Attack and Retreat

30Mar12:43 pmEST

Proving Oil's Guilt

The rally in crude oil since February has often coincided with the improved price action in equities. The two have parted ways this week, however, with black gold taking a dive after this morning's inventory report, especially. Equites have ignored plenty of potentially bearish divergences of late, which means extrapolating the crude weakness...

30Mar10:45 amEST

Making Friends with New School Talent

The payment processor plays have been an emerging area of potential new leadership in the market, not to mention being logical takeover targets for stodgy credit card firms looking to sharpen their business models. We know PayPal and Square are on the radar for an increasingly number of market players. But Vantiv is also worth a look. On the...

29Mar5:26 pmEST

Stock Market Recap 03/29/16 {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...

29Mar3:33 pmEST

The Mystery of the Steakhouse Quartet

Of the four major steakhouse chains traded publicly: BLMN (Outback) DFRG RUTH TXRH, RUTH and TXRH have been acting the best. At issue now is whether the current market rally will broaden out and enable the entire "steakhouse quartet" to rally in unison, the way RUTH and TXRH seem to be, today. BLMN is a sloppy chart and need to hold $16, and...

29Mar12:50 pmEST

A Knee-Jerk Reaction to Yellen

Precious metals and miners initially lurched higher in the face of apparently dovish commentary by Chair Yellen, just now. We know the metals and miners have been consolidating their prior rallies in recent weeks, and have yet to break to fresh higher. However, if the strength throughout the New York lunch hour holds into the rest of the...

29Mar10:46 amEST

Listen to the Message

In front of a Yellen speech at 11:30 am EST this morning, the message of the market is one of indices consolidating in a fairly benign manner, while both individual longs and shorts are permitted to work decently. FB and NFLX are bouncing again, while CMG is gapping down. A semi like HIMX, which we profiled for Members as having an attractive...

28Mar5:02 pmEST

Stock Market Recap 03/28/16 {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...

28Mar3:20 pmEST

The Forty-Six Year Old Virgin

Founded in 1970 by Sir Richard Branson, Virgin Group has its hands in many industries and has done quite well for itself. Today, Virgin America (VA) is shooting higher again on buyout talk, perhaps by JBLU. Airlines, as a group, have been remarkably resilient for a while now. Another name to watch for buyout talk may very well be ALK, Alaska...

28Mar12:52 pmEST

Wiener Schnitzer for Lunch to Ease the Holiday Hangover

The indices are fighting back to green into the New York lunch hour, as the morning selling proved to be fairly benign, once again. TSLA, for example, is regrouping after the inevitable pullback it saw last week following its very steep rally into March. Meanwhile, crude oil and precious metals/miners are taking a backseat to the upside...

28Mar11:00 amEST

Attack and Retreat

Despite a gap up at the open, followed by a jump in pending home sales, stocks are flipping back to red as I write this. Off of that opening bell gap, Members were keying off the IWM (ETF for the small cap stocks in the Russell 2000 Index, below on the 30-minute timeframe) to see if the $107.70 area would inflict the same type of resistance it...