March Madness...or March Sadness

05Mar3:47 pmEST

Stock Market Recap 03/05/18 {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...

05Mar3:36 pmEST

Here's Where Under Armour Needs to Feast After Its Famine

After some high level executive changes, Under Armour's stock is trying to take some notable technical strides after its recent better-than (or not-as-bad-as-expected) quarterly earnings report. To be sure, there are plenty of sound retail chart from which to choose, such as LULU, if UAA is out of your wheelhouse. But with Under Armour bears...

05Mar2:04 pmEST

Can You Handle Strong Cocoa?

Perhaps a better question is: Can the economy handle the rising prices now in an assortment of soft commodities? Cocoa and soybeans, in addition, to cotton, are out in front of most softs here. On the NIB ETN for cocoa, below, we can see a decisive base bottom breakout in play. The softs have been notorious teases for years, with no real...

05Mar10:32 amEST

These Stocks Are No Doubt Raising the Steaks

Not only are the major steakhouse firms (or the "quartet," as I refer to the, BLMN DFRG RUTH TXRH) outperforming most restaurant stocks of late, but they also make logical targets for activist investors and/or private equity firms seeking a takeover. Indeed, the same can be said for virtually all dining stocks, including fast food. But the...

03Mar7:33 amEST

Weekend Overview and Analysis 03/04/18 {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...

03Mar7:30 amEST

Saturday Night at Market Chess Cinemas

Happiness (1998) is a disturbingly dark yet high quality, under-appreciated film. It also features the late-Philip Seymour Hoffman in one of his more archetypal performances. Written and directed by Todd Solondz, the indie auteur of Welcome to the Dollhouse (1995), the film also stars Jon Lovitz, Lara Flynn Boyle, Jane Adams, and the...

02Mar2:24 pmEST

How Aggressively Will You Play Ace-Queen?

The San Jose-based multi-gig Ethernet solutions chip supplier Aquantia, which IPO'd last November 2017, presents a similar dynamic which many strong individual chum, software, and biotech charts are offering up this afternoon. One the one hand, Aquantia, below on its daily chart, is an enticing long setup, with price threatening to break the...

02Mar10:48 amEST

A Smoot Point Over the Long Hawley

The protectionist tone and measures by President Trump and his Administration is understandably conjuring images from the 1930s of the Smoot–Hawley Tariff Act and subsequent fallout. Back then, the overriding intention of the Bill was to protect U.S. farmers against agricultural imports. However, the Smoot-Hawley Tariff Act wound up escalating...

01Mar4:53 pmEST

Stock Market Recap 03/01/18 {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...

01Mar3:37 pmEST

March Madness...or March Sadness

As exhilarating as some parts of today's trading session have been for bears, what with the unceremonious drops on the indices throughout the day, the truth of the matter is that bears may still be set up for march "sadness" if they cannot violate the two-year-plus uptrend in the IWM, ETF for small caps in the Russell 2000 Index. On the IWM...