Hold My Beer While I Look for a Bottom in Steels

27Jun4:49 pmEST

Stock Market Recap 06/27/17 {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...

27Jun1:20 pmEST

Can You Be a Jekyll and Hyde Trader?

We all have our given biases, some obvious to us and others far more subtle. Recognizing and accounting for a given bias is instructive when it comes to trading, at least for us as humans in a market full of robots. And when it comes to politics, you can almost cut the air with knife in terms of how prominent the political headlines have been...

27Jun10:37 amEST

This is This for Steel Stocks

After the "Trump Trade" frenzy wore off back in February, steel stocks have been lucky to hold a bounce for even a day or two ever since. But after basing for the last two months or so, it is worth putting them back on the radar for at least a day-trade long if they can improve on the SCHN earnings rally this week. At a minimum, you are...

26Jun4:19 pmEST

Stock Market Recap 06/26/17 {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...

26Jun3:33 pmEST

Is Fred Too Sexy for Resistance?

Fred's, Inc. (owner of retail discount stores and full service pharmacies) is surging more than 20% today on this news , as the drugstore stocks at-large are catching a nice bid like CVS and RAD. FRED had been having a rough 2017 headed into today, as it was lumped in with the dreadful retail sector. Thus, an important takeaway from a...

26Jun10:55 amEST

Summer Style

An opening gap higher in equites on the back of news of an Italian bank rescue looks to be fizzling out as I write this, with many market players closing their books into the end of month, end of quarter, and even into the next two weeks as the Fourth of July will be observed early next week. With this in mind, at the moment I am not in a rush...

25Jun11:49 amEST

Weekend Overview and Analysis 06/25/17 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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 mark Please click here for more...

24Jun11:16 amEST

Saturday Night at Market Chess Cinemas

I must admit that I was not expecting much as I was walking into the theater to see director David Fincher's investigative thriller, Zodiac (2007). Then again, at the time, in 2007, I was dating a young lady with a keen interest in true crime novels, and the other choices of films to see were fairly unappealing. Despite my initial...

23Jun1:40 pmEST

The Hipster Rotation

Since rotation is the name of the game for bulls (see biotech this week as evidence), as long as that continues then we must consider some trendy "hipster" plays like ETSY and FIZZ, seen respectively below on their daily timeframes. As you can see, and as one of our Members astutely noted about ETSY, both charts are sporting impressive...

23Jun10:42 amEST

Hold My Beer While I Look for a Bottom in Steels

Thanks, in part, to an upgrade by Deutsche Bank this morning, AK Steel (AKS) is leading the steel sector in a long overdue snapback rally as we speak. For a while now, steel stocks have disappointed not only dedicated steel/materials bulls but also those who were adamant about the "Trump Trade" prevailing in an endless series of wins for...