Weekend Overview and Analysis 10/15/17 {Video}

18Oct10:44 amEST

The Big Blue Sinkhole Shows Life

The Dow Jones Industrial Average is up by triple digits this morning, even as the Nasdaq Composite Index has intermittently been flashing red since the open. The Dow can thank, in large part, IBM ("Big Blue" as it known), for an earnings rally. Long-time readers will recall IBM is a name we had consistently been bearish on since around...

17Oct4:04 pmEST

Stock Market Recap 10/17/17 {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...

17Oct3:54 pmEST

The Dow is the Head Coach

Another day where the Dow strength seems to be masking a bit of sluggish action underneath the hood of the car. Clearly, bears need more violent downside moves. However, with an ugly GS post-earnings reversal, NFLX fading a bit, and small caps dipping, backing away from too much aggression on the long side makes sense, too, in front of IBM and...

17Oct1:33 pmEST

A Sonic Boom for This Sector

On the back of an earnings rally from Sonic, restaurant stocks are mostly catching a decent bid amid an otherwise painfully slow trading session. With plenty of earnings still ahead of the sector, it is tough to get too excited just yet about the breakouts in, say, Texas Roadhouse, below on the daily chart and with earnings on October 30th. ...

17Oct10:38 amEST

These Charts Need More Law & Order

Despite the Trump Administration's tough stance on crime and criminals, the prison stocks, CXW GEO, have been noticeably cooling off since the spring months. Recall that the private prisons (also functioning as REITs) rallied sharply in the wake of Trump's surprise victory last November. But now comes the true test of mettle, as both daily...

16Oct3:37 pmEST

Stock Market Recap 10/16/17 {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...

16Oct3:30 pmEST

In the Midwest, They Call it "Pop"

The three horse race (with New Age Beverages Corporation [NBEV] and its kombucha drinks as a dark horse) between FIZZ MNST SODA to get fully bought out has been rather interesting to watch. At the moment, SODA is sporting an intriguing chart on the long side, though MNST looks sound and FIZZ may be trying to stabilize after its recent...

16Oct1:33 pmEST

An Obvious Mask

As promising as a slew of mid-cap biotechnology stocks looked this morning, they now look equally as lethargic on the back of a midday downside reversal on the back of some comments by President Trump regarding drug pricing. I still want to gauge the late-afternoon price action, in order to see if buyers are willing to hop back in the saddle...

16Oct10:35 amEST

The Rising Fall Sector Foliage

An opening bounce on the major averages is morphing into an early grind, as the pertinent issue for equities remains whether bulls can continue to sustain adequate sector rotations to stave off a much-anticipated pullback. Earnings season in October would, logically, seem to be the time for an extended market to correct. However, this market...

14Oct8:58 pmEST

Weekend Overview and Analysis 10/15/17 {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 mark Please click here for more...