Stock Market Recap 02/16/17 {Video}

22Feb10:45 amEST

Turnarounds Seldom Turn

Warren Buffett once famously said that, “turnarounds seldom turn," when it comes to businesses trying to right the ship. Regarding Mobileye after earnings this morning, however, if the "turn" is directed by the Israeli firm's self-driving software it may defy Mr. Buffett's general axiom. On the MBLY daily chart, below, we can see the progress...

21Feb3:59 pmEST

Stock Market Recap 02/21/17 {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...

21Feb3:56 pmEST

First Things First for First Solar

First Solar is one of the more visible firms reporting earnings after the bell tonight. The solar sector has been an excellent destroyer of capital for a good while now. But if a turnaround is imminent, then FSLR earnings tonight could easily advance some of the minor technical progress we have seen of late. The TAN sector ETF, below on the...

21Feb1:39 pmEST

It May Not Be a Zero-Sum Game, After All

With Wal-Mart surging higher today after earnings, combined with Amazon clearing five-month resistance, it may be worth reassessing the ubiquitous notion now that AMZN's success necessarily equals failure for most other things retail. If that were for the case, perchance, then why is WMT still holding the low-$60s area with confidence, the...

21Feb10:46 amEST

Homebuilder Hunters

Lost in the shuffle of some earnings rallies from pre-market reports today, namely Home Depot, Macy's, and Wal-Mart, is the strength in the HD-related space of housing. Specifically, the homebuilders in the XHB ETF, below on the daily timeframe, may very well be ripe to follow HD's lead higher from a rather coiled chart pattern. Note how many...

20Feb11:47 amEST

Analysis for the Week Ahead 02/20/17 {Video}

The following video was presented to Members of the Market Chess Subscription Services earlier today as a companion to a video over this weekend with specific, actionable trade ideas. Please click here for more details about the service and for joining at a reasonable price. Thank you for watching. Good luck trading this shortened...

19Feb7:55 pmEST

Billy Walters: Gambling Legend {Updated}

On this holiday weekend, a great segment several years ago from 60 Minutes is worth watching, along with an update. Billy Walters was at one time considered "the most dangerous sports bettor in Nevada," by the oddsmakers. And this piece examines his methods. Beyond enjoying this segment, it is instructive to try to make connections between...

18Feb2:43 pmEST

Saturday Night at Market Chess Cinemas

Few films have been as quoted--and especially referenced--as Deliverance (1972). Ironically, many "millennials" likely are not even aware this film exists, as it was released some thirty-five years ago at this point and has seen its ubiquity taper off over the last decade or so. But that is unfortunate, since we live in a nation now with...

17Feb9:31 amEST

Lighting Up in the Dead of Winter

Stocks are off a bit as we head into a long, holiday weekend with markets closed on Monday. One part of the market which has been particulalry impressive of late has been the consumer staples, with UL front and center, spiking higher this morning in light of the Kraft takeover drama. Typically, those defensive staples housed in the XLP ETF...

16Feb4:47 pmEST

Stock Market Recap 02/16/17 {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...