Stock Market Recap 02/06/19 {Video}

12Feb3:39 pmEST

Another Trap House for Homebuilders?

To follow-up on some blog posts over the last few weeks, it looks as though the homebuilders have finally woken up. Once the XHB ETF, updated, below on its daily timeframe, successfully reclaimed the $36 level bulls sure seemed to be galvanized by that development. And today's candlestick furthers that notion, with a solid green candle and no...

12Feb10:54 amEST

It's the Reaction to the Reaction

After initially dipping on its earnings report, shares of Under Armour are now impressively higher on the session as I write this. On the UAA daily chart, updated below, we can see today's candlestick (arrows) being formed had threatened to break a sideways, multi-week base consolidation lower before buyers stepped in and ripped the stock the...

11Feb3:46 pmEST

Still on the Prowl

Despite the sleepy market action today, or perhaps because of it, bulls are still far from feeling threatened in terms of bears succeeding in rolling this tape back over. Simply put, the old axion about not shorting dull markets has generally survived the test of time on Wall Street for good reasons. Furthermore, the small cap outperformance...

11Feb10:58 amEST

Don't Play Taps for Retail, Just Yet

During the swoon we saw to close out 2018, not to mention parts of January when department store titans like Macy's and Nordstrom gapped down violently, retail stocks suffered a fair amount of damage even compared to other sectors during the correction. However, some intriguing names have been popping up of late, including the likes of Lovesac...

10Feb2:02 pmEST

Weekend Overview and Analysis 02/10/19 {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...

08Feb11:16 amEST

Improper Nostalgia

While bears have drawn plenty of historical analogies between the current broad market landscape versus, say, the spring of 2008, when a seemingly convincing rally fell apart at the seams and led to one of the most violent crashes in the last fifty years, we also must acknowledge that a plethora of tech plays (mostly in software, cybersecurity,...

07Feb5:01 pmEST

Stock Market Recap 02/07/19 {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...

07Feb3:17 pmEST

Playing Hard to Get

The seemingly inevitable market pause at a confluence of obvious resistance on most of the major index charts continues to play out, though bears are making their case more forcefully today than yesterday. Still, if we wind up merely backing and filling sideways for a few more days before bulls reassert themselves it is most definitely worth...

07Feb11:01 amEST

We Can Draw Lines Any Way We Want

One of the more challenging aspects of real-time, hands on charting software in the social media age is maintaining a certain degree of objectivity and consistency in our analysis. After all, we are the masters of our charts, at least superficially, and are therefore capable of drawing lines any way we wish. But if we are going to be on the...

06Feb4:58 pmEST

Stock Market Recap 02/06/19 {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...