Stock Market Recap 03/01/17 {Video}

06Mar10:37 amEST

Taking Notice of These Moves

The broad market is still giving the look and feel of consolidating recent gains, as the indices pull in to kick off the week. Case in point: The small cap stocks in the Russell 2000 Index gapped below the $138 level on the IWM ETF, a sign in and of itself of a consolidating market with upside momentum on the shelf for now. Moreover, the weak...

04Mar1:36 pmEST

Weekend Overview and Analysis 03/05/17 {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 markets. Please click here for more...

04Mar1:34 pmEST

Saturday Night at Market Chess Cinemas

Not only did we recently celebrate the thirty-seventh anniversary of the famous "Miracle on Ice," when Team USA hockey defeated the Russians at the height of the Cold War in arguably the greatest upset in sports of all-time, but the NHL playoffs will be here before you know it this spring. As a result, the great comedy Slap Shot (1977) is...

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...