Weekend Overview and Analysis 12/03/17 {Video}

06Dec1:12 pmEST

If You Can't Take a Small Loss, Sooner or Later You Will Take the Mother of All Losses

It is a fairly slow market session, with tech fighting to maintain a reasonably shallow pullback in lieu of a deeper correction. Therefore, we should take a moment to revisit a core concept of trading, one that is indeed applicable to virtually all firms of speculation. And that concept was well stated by the famous trading author Ed Seykota,...

06Dec10:24 amEST

Nucor Gets to the Core

Based in Charlotte, Nucor Corporation is is the largest steel producer in the U.S.. We know that materials, including steels, have been threatening to emerge from multi-month, sideways consolidations as a group of late. But they have suffered plenty of false starts along the way and have yet to confirm fresh breakouts. Thus, NUE is one of...

05Dec3:22 pmEST

Stock Market Recap 12/05/17 {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...

05Dec3:14 pmEST

Snap Crackle Pop Into the Gap

On the back of a nice upgrade this morning, Snapchat (SNAP) is defying the broad market fade this afternoon with an impressive pop, seemingly long overdue for one of the more disappointing social IPOs this year. On the zoomed-out 30-minute chart, below, for SNAP, the precise gap-fill level above was $15.04. That gap has now been filled, and...

05Dec10:20 amEST

Unorthodox Winners Emerge

The technology and semiconductor unwinding process we have seen over the last several trading sessions has been humbling for overly-aggressive and, perhaps, overconfident tech bulls. Nonetheless, this type of action is still part and parcel of a monstrous bull run and has yet to flash the more substantive signs of a major top--For that to...

04Dec3:58 pmEST

Stock Market Recap 12/04/17 {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...

04Dec3:52 pmEST

A Scary Reputation

Although plenty of prominent short-sellers in Wayfair would love booting more than to see the h ome furnishings and décor e-commerce play suffer a terrible downdraft, the reality is that W has been consolidating reasonably well these last several months. Despite the small caps and some other sectors flipping red into the bell alongside the...

04Dec1:17 pmEST

A Sizzling Sector Served Up on a Sizzling Plate

Working our way through the early-afternoon portion of the trading session, we continue to see a notable spread among the major averages as the tech-led Nasdaq lags far behind the Dow. Whether it is AMD NVDA or PYPL, we clearly have some selling interest in prominent tech names being masked by the Dow up roughly 200 points. With this in mind,...

04Dec10:39 amEST

Serious Business for Recreational Vehicles

The recreational vehicle niche within the broad discretionary sector is perhaps as much of a microcosm for the consumer as any group of stocks. In previous blog posts here and for Members, we have flagged and played names in the complex, including PII CWH THO WGO, even LCII. HOG, the iconic Harley-Davidson brand, has been the glaring laggard in...

03Dec12:14 pmEST

Weekend Overview and Analysis 12/03/17 {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 mark Please click here for more...