A Migration Downstream

26Apr6:00 pmEST

Stock Market Recap 04/26/18 {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...

26Apr2:36 pmEST

Rover, Red Rover: Send Red Robin Over!

Despite Chipotle gaining attention today for its stunning earnings rally after years of controversies, declining brand popularity and increased competition, CMG's rally today still is not bringing enough attention to some of the better casual dining plays in the restaurant space. Names like CHUY DENN EAT FRGI NDLS WING, among many others, all...

26Apr10:16 amEST

Not Through This Door; At Least Not Yet

A whole host of positive earnings' reactions, notably from firms in the Nasdaq, look to be giving stocks a much-needed boost this morning. However, we ought not overlook the point that Treasuries are bouncing precisely where they needed to in order to avoid a significant breakdown, and by proxy a spike higher yet in rates. On the TLT weekly...

25Apr4:46 pmEST

Stock Market Recap 04/25/18 {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...

25Apr1:09 pmEST

Shall We Play a Game?

As we scout a corrective and, frankly, tired-looking market for relative strength outperforming issues, it strikes me as interesting that the aerospace/defense mid-cap play, KLX Inc., continues to act well. While big, bad Boeing (BA) gets most of the attention (understandable today due to earnings), KLXI is the more intriguing long play not...

25Apr10:36 amEST

A Better Deal, Where You'd Least Expect It

While conventional wisdom among speculators early this week dictated that a resurgence in the crypto space could easily gain steam as equities struggle, a casual glance at the Bitcoin Investment Trust (GBTC) weekly chart, first below, reveals that Bitcoin is far from out of the woods since topping out just before last Christmas. At a minimum,...

24Apr3:52 pmEST

Stock Market Recap 04/24/18 {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...

24Apr3:50 pmEST

Only the 1990s Can Save Us Now

Rough day for bulls virtually all the way around, especially considering the "sell the good news" GOOGL reaction, as well as SQ dumping out hard. A bright spot is the 1990s nostalgic play, GES, below on the daily chart. We have flagged this one recently for its relative and absolute strength, which persisted today. Earnings are still nearly a...

24Apr1:57 pmEST

Don't Buy Anything!

This seems like a good reminder to replay Jimmy Conway's speech, although I am still not convinced we are entering a brand new bear market. As demoralizing as I am sure today's price action is for bulls looking for a fresh run back to new highs, as I noted earlier we could simply experience a third wave down of selling like in GOOGL before...

24Apr10:51 amEST

A Migration Downstream

Despite Google/Alphabet turning in solid earnings last evening, the market's reaction this morning suggests buyers are out of gas for now in a major, marquee Nasdaq leader. While it is true that cherry-picking a single earnings reaction as prima facie evidence of a major top or change in trend is a bit too dramatic, this morning's nearly 4%...