Weekend Overview and Analysis 08/16/15

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...

17Aug12:27 pmEST

The Ghosts of Autos Past

After catching a monstrous price target upgrade from Morgan Stanley over the weekend, Tesla Motors gapped up higher at the open. In the upgrade, Morgan noted that they see TSLA eventually larger than Ford and General Motors. Indeed, if TSLA is going to be the next F or GM, then the template of, say, GM's share price performance from...

17Aug10:14 amEST

Crude, Where's My Car to Climb the Wall of Worry?

Despite gaps higher and impressive relative strength in KITE MBLY and TSLA this morning, equities as a whole are under a bit of pressure after a solid close last Friday. While pinpointing an exact reason for moves in the markets is often futile, it is worth noting that crude oil continues to stay weak, unable to muster even a modest...

16Aug2:52 pmEST

Weekend Overview and Analysis 08/16/15

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...