate-term downtrend. On the UUP ETF daily chart, below, which is simply the Dollar versus a basket of developed-economy currencies, you can plainly see the pattern of lower highs and lower...