Sacred Cows Beware

26Aug6:31 pmEST

Weekend Overview and Analysis 08/27/17 {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...

26Aug6:26 pmEST

Saturday Night at Market Chess Cinemas

As we know, there is a common tendency among filmmakers, even in some of the very best war films in cinematic history, to try to bite off more than they can chew and cover virtually all aspects of a given war story. But in doing so, it often yields a feeling of the film becoming either an all-you-can-eat-buffet of war stories or rather a...

25Aug2:14 pmEST

More Congestion Than Usual

Despite the major averages hanging in fairly well today, we are seeing a bit more congestion than usual, at least as far as bulls have been accustomed to. Typically, they have enjoy vast array of V-shaped rallies off market pullbacks in recent years. But when we look at a major market leader like AMZN, below on its daily timeframe, a bit...

25Aug11:00 amEST

How the West Was Won

The scenic backdrop of the Jackson Hole Symposium's setting may very well be a pleasant mask of the wishy-washy comments we heard from Janet Yellen this morning. Case in point: Gold, Treasuries, and the major averages are all higher as I write this even as stocks are well off session highs. Simply put, markets are likely sorting out her...

24Aug4:32 pmEST

Stock Market Recap 08/24/17 {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...

24Aug1:20 pmEST

Harvey is Messing with Texas

via the National Hurricane Center on Tropical Storm Harvey: ...Harvey has intensified quickly this morning, and is now forecast to be a major hurricane at landfall, bringing life-threatening storm surge, rainfall, and wind hazards to portions of the Texas coast. Preparations to protect life and property should be completed by tonight, as...

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...