Biotech: No, No, No...No More Foreplay

16Jan10:32 amEST

Tesla Part of the Background Scenery

Given the melt-up we are seeing on the major averages, with "Dow 26,000" headlines making the rounds today in the non-financial news media, one would think that Tesla Inc. would surely be out in front of the tape ripping higher. That has not been the case, though, as TSLA has faded a bit in recent months into the market's background scenery....

14Jan11:44 amEST

Weekend Overview and Analysis 01/14/18 {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 mark Please click here for more...

13Jan8:26 pmEST

Saturday Night at Market Chess Cinemas

With the 2018 PyeongChang Winter Olympics approaching early next month, Chariots of Fire (1981) is one of the better movies referencing the Olympics. The theme song played in the clip below is iconic. This is definitely an inspiring film and worth checking out to get you into the mood. From imdb.com Two British track athletes, one a...

12Jan3:20 pmEST

If the Market is on Yayo, Then We Must Look at Zayo

Headed into a three-day weekend, a hot broad market is still melting up as we speak. At this point, our focus in on those names which may have lagged this week but are not lagging the tape as a whole. In other words, we want to identify strong overall chart (meaning over a period of months, quarters, etc.) even if they have been quiet of late....

12Jan10:57 amEST

A Trick off the Old Blockchain

I must admit it was interesting to see Warren Buffett and his right-hand man, Charlie Munger, eschew Bitcoin and crypto currencies in general this week, throwing it largely into the same "too hard, and I don't understand it" basket they once threw virtually all of tech. And, yet, Berkshire Hathaway owns 134 million outstanding shares of...

11Jan3:26 pmEST

Stock Market Recap 01/11/18 {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...

11Jan3:15 pmEST

The Next Phase Should Be a Rather Self-Absorbed One

With stubborn shorts still not quite throwing in the towel yet in many names, the next phase of the bull may very well be upon us. Under that theory, we should begin to see some obnoxious short squeezes in heavily-shorted, controversial names like Wayfair (W), for example. Shorts may very well be correct in their analysis of these names over...

11Jan10:34 amEST

Two Losers Fighting Back

Harley-Davidson and Spirit Airlines, respectively below on their dally timeframes, are similar in that they have been much-maligned in recent quarters for falling behind industry peers and having the market justly punish them for it. HOG, in particular, has been blasted by critics for failing to adapt to the Millennial generation who want very...

10Jan3:46 pmEST

Stock Market Recap 01/10/18 {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...

10Jan3:32 pmEST

Biotech: No, No, No...No More Foreplay

For the second session in a row, the XBI (ETF for small and mid-cap biotechnology issues) is notably outperforming the broad market. However, bios have been a bit dodgy in recent weeks in terms of being able to hang onto and sustain strength. Will this time be another tease? As you can see on the XBI daily chart, below, bulls need to see a...