Trouble for the Married-to-a-Thesis Crowd

16Nov3:39 pmEST

My Practices Are Not Designed for Your Enjoyment

Without question, today's trading session has been a fairly slow one, excluding some very narrow pockets of momentum. From my perspective, I am more intrigued by the prospect for fresh long entries on some of the more viable swing opportunities since the election, namely the materials miners, financials, and transports. The copper miner...

16Nov1:21 pmEST

Food for Thought on National Fast Food Day

Courtesy of @JulieKDolan on Twitter , the above graphic shows the most iconic fast/casual food chain from each state on the mainland in America on this national fast food day. Regarding actionable trade ideas in the fast food arena, we know WEN has been on a tear. JACK is setting up well, too, at the moment. Both JACK WEN seem to be taking...

16Nov10:34 amEST

Winklevii Revenge

Seeing as Facebook is flattish again this morning and continues to flash signs of "distribution," or heavy selling my institutions of size after a strong bull run, it is worth revisiting the chart to see if this is truly a good leader gone bad. Even as other Nasdaq names are bouncing this morning, FB is struggling to reclaim its 200-day moving...

15Nov3:47 pmEST

Stock Market Recap 11/15/16 {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...

15Nov3:46 pmEST

Russia May Be in the Sweet Piroshki Spot

Of the emerging markets since the Election last week, Russia is of course one of the more attractive options. In addition to Trump's Russia/Putin-friendly rhetoric, the RSX (country ETF for Russia) has been holding up better than the other "BRIC" nations. Today, all of the BRICs are bouncing back, as the rally in oil is no doubt aiding the...

15Nov1:16 pmEST

A Slow Day of Musical Chairs

Small caps, banks, and biotechs are finally pausing today while tech, utilities, bonds, and energy stocks sustain a bounce for a bit of the reversion we had been noting for Members seemed likely this week. At issue in this note is whether the move in energy has legs, something beyond a mere oversold bounce which is doomed to turn back lower. ...

15Nov10:57 amEST

Ship It!

Shippers like DRYS and EGLE are screaming higher again today. Much like the solars, though, it is tough to trust rallies in the shippers given their propensity to sell-off often much more viciously than their ephemeral rallies. Nonetheless, it is worth keeping tabs on some plays ancillary to the shipping industry. Golar LNG, for example,...

14Nov3:51 pmEST

Stock Market Recap 11/14/16 {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...

14Nov3:50 pmEST

Let's Take Our Cues from Coffee

Even if you have no interest in trading, let alone tracking, the coffee commodity, the ETN, below on the daily timeframe, illustrates what bulls want to see in many equity sectors which have broken out. Specifically, banks, steels, small caps, and other hot sectors like some retail plays became short-term very hot, not unlike coffee did last...

14Nov1:28 pmEST

Trouble for the Married-to-a-Thesis Crowd

Markets have done a good job of punishing those traders who tend to stay stubborn in the face of evidence presented which is contrary to their convictions. Case in point: The idea that stocks would swoon and gold would surge if Trump pulled the upset last week has been battered and bruised. True, the "FANG" names in the Nasdaq have come under...