Sunday Matinée at Market Chess Cinemas

05Jan10:48 amEST

Presumption of a Resumption

"Resumption" is word you may be hearing quite a bit these days, as some of the big winners from early-to-mid 2016 finally corrected into the end of the year. Now, however, the issue is whether we are seeing, in fact, a resumption of that uptrend. Gold miners actually fit into that category, despite how alarming the price drops may have been to...

04Jan3:44 pmEST

Stock Market Recap 01/04/17 {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...

04Jan3:41 pmEST

Setting the Background for Winter

I suspect it will take at least several more sessions if not a week or two before we see all of the larger market players and fund managers back at their desks. Still, the potential rotations for the new year remain promising. As an example, the ag stocks popped during the holidays but immediately gave back those gains. Instead of...

04Jan1:11 pmEST

Tripping Over Themselves to Buy Drugs

The XBI, ETF for the small and mid-cap biotechnology issues, is up an impressive 4% as I write this. Before rushing out to buy all biotech across the board, it is worth remembering this space had been relatively brutalized compared to the broad market since mid-November. So, a bit of a relief rally should not come as a surprise to being the new...

04Jan10:53 amEST

Clean Plays Off a Dirty Move in Tesla

The chart for Tesla Motors had been steadying improving since early-December. Last night, the firm announced it missed its fourth-quarter vehicle delivery target. Initially, the stock was lower, but not by much. This morning, any hint of weakness was promptly gobbled up by buyers, as the stock is higher by more than 3.5% as I write this. If...

03Jan3:46 pmEST

Stock Market Recap 01/03/17 {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...

03Jan3:38 pmEST

January Special Effects

The so-called "January Effect" was seen in a variety of stocks and sectors today, even as the broad market faded along with crude well off session highs. Some beaten-down names into the end of 2016, such as consumer titans NKE and UAA, are off to a good start in 2017. At the same time, the likes of TWLO just keep getting worse. So, before we...

03Jan12:59 pmEST

Winter Red Coming for Your Head

Crude oil's sharp downside reversal this morning looks to have correlated to the notable fade in equities, with the major indices still considerably off their morning highs. The VIX, however, is still in the red as I write this. Nonetheless, the crude oil reversal is worth monitoring for the sake of equities and how sensitive they seemed to be...

03Jan10:44 amEST

A Modern Way to Collect Payments

A gap up to begin the new year may very well give bulls a chance to salvage the traditional "Santa Rally" period, which spills over into tomorrow's session as well. Seasonal trends aside, a notable winner out of the gate this morning is PayPal, higher after receiving an upgrade earlier. PYPL is a name we have previously looked at for Members,...

01Jan2:45 pmEST

Sunday Matinée at Market Chess Cinemas

With the new year upon us, I am looking forward to the sequel to Trainspotting (1996), some twenty-plus years later after the original was released. The film stars Ewan McGregor, Ewen Bremner, Jonny Lee Miller. Since its release, Director Danny Boyle has enjoyed a wealth of fame. And it looks like the band is still intact for the sequel,...