The Casual Consumer

19Aug4:56 pmEST

Stock Market Recap 08/19/15 {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...

19Aug3:11 pmEST

On Edge Into the Final Hour

Even the strongest breakout plays, such as MBLY, are not sticking as you would expect them to in a trending market. While GOOGL and other leading issues are hanging in there, the market remains suspect for a late-day fade. On the whole, the action has been whipping around today and I am focused on not forcing in new traders. Crude and energy...

19Aug12:03 pmEST

This is Really Going to Hurt

Crude oil is back at it again today with its swoon, along with energy stocks--And major ones at that, such as SLB. I day-traded crude on the long side quickly yesterday, inside Market Chess Subscription Services , but had virtually no intention of swinging it overnight due to the continued risk in the complex. And when I say risk, I am...

19Aug10:34 amEST

Catching a Whiff of Higher Rates

While it still may be premature to look for the 10-year to move back over 3% anytime soon, it is noteworthy to see yields rising today along with falling equity prices. One of the proxies we are observing for trade ideas and for a general view of rates is the action in the commercial real estate stocks in the IYR, ETF for the REITs. REITs are...

18Aug4:48 pmEST

Stock Market Recap 08/18/15 {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...

18Aug3:13 pmEST

Tough to Cook Up Much with These Bittersweet Chips

Another part of the market bulls likely need to conquer in order to see another run towards fresh highs, in addition to the small caps in the Russell 2000 lagging again, would be the semiconductors. For a while now, the semis have been unraveling after leading for quarter on end. Their recent weakness has largely been ignored by the tape, as...

18Aug12:37 pmEST

Separate the Innocent from the Guilty

To follow-up on recent blog posts about Walmart and many consumer discretionary names, we still have the likes of Home Depot (HD) making fresh highs today to perpetuate a multi-year if not steep uptrend. Starbucks and Amazon remain incredibly resilient, to boot. But Disney is still struggle after its recent earning gap lower. Disney, like HD...

18Aug10:17 amEST

There's a Big Fight at Walmart

Long-time readers will recall that I was wildly bullish on WMT back in October 2011 as a long-term investment idea. The stock had been basing sideways for over a decade, and was widely considered to be a byproduct of capitalism's creative destruction, succumbing to pressures from the likes of AMZN COST, among others. Still, the chart was...

17Aug5:08 pmEST

Stock Market Recap 08/17/15 {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...

17Aug2:52 pmEST

The Casual Consumer

With WMT earnings tomorrow morning before the bell, it is worth noting that a few "casual" consumer plays are firming up. In particular, some of the casual dining plays, like PNRA, are still sporting solid overall technical charts. And if the market is going to sustain a rally this week, I expect them to outperform, though it will be...