Fishing for Momentum

14Dec1:24 pmEST

Resume the Hike

A widely-expected rate hike coming up later this afternoon by The Fed is likely on tap, as stocks meander into the event. Some big winners this year like the chip play NVDA and several materials miners (AKS CLF X) are flexing here. But it is tough to make too many assumptions in terms of the market's specific reaction. We can, however, make a...

14Dec10:44 amEST

Sharing Good Homework

If you love actionable ideas in a no-nonsense environment, then our Members inside the services are consistent in identifying great ideas which I then share with the group. Headed into 2017, one such idea could easily be a resurgence in the pharma/healthcare space. Should that materialize, it is hard not to like a mid-cap drug play like Aerie,...

13Dec3:50 pmEST

Stock Market Recap 12/13/16 {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...

13Dec3:48 pmEST

It Looks Fully Baked In

A likely Fed rate hike tomorrow afternoon has probably been priced into the market already, be it with the sell-off in TLT or the rally in financials. Looking out to 2017, I am not so sure a series of hikes has been priced in yet, however. But that will be a battle to fight a different day. For now, technology stocks like FB mostly benefitted...

13Dec1:24 pmEST

Volume on the Menu at Steakhouses These Days

The high-end steakhouse chains, DFRG RUTH, respectively below on their daily charts, are sporting strong buy volume over a number of weeks, even months now, to accompany their rallies in price. This type of action likely indicates "accumulation," or heavy buying by institutions. Thus, in addition to the improved action in some casual and...

13Dec10:45 amEST

Go See Q Before You Call a Top

Small caps are flipping red this morning, along with banks, clearly at odds with yet another gap higher on the Dow. Moreover, the Nasdaq heavyweights in the QQQ are attempting to benefit from another in a long line of musical chairs-esque rotations back down to them, after having previously lagged the post-Election rally. I am looking to see...

12Dec3:52 pmEST

Stock Market Recap 12/12/16 {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...

12Dec3:50 pmEST

The Restaurant Business

There are, indeed, quite a few stocks and sectors quietly hinting at staging a resurgence in 2017. Restaurant stocks would have to be included in that group, beyond the impressive action in fast food winners like JACK and WEN this year. When it comes to casual dining, CAKE is back in action and is still sporting a multi-year uptrend yet to be...

12Dec1:31 pmEST

Wargaming or Not

Shares of Lockheed Martin are dropping today after President-elect Trump said the F-35 program was too expensive. Other aerospace and defense plays are down, too, like NOC and RTN. On its face, the case certainly seems to be that the market is becoming sensitive to Trump's comments. However, it is worth noting that the aerospace and defense...

12Dec10:47 amEST

Fishing for Momentum

Stocks are a bit sluggish out of the gate this morning, with the FOMC later this week the likely cherry on top of 2016 before Christmas and New Year's empty out many a trading desk afterwards. In terms of identifying quality momentum, growth stocks have been taking a backseat to the rotations into value-oriented areas of the market of late,...