Crossing Over from Fall to Christmas

03Dec3:42 pmEST

Another Day at The Office for Burlington Coat Factory

Burlington, formerly known as Burlington Coat Factory, is yet another stealth retail play emerging as a new school leader in the sector, not unlike Canada Goose Holdings Inc. (GOOS). After suffering a sharp drop to its rising 200-day moving average in the heat of the broad market correction, BURL recovered sharply after strong earnings and...

03Dec10:56 amEST

Snapping Back in a Major Way

The deeply disappointing Thanksgiving week price action in equities seems like a distant memory this morning, as bulls pounced on the U.S./China trade war détente weekend headlines. That said, this morning's rally is not a full-blown bull party yet, per se. As I write this, for example, small caps in the IWM are up less than a measly 0.2%. Of...

02Dec3:36 pmEST

Weekend Overview and Analysis 12/02/18 {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 markets. Please click here for more...

01Dec10:44 amEST

The South Sea Bubble

via YouTube and Wikipedia: South Sea Bubble by Charles Mackay. The South Sea Bubble from Popular Delusions and the Madness of Crowds - non fiction audiobook. The South Sea Company was a British joint-stock company founded in 1711, created as a public--private partnership to consolidate and reduce the cost of national debt. The company was...

30Nov10:39 amEST

Apple, Goldman, Oil Continue the Heel Turn

via Quora.com : "Turning heel" means that a player is shifting from a "face" persona to a "heel" persona, or turning from a "good guy" to a "bad guy." One of the most famous examples of someone "turning heel" is probably when Hulk Hogan was reintroduced as "Hollywood Hogan" and joined the New World Order. Shares of Apple, Goldman Sachs,...

29Nov5:25 pmEST

Stock Market Recap 11/29/18 {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...

29Nov2:38 pmEST

Christmas Market

With some of the fear and indecision regarding political and monetary headlines abating today, the major averages are back in the green as I write this. Indeed, the small cap bullish divergence we noted with Members this morning continued to play out and likely turned the tables on shorts and volatility longs who were pressing for a complete...

29Nov10:58 amEST

The Road is About to Take Some Twists

In this day and age of thinking about markets in primitive terms of either "risk on," or "risk off," the last few days of rallying is being met with a morning dip, as we speak. Naturally, when many a trader quickly morphs into a "risk on" mindset, especially on the back of yesterday's post-Powell explosive rally (not to mention a classic...

28Nov5:28 pmEST

Stock Market Recap 11/28/18 {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...

28Nov3:33 pmEST

Crossing Over from Fall to Christmas

Since the broad market correction began, you will note on the bottom pane of the QQQ ETF weekly chart, below, that the RSI has been pinned below its 5-week moving average, a standard measure for this indicator. For reference, the RSI is an acronym for the "Relative Strength Index," used to identify changes in technical momentum. On any given...