'Tis the Season

16Nov10:52 amEST

The Cisco Kid on the Comeback Trail

After earnings, the large cap, mature tech play Cisco Systems is leaving its prior 2007 bull market peak in the dust, as you can see the monthly chart, below, indicate that the door is now open for CSCO to stage a fresh leg higher. As tough as that may be to grasp for some, given the bull run in the broad market heretofore, it simply it is...

15Nov3:58 pmEST

Stock Market Recap 11/15/17 {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...

15Nov3:52 pmEST

It's Got Some Bite to It

As we often preach, moving averages are best used as reference points rather than automatic places to buy or sell. In the case of financials, using XLF as a proxy, the 50-day moving average (dark blue line on daily chart, below) acted as a place where buyers came with some bite to them today, given the strong bounce. Clearly, the market is...

15Nov1:20 pmEST

Back to the Bucket Shop

In terms of updating this blog post from September about Kandi Technologies, the very small cap China play in the electric car sector has made solid strides from a technical standpoint. The daily chart, first below, shows KNDI threatening a fresh leg higher in a cutting edge sector. A move back over $8.35 can be considered a solid long...

15Nov10:41 amEST

Back to Salad Days for the Pizza Plays

Dominos Pizza, as seen on its multi-year chart (first below), has actually been one of the big winners since the 2008/2009 bear market bottom. Last decade, DPZ had some ugly incidents at its franchises and was generally viewed as having a comically bad, albeit cheap, product. The firm made a valiant effort to turn its brand around right near...

14Nov3:40 pmEST

Stock Market Recap 11/14/17 {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...

14Nov3:38 pmEST

Lovely Animals, and I Ain't Talking About Coconut Crabs

Coconut crabs are grabbing international headlines in recent days for a variety of reasons (e.g. Amelia Earhart), some conjuring up gory through which do not need to be repeated here. Fortunately, we can entertain more pleasant thoughts about domesticated pets and their hot stocks, like BUFF (pet food) and TRUP (health insurance for pets),...

14Nov10:49 amEST

Slaying the Final Dragon of 2017

Despite more than enough excuses for a deep correction, the senior averages have, by and large, had a remarkably benign grind higher for much of 2017. As we come down the home stretch of this calendar year, with holiday trading kicking off next week, the latest round of bearish reasons for a selloff seem to cluster around the tax reform debate...

13Nov5:04 pmEST

Stock Market Recap 11/13/17 {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...

13Nov1:22 pmEST

'Tis the Season

In addition to the strength in cocoa, using the NIB ETN as a proxy for the soft commodity, we now have sugar surging on heavy buy volume the last two sessions. Using SGG as a proxy, below on the daily chart, the bottom pane illustrates the strength of late. Clearly, SGG is not as far along technically as NIB, with the latter back over all...