Weekend Overview and Analysis 03/25/18 {Video}

28Mar12:51 pmEST

Wendy's is Getting No Respect

With the broad market still very much indecisive and corrective amid a sharp tech unwind, it is interesting to see fast food player Wendy's consolidating rather well at eleven-year highs to little fanfare, if any. Wendy's is a name we have profiled before and one I am holding in my long-term portfolio, betting that its current $4 billion...

28Mar10:24 amEST

How lululemon Got Her Groove Back

After top and bottoming line earnings beats this morning, shares of lululemon athletica Inc. are up by more than 10% in a soft tape and hitting new all-time highs. As you can see on the LULU daily chart, below, the stock has been in a fairly attractive consolidation pattern near those highs for quite some time. And, as usual, it took an event...

27Mar3:55 pmEST

Stock Market Recap 03/27/18 {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...

27Mar12:56 pmEST

Citron and Twitter: A Social Match Made in Heaven

Shares of Twitter, Inc. were off by more than 8% today, as Citron Research came out with a rather bold and visible call for the stock to drop down to $25, after hitting recent highs of $36.80 earlier this month. Citron actually went so far as to say that of all the social plays beyond Facebook, Twitter was actually the most vulnerable to a...

27Mar10:43 amEST

Let's Work on Our TAN for Summer

Housed in the TAN sector ETF, solar stocks have quietly been outperforming most energy and materials names of late. In particular, Sunrun (RUN) out of San Francisco and Israel's SolarEdge (SEDG) seem to be the two standouts, with both stock charts on a tear since the second week of February with no signs of slowing down. The fact that RUN and...

26Mar3:45 pmEST

Stock Market Recap 03/26/18 {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...

26Mar3:42 pmEST

It's No Big Deal, We're Just Having a Party Here

Many, many years ago I was playing poker at Foxwoods, in the heart southern New England, and the dealer at my table made several mistakes in the middle of a serious hand with a substantial pot sitting in the middle of the table. I was not in the hand myself but can still vividly remember it. The young poker dealer was obviously fresh out of...

26Mar1:14 pmEST

Shaking off the Facebook Warts

Despite glaring weakness in the likes of FB and TSLA today, bulls are putting up a decent fight this afternoon as the Nasdaq withstood a mid-morning fade and is not too far from retesting session highs as I write this. While it remains true that the 30-minute timeframe charts of the major index ETFs (DIA IWM QQQ SPY) are far from wildly...

26Mar10:29 amEST

Commence Relief Rally: To Levitate or Not?

The opening gap higher this morning across equities is practically the living, breathing definition of what a "relief rally" is, where market players who had been leaning on the long side can let out a sigh of relief that the heavy selling we saw late-last week did not have a snowball effect over the weekend and spawn an even nastier,...

25Mar12:14 pmEST

Weekend Overview and Analysis 03/25/18 {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...