Weekend Overview and Analysis 06/30/19 {Video}

09Jul11:07 amEST

Appreciate the Symmetry

Alongside small caps in the IWM, the semiconductors were an integral part of both the May selloff and June snapback rally. Currently, the semis are trying to reemerge from a controlled, multi-day bull flag on the SMH, sector ETF pictured on the daily chart, below. Note the last several sessions featuring low sell volume as price drifted lower...

08Jul3:23 pmEST

Let's Crack Open the Other PBR This Summer

PBR is shorthand for Pabst Blue Ribbon, a classic American pilsner. It is also the ticker symbol for Petróleo Brasileiro S.A. (Petrobras) a semi-public Brazilian oil giant headquartered in Rio. As Members know, Brazilian stocks have quietly been on a tear in recent weeks, with the EWZ country ETF outperforming China and printing multi-month...

08Jul10:51 amEST

Low and Slow

With negative headlines and weakness in shares of both AAPL and DB this morning, we have some broad market softness starting the post-holiday week off on a dour note. The pace of the selling in the first hour or so smacks more of a "low and slow" market being grilled rather than a fast burn for bears, which is fairly typical of summer action...

07Jul5:39 pmEST

Weekend Overview and Analysis 07/07/19 {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...

05Jul3:01 pmEST

Find Your Inner Trading Peace This Summer

Naturally, it is a bit rich to assign too much significance to any one trading session, let alone the Friday after the Fourth of July. Nonetheless, bulls have done an admirable job of stabilizing an initial thrust lower after a strong jobs report caused some stir that the Fed will not cut rates later this year. As I write this, I see plenty of...

03Jul3:45 pmEST

Stock Market Recap 07/03/19 {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...

02Jul10:05 amEST

Cheap Shots During Independence Day Week

My BlackLine long is taking it on the chin this morning after a rare "double downgrade" by an analyst at Goldman Sachs from a Buy rating all the down to a Sell rating. For this to happen during a holiday week, low volume and all, seems a bit dodgy if not a cheap shot, and, naturally, my bullish bias towards BL has me even more skeptical of...

01Jul3:48 pmEST

An Interesting Exhibit

Zillow Group Inc. is a name I turned wildly bullish on a few months back, especially from a long-term perspective in the VIP arm of Market Chess Subscription Services. My reasoning centered around the potential for the numerous shorts in this name to miscalculate just how much value management intends to extract and unlock from the firm's...

01Jul11:31 amEST

Feels Like July

If you glance at seasonal statistics, July typically serves as something of a reprieve for bulls in the midst of the summer doldrums and periods of volatility if not outright correction. As we know, however, each year in the market has its own quirks. And we just completed a June for the books, especially with respect to the Dow. Thus, even...

30Jun11:51 amEST

Weekend Overview and Analysis 06/30/19 {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...