Outback: Australian for Ignoring Del Frisco's Selloff

14Mar10:35 amEST

Role Reversal Continues

Even with some of the more prominent components of the iconic Dow Jones Industrial Average sporting deteriorating charts, one way bulls can prolong the party is for them to keep reviving the lies of previously-destitute Snapchat, Twitter, Twilio, among others. It is often said that rotation is the lifeblood of the bull, and that applies with...

13Mar4:40 pmEST

Stock Market Recap 03/13/18 {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...

13Mar1:56 pmEST

Tough Resistance After a Straight-Line Move

The small cap-dominated Russell 2000 Index, using its actively-traded IWM ETF (below, on the daily timeframe) as a proxy, is running into its prior January highs after a virtual straight-line move higher since the beginning of this month. With this in mind, some near-term backing and filling ought to be expected from most parts of the market,...

13Mar10:32 amEST

Stare at Pinched Lululemons Without Getting Caught

After lagging yesterday's tape, several quality intermediate-term chart setups for longs in the retail space are bouncing back this morning. Specifically, the likes of ANF CROX LULU SKX seem to merit our attention if they resume their prior uptrends anytime soon. LULU, with earnings in a few weeks on April 4th, remains in play from a variety...

12Mar4:43 pmEST

Stock Market Recap 03/12/18 {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...

12Mar1:30 pmEST

Will Archer Bulls Give a Daniels Midland?

The Archer Daniels Midland Company, a Chicago-based $24 billion-plus market cap firm and global food processing and commodities trading powerhouse, is shaping up as a reasonable "tell" as to whether we are indeed in the early stages of a new inflationary bull run for ags and most commodities. On the ADM monthly chart, below, it is hard not to...

12Mar10:26 amEST

Just Like Old Times for the Semiconductors

Micron is leading the charge higher for the semiconductor stocks housed in the SMH ETF this morning, with MU sprinting higher since dipping under $40 in early-February to a price of $58.65 as I write this. We have played a few chip longs of late in the service, such as CREE (an intriguing long-term turnaround play) and AQ (AI, self-driving...

10Mar11:11 pmEST

Weekend Overview and Analysis 03/11/18 {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...

10Mar11:09 pmEST

Saturday Night at Market Chess Cinemas

Riphagen (2016), currently available on Amazon Prime, was produced as a three-part miniseries, but was also deemed worthy of a theatrical release. The show is based on a fascinating real-life story during World War II in the Netherlands. via imdb.com The story about Riphagen, a cunning Dutch traitor during WW2 who helped Nazi round up...

09Mar3:32 pmEST

Outback: Australian for Ignoring Del Frisco's Selloff

Bulls are putting an exclamation point on the trading week, with the Dow up nearly 400 points as I write this. Leaders like Netflix remain seemingly invincible, and even troubled names like Wynn Resorts are enjoying a reprieve with bears back up against the wall, yet again. That said, the action beneath the surface could be better--and...