Stock Market Recap 08/29/16 {Video}

02Sep9:58 amEST

Rusty Retail Needs to Get Back on Track

Despite the continued resilience of buyers in the broad market, over the last week or so we have seen two of the better retail players this year get pummeled after earnings. Both FIVE and LULU are down sharply off recent highs. LULU, on the weekly chart, below, is obviously finding some overhead supply/interested sellers at prior highs (light...

01Sep10:37 amEST

Some Bad Guy Talk from Tesla, Solar City

Elon Musk may very well need to resort to "bad guy talk" to weasel his way out of this situation, as reports surface of a cash squeeze for both TSLA and SCTY. There is no doubt that TSLA, at one point, had the makings of a long-term super stock. However, the market set the bar extremely high for Mr. Musk, and he has clearly not answered the...

31Aug4:52 pmEST

Stock Market Recap 08/31/16 {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...

31Aug1:19 pmEST

The Mosaic Versus Under Armour Dynamic is a Microcosm of the Market

As the market puts the finishing touches on a choppy August, it is worth revisiting the Mosaic chart we observed yesterday when fertilizer plays were running off the AGU POT merger talks. MOS is threatening upside resolution from a symmetrical triangle consolidation (first weekly chart, below) after a steep, multi-year downtrend. Inversely,...

31Aug10:36 amEST

Just When You Thought Bird was Being Served for Dinner...

Just when it looked like the Twitter Bird was cooked, once again, on its recent pullback, the stock is waking up today right where it needed to from a technical standpoint. We have been tracking TWTR's methodical progress since the spring months, first by holding $14 as a sort of last-line-of-defense play to guard against a complete wipeout...

30Aug3:38 pmEST

Stock Market Recap 08/30/16 {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...

30Aug3:37 pmEST

Gold and the Miners: Be Like Archie Moore

The great and overlooked boxer Archie Moore's nickname, "The Old Mongoose," perfectly alluded to his legendary ability as a counter puncher. With this in mind, given the recent bouts of weakness in gold and miners, we are going to approach them into the end of summer much like Moore would: As astute counter-punchers in lieu of coming out...

30Aug12:59 pmEST

Representing Evansville, Indiana

The rotation into financials is showing signs of follow-through today, which is all the more impressive when you consider the market at-large remains mixed, at best, into the afternoon. Regional banks are slightly outperforming their larger counter-parts today. So, let us focus on an actionable idea on that sector. Based in Evansville,...

30Aug10:51 amEST

Canada Stealing America's Thunder This Morning

In the face of a soft, sloppy open on the major averages in the U.S., Canada's Potash and Agrium were said to be in advanced talks about a merger, according to Bloomberg. As a result, most ag plays are rallying sharply, obviously including AGU POT. However, from a long-term perspective I am intrigued by the chart of Mosaic. On the monthly MOS...

29Aug3:46 pmEST

Stock Market Recap 08/29/16 {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...