Tripping Over Themselves to Buy Drugs

08Jan10:33 amEST

Sunday Matinée at Market Chess Cinemas

I caught the Denzel Washington vehicle, Fences (2016), in a theatre recently. Without question, the film is sure to make a splash during the coming awards season. Washington directs this character study set in 1950s Pittsburgh amid changing race relations in America. Written by the late-August Wilson, Fences is based on his Pulitzer Prize...

06Jan1:17 pmEST

The Perfect Mask: Eyes Wide Shut for Dow 20,000

All of the eyeballs on Dow 20,000 today may very well be the perfect mask for this throwback or retrace in the gold miners after the progress they made this week. Specially, in terms of discerning whether we have a quality, lower risk long entry on our hands, we want to gauge how GDX handles the $22 level from which it broke. On the updated...

06Jan10:48 amEST

They Can Almost Smell It

Another immediate smackdown of some opening strength on the indices surely has to be giving bears hope that this particular reversal is the start of something more meaningful. After all, it is the growing conventional wisdom that the market is likely into the inauguration of Donald J. Trump later this month, and then will perhaps sell off only...

05Jan3:38 pmEST

Stock Market Recap 01/05/17 {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...

05Jan3:32 pmEST

Little Shop of Horrors for Shorts

Despite another broad market fade earlier today, Nasdaq bears must be feeling a bit demoralized with a myriad of issues not only surviving the dip but now thriving as we head toward the closing bell, beyond AMZN and FB. SHOP is a fast-growing software play which has been basing sideways for months and is now exploding higher, following the...

05Jan1:07 pmEST

Bezos' Pendejos

The easiest thing in the world to do right now is pile on to the group of brick and mortar retail stores which have made to look foolish (i.e. Bezos' Pendejos) by Jeff Bezos and his brilliant Amazon empire. We know Kohl's is getting the business today, as is Macy's and JCP. Ralph Lauren was a short setup we discussed for Members last evening....

05Jan10:48 amEST

Presumption of a Resumption

"Resumption" is word you may be hearing quite a bit these days, as some of the big winners from early-to-mid 2016 finally corrected into the end of the year. Now, however, the issue is whether we are seeing, in fact, a resumption of that uptrend. Gold miners actually fit into that category, despite how alarming the price drops may have been to...

04Jan3:44 pmEST

Stock Market Recap 01/04/17 {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...

04Jan3:41 pmEST

Setting the Background for Winter

I suspect it will take at least several more sessions if not a week or two before we see all of the larger market players and fund managers back at their desks. Still, the potential rotations for the new year remain promising. As an example, the ag stocks popped during the holidays but immediately gave back those gains. Instead of...

04Jan1:11 pmEST

Tripping Over Themselves to Buy Drugs

The XBI, ETF for the small and mid-cap biotechnology issues, is up an impressive 4% as I write this. Before rushing out to buy all biotech across the board, it is worth remembering this space had been relatively brutalized compared to the broad market since mid-November. So, a bit of a relief rally should not come as a surprise to being the new...