Spotting a Bloody, Sloppy, Diamond

09Aug10:50 amEST

Say, Something Sure Smells Rotten, Fella

Before yesterday morning's sharp upside reversal (which eventually gave way to a heavy afternoon fade) we presented Members with the following daily chart for the small cap ETF illustrating (in light blue) a bear flag pattern around the key $140 level. A bear flag is a continuation pattern which presumes the prior weakness will resume after a...

08Aug4:34 pmEST

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

08Aug3:37 pmEST

These Diamonds Must Be Forever, Right?

The now-ubiqitous daily new all-time highs for the Dow Jones Industrial Average is under some pressure this afternoon, as the North Korea news seemed to coincide with bulls losing their initiative on the action after a solid upswing this morning. As it stands now, headed into the closing bell, the "Diamonds" ETF, as it is know, for the Dow...

08Aug10:51 amEST

Style Points for This Hidden Gem in Healthcare

Formerly known as CareKinesis, Inc., Tabula Rasa HealthCare, Inc. sure does have a more exotic ring to its name now. And updating the daily chart, below, we can see the positive impact earnings are having on the name this morning. For a while now, we have flagged TRHC intermittently for Members. But the consolidation needed some more time to...

07Aug4:56 pmEST

Stock Market Recap 08/07/17 {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...

07Aug3:28 pmEST

Best Buy Has the Best Geeks

Best Buy's stock took an initial and widely-reported hit roughly one month ago on news that big, bad, Amazon would be l aunching its own Geek Squad competitor. At the time, we noted that BBY had enjoyed an under-the-radar bull run for quite some time and, in effect, the AMZN news was likely more of an excuse than a catalyst for some...

07Aug10:48 amEST

Energetic Moves Behind These Names in a Sluggish Tape

In an otherwise lazy summer open, the global materials miners continue to flash signs of acting better even as the U.S. Dollar is attempting a minor relief rally from oversold conditions. Note that BHP Billiton, the global monstrosity of a miner out of Australia, with a $105-plus billion market cap, has been acting wonderfully to little...

06Aug12:09 pmEST

Special Edition: Weekend Strategy Session 08/06/17 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services . Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of...

06Aug12:06 pmEST

Sunday Matinée at Market Chess Cinemas

I was talking with someone recently about underrated films with high profile actors. One of the first films to pop up was Get Low (2010), which stars Bill Murray, Robert Duvall, Sissy Spacek, and Gerald McRaney in a dark comedy with plenty of drama. Indeed, the film almost plays like a fable. Typically, films of this genre have a tendency...

04Aug12:05 pmEST

Spotting a Bloody, Sloppy, Diamond

Dating back to some selling we saw last Thursday, the Nasdaq ETF's 30-minute chart, below, illustrates the sloppy nature of the action we have seen ever since. Not only have we seen some prominent growth winners this year take a pounding after earning, namely AAOI and COHR in the chip space, but a lingering divergence with the Dow Jones...