Bitcoin's Oasis in the Middle of the Summer Desert

19Jul1:05 pmEST

Emerge or Diverge

Working our way through the early-afternoon portion of today's session, stocks continue to sport a notable divergence, with small caps holding green and not far from an attractive upside breakout above $169/$170 (seem on the IWM ETF daily chart, below), while the Dow is struggling to hold bounces and is down triple-digits as the Nasdaq softens,...

19Jul10:51 amEST

Pecking Away

A key component of summer trading in the markets is staying methodical in your approach, since oftentimes there will be plenty of drifting action which frustrates even the most explosive of chart setups and sector rotations. We seem to have a good deal of that phenomenon this summer, too, albeit with the indices at or not far from all-time...

18Jul3:20 pmEST

Stock Market Recap 07/18/18 {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...

18Jul3:13 pmEST

A Fine Idea if Chips Don't Go Straight to Hell

It has been a spotty summer for chips, indeed. Should they regroup or at least knock out a more defined range for the rest of the summer, I still view Cree as one of the better sleeper, turnaround long plays in the sector. On the CREE daily chart, below, we can see as much, what price perhaps forming a higher low on this recent dip after...

18Jul10:56 amEST

Search Party for the Next Monster Healthcare Stock

Evolent Health, a company which has fairly recently transitioned into a value-based care business model, could easily be the next Tabula Rasa (TRHC), meaning it could be the next sleeper in the healthcare sector to enjoy a monstrous rally seemingly under-the-radar of most market players. Since July 2017, for example, TRHC appreciated from a...

17Jul4:56 pmEST

Stock Market Recap 07/17/18 {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...

17Jul1:29 pmEST

Trex-n-Effect Proving to Be a Summer Hit

In addition to an impressive upside move in most sectors and indices today in the face of the opening gap down in Netflix and indeed the QQQ at-large, downtrodden segments of the market like the homebuilders seem to be garnering more attention now from bottom-fishing longs. As we know, the XHB/ITB-related stocks have mostly been lagging the...

17Jul10:50 amEST

This is Revenge Against Netflix for Cancelling "Lilyhammer"

After its latest earnings report last evening, Netflix is now likely experiencing a long overdue correction to keep momentum longs honest. That is not to say that NFLX has topped out, nor have the other "FANG" monster leaders, as there exists very little (if any) technical evidence of a major top in place. But clearly even the strongest of...

16Jul4:45 pmEST

Stock Market Recap 07/16/18 {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...

16Jul2:30 pmEST

Bitcoin's Oasis in the Middle of the Summer Desert

We have a mixed, summer tape on our hands with equities today, albeit with some enticing standouts across a variety of sectors. Still, seeing energy and transports dump out is a bit concerning and likely drives home the point we need to continue to hop around to the hot sectors with tempered expectations during these summer months. Turning to...