MarketChess

11Jun10:41 amEST

Another Look at Archer

We previously looked at the long-term chart for Archer-Daniels-Midland Company, the global food processing and commodities trading firm, and surmised that ADM may very well be on the cusp of a meaningful breakout from a multi-year  consolidation pattern.  Adding credence to that thesis is the recent rotation we have profiled into several XLB...

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10Jun11:39 amEST

Sunday Matinée at Market Chess Cinemas

The suicide of  celebrity chef, author, travel documentarian, and television personality, Anthony Bourdain, took many by surprise this week. After all, he had what many termed to be the "dream job," of traveling the world and eating great local cuisine, learning from skilled local chefs and meeting friendly people native to each of his...

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08Jun11:25 amEST

Don't Let the Door Hit You in the ASCO on the Way Out

On the whole, the price action in many biotechnology stocks during the latest ASCO conference is one plenty of biotech bulls would soon forget, as the market gave us a plethora of bios gapping down 10-30%, or more, over the last week. While it is usually a mistake to view a sector-specific conference like ASCO as a panacea (literally and...

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07Jun1:21 pmEST

What Makes Tobacco Stocks Taste Better Down Here?

"They are toasted, so they taste better!" Simply put, plenty of the defensive consumer staples have had an unusually rough go of it over the last few months if not quarters as rates have flirted with multi-year breakouts. We know that defensives tend to fare better in a low rate environment. But the issue is at what point has the market...

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07Jun10:46 amEST

Modified Playtime for Bears

On the back of the Nasdaq Composite and the QQQ (ETF for the top 100 stocks in the Nasdaq, namely "FANG" types of names) running directly into their prior, respective March highs, if not overshooting them yesterday, we ought not be too surprised to see tech stocks now mostly experience some profit-taking and generally lagging the market this...

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06Jun2:26 pmEST

Analysis of an Overlooked Sector & Components 06/06/18 {Video}

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06Jun10:33 amEST

Just Because They're Not Peacocking Doesn't Mean They're Not Bullish

It has been a quiet spring for agribusiness and chemical stocks, which are mostly housed in the XLB sector ETF. The U.S. Dollar rally has been one headwind for them, as the market's general knee-jerk reaction is to lay off most materials and commodity plays when the Dollar surges, with some exceptions here and there.  But now that the Dollar is...

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05Jun4:25 pmEST

Stock Market Recap 06/05/18 {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...

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05Jun1:29 pmEST

No More Excuses for Dunkin' Donuts Not to Dominate

In addition to far more sensible price points and the general value proposition that consumers find in a Dunkin' Donuts versus Starbucks, the truth of the matter is that SBUX is having a terrible year all the way around. The latest news is that longtime leader and CEO Howard Schultz will be stepping down this month, perhaps to explore his...

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05Jun10:56 amEST

Clean Living for Valeant; And They're Better for It

Lost in the shuffle of various headlines this winter and spring has been the steady comeback by Valeant Pharmaceuticals International, Inc. We profiled VRX about a month ago, and updated the daily chart, below, we can see the progress continues to take shape.  Beyond organic growth, Valeant has plans to change its name to Bausch Health...

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