Pecking Away at Micro Versus Macro

03Mar1:34 pmEST

Hacky Sack Penalty: No Self Serves or Misses

It looks like marijuana play GWPH, a name we have recently been tracking for Members due to its improved and impressive chart, had a "fat finger" type of move earlier today, as a headline hit the wires that, "Mentor Capital, Inc. (MNTR) Buys $1M in GW Pharmaceuticals (GWPH) Stock." Pothead party foul notwithstanding, GWPH remains a viable long...

03Mar10:44 amEST

Chips Chipping Away

In light of the AMD weakness this morning, along with NVDA pulling back further, semiconductors as a group seem ripe for a long overdue pullback. The issue for broad market bulls is whether that capital, from the chips, can flow to other sectors which have been craving rotations, such as retail and energy. If so, then a pullback in the SMH, ETF...

02Mar3:52 pmEST

Stock Market Recap 03/02/17 {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...

02Mar3:51 pmEST

A Great Bull Market in Toilet Paper is Underway

Lost in the shuffle, er, dispenser, of the SNAP IPO hoopla is the continued strength in some of the consumer staples. Kimberly Clark, for example, the toiler paper vendor, among other bathroom necessities, is sporting a tight bull flag after recently breaking back over its 200-day moving average. The strength is apparent on the daily chart,...

02Mar1:21 pmEST

A Better Lock on This IPO

While the Snapchat IPO is predictably igniting plenty of buzz today, I have my eye on an IPO from late-last year which recently woke up with a vengeance. The Trade Desk, an ad tech company, below on the daily timeframe, has been surging over the last few years, shaking off both an initial earnings sell-off plus an offering during that time. ...

02Mar10:44 amEST

It's a Snappy Consolidation, See?

In front of the SNAP IPO set to begin trading any moment now, stocks are broadly consolidating yesterday's explosive move higher. A few catch-up biotech plays we had been flagging for Members, namely CARA and EXAS, are surging, while a name like ONCE remains in contention to follow suit. The familiar routine, however, of gauging just how...

01Mar3:52 pmEST

Stock Market Recap 03/01/17 {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...

01Mar3:50 pmEST

Rolling with the Twists and Turns

The downright sloppy action in the small cap-dominated Russell 2000 Index seems like a distant memory today, with stocks surging virtually across the board and bulls making fools out of top-callers again. To reiterate a point from morning blog post, there seems to be much ballyhoo regarding analyzing the macro, be it the economy, politics, or...

01Mar1:39 pmEST

The Problem is Not the Problem

“The problem is not the problem. The problem is your attitude about the problem” -Captain Jack Sparrow After a initial move down, healthcare IT firm Veeva Systems is clawing back with a purpose today. Without question, the broad market action is helping VEEV bulls. But, pending today's close, buyers have done a noteworthy job of stepping into...

01Mar11:05 amEST

Pecking Away at Micro Versus Macro

It seems as though everyone has macro analysis about the market and economy these days. But when many are looking macro, perhaps it is correct to look micro. Digging below the surface, the homebuilders as a group have been thriving, even before the Trump speech and today's gap up. We know the obvious plays are the likes of DHI and LEN. But...