Raiders of the Saved Ark

17Mar4:26 pmEST

Stock Market Recap 03/17/21 {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...

17Mar10:24 amEST

The Wind That Shakes the Barley, and Growth

[ The Wind That Shakes the Barley , a fine 2006 Irish film about the Irish War of Independence (1919–1921) and the Irish Civil War (1922–1923)]. In front of a highly anticipated FOMC later today we are seeing a pretty good example in this morning's tape of how sensitive growth stocks have become to the movement in rates on the 10-Year Note....

16Mar3:34 pmEST

The Rapacious Twenties Cometh

Some late-day buying in bonds is helping to stave off a bit of selling momentum which gathered across the board earlier this afternoon. Once again, this sort of price action still figures to be digestion and backing and filling in front of tomorrow's FOMC, where we will see whether Fed Chair Powell can say the right things to assuage bond...

16Mar10:26 amEST

Nasdaq and the Rest is Coasting

After a few days of great stock-picking action amid mixed and drifting indices at various times, we were certainly due for a morning like this. The QQQ, ETF for the top 100 stocks in the Nasdaq Composite Index, is dominating the tape even as there is plenty of underlying red and lethargic price action thus far. As we have noted both were and...

15Mar3:25 pmEST

Smokin' Dope and Betting Sports at the Bucket Shop, Yasee?

It almost feels wrong to be without exposure to either sports betting or cannabis stocks (or both), given the inevitable money which will find its way to these sectors on the back of the latest stimulus checks, not to mention the general "Hey, it's spring after a long winter and a stressful pandemic, let's have fun and spend!" vibe which also...

15Mar10:45 amEST

Rare, Clean Energy

From the Energy Fuels, Inc. (UUUU) website: Energy Fuels is the leading U.S. producer of uranium and vanadium, and an emerging player in the commercial rare earth business. With uranium gaining traction more and more as an acceptable clean energy alternative given its domestic, abundant, and efficient nature, the fact that UUUU is an emerging...

14Mar11:11 amEST

Weekend Overview and Analysis 03/14/21 {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 markets. Please click here for more...

12Mar11:20 amEST

Let's Just Call Him, "Richard's Sporting Goods"

Come to think of it, maybe we should say, "Richer Sporting Goods." With all of the pent-up demand from kids brimming with cabin fever across the country (not to mention the parents, too) after a year of pandemic-related cancellations of sporting events, among other things, I suspect DICK'S Sporting Goods, Inc. (DKS) is in prime position to...

11Mar4:26 pmEST

Stock Market Recap 03/11/21 {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...

11Mar11:48 amEST

Raiders of the Saved Ark

We continue to see improving trading conditions this week, as our working thesis (with we laid out yesterday morning) of an intermediate-term bottom seems to be holding true. In order to continue to see more improvements, tech clearly needs to firm up and absorb, eventually shaking off, the harsh selling the last few weeks. And whether she...