Fall Back, Spring Ahead Into Election Day

09Nov1:27 pmEST

Still the Most Important Long-Term Chart

Although there are plenty of headlines covering up the price action in the bond market, it should not be lost on us that Treasuries are acting more and more as though they have arrived at a meaningful inflection point. Not only has TLT failed to sustain a bounce from recent oversold conditions, but the accompanying rate-sensitive sectors in...

09Nov10:42 amEST

Omarosa: If You Were Me, Who Would You Fire?

On the back of the surprise Trump victory, we are seeing a game of musical chairs below the market's surface. Ironically, it is reminiscent of a boardroom scene from "The Apprentice," in terms of discerning the winners and losers. Firearms plays like RGR and SWHC are being sold aggressively, as are solar plays. But banks, steels, and biotechs...

08Nov3:53 pmEST

Stock Market Recap 11/08/16 {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...

08Nov3:47 pmEST

A Full, Traditional English Brexit or a Continental Breakfast?

By the time we wake up tomorrow, we should have a full grasp as to whether markets are headed towards a Brexit-style swoon after tonight's election, or instead an understated continental breakfast. On some level, with Brexit only a few months removed, it is hard to see markets really swooning the way in which we did back then. But that need...

08Nov1:42 pmEST

A Premium Placed on Price

Beyond leaders like PCLN rallying sharply after earnings today, another idea is to scout out potential new leaders in their own specific industry. As an example, Planet Fitness prices gym memberships usually far below completion. And with health insurance premiums in the news across the country for rising sharply, Americans may very well save...

08Nov10:52 amEST

Another Copper!

To follow-up on yesterday's note about the recent strength in copper and its potential to become much more relevant again, both the copper metal and copper miners like FCX are surging again today. Freeport, a premier copper miner, is clearing multi-month resistance here which, once again, smacks of something beyond a mere short squeeze to keep...

07Nov3:46 pmEST

Stock Market Recap 11/07/16 {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...

07Nov3:45 pmEST

Running on a Specific Platform

Stocks are mostly still running here into the bell, as the majority of today's gains held true. Bulls look to close us back over 2120 on the S&P 500 Index, a good first step for them as volatility gets crushed. Priceline earnings after the bell should shed some light as to whether this leader can remain intact, given that PCLN's chart has been...

07Nov12:59 pmEST

Come and Get Me, Copper

Now that plenty of market players and pundits alike have trivialized, if not mocked, the lack of correlation between copper and risk appetite for a while now, it would be very typical of markets, indeed, for copper to now suddenly begin to take on global significance to markets, again. Either way, on its own merits copper has been basing...

07Nov10:34 amEST

Fall Back, Spring Ahead Into Election Day

This morning's sizable gap higher across the major indices is surely about politics...or is it? To be sure, FBI Director Comey's letter yesterday added some fuel to the short squeeze fire overnight in the futures market, which is thus far carrying into this morning's session. However, as we noted for Members of Market Chess Subscription...