By the Book

01Mar3:52 pmEST

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

01Mar3:50 pmEST

Rolling with the Twists and Turns

The downright sloppy action in the small cap-dominated Russell 2000 Index seems like a distant memory today, with stocks surging virtually across the board and bulls making fools out of top-callers again. To reiterate a point from morning blog post, there seems to be much ballyhoo regarding analyzing the macro, be it the economy, politics, or...

01Mar1:39 pmEST

The Problem is Not the Problem

“The problem is not the problem. The problem is your attitude about the problem” -Captain Jack Sparrow After a initial move down, healthcare IT firm Veeva Systems is clawing back with a purpose today. Without question, the broad market action is helping VEEV bulls. But, pending today's close, buyers have done a noteworthy job of stepping into...

01Mar11:05 amEST

Pecking Away at Micro Versus Macro

It seems as though everyone has macro analysis about the market and economy these days. But when many are looking macro, perhaps it is correct to look micro. Digging below the surface, the homebuilders as a group have been thriving, even before the Trump speech and today's gap up. We know the obvious plays are the likes of DHI and LEN. But...

28Feb4:01 pmEST

Stock Market Recap 02/28/17 {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...

28Feb3:50 pmEST

Mr. Market: If You Were Me, Which Sector Would You Fire?

The selling today in front of President Trump's speech to a join session of Congress tonight sure is building tension, not unlike the famous television "boardroom scenes" we saw in The Apprentice years ago. The issue becomes which stocks and sectors could rally or get hit off Trump's remarks tonight. I am not too interested in front-running...

28Feb12:56 pmEST

Two Charts for Good Perspective This Afternoon

Stock are broadly coming in here, with Nasdaq and small cap weakness erasing some of the progress bulls made yesterday, especially in the IWM (ETF for the small caps in the Russell 2000 Index). Headed into the heart of the afternoon, we are keying off two main charts for perspective as to how much selling may be to come. First, the QQQ, ETF...

28Feb10:49 amEST

Silver Linings in the Playbook for the Target Miss

Target is being properly punished by the market this morning with a rather ugly gap down after weak earnings and guidance. On the surface, this type of action may seem to reinforce the bear case that brick-and-mortar, or non-Amazon, retail is largely dead. And while that may be true on some level, it cannot be true on every level. First,...

27Feb3:45 pmEST

Stock Market Recap 02/27/17 {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...

27Feb3:44 pmEST

By the Book

In addition to the homebuilders, the biotechnology stocks of the small and mid-cap variety housed in the XBI ETF are also sustaining impressive sector rotations today. The price action in XBI, below on the daily chart, is "by the book" (in terms of its recent breakout, backtest, then resumption of the uptrend today in an explosive manner) and...