Feels Old School Out There

28Oct9:27 pmEST

Saturday Night at Market Chess Cinemas

Say what you want about filmmaker Oliver Stone (he is unquestionably "out there"), but there is no denying he remains one of the most legendary auteurs over the last several decades of cinematic history. We market players know him as the guy who directed (and co-wrote) the iconic Wall Street (1987). However, his body of work is composed of...

27Oct2:45 pmEST

Van Tharp on Position Sizing

I suppose it is not very fashionable to discuss risk management strategies, like position sizing, in the midst of this legendary bull run. So, consider this an educational post more than anything else for you to ponder over the weekend. Nonetheless, I can assure you down the road the market tide will turn. And when it does (if it is not...

27Oct10:57 amEST

The Virtual Reality Play No One is Talking About

Lost in the shuffle of the NVDA bull run relating to virtual reality has been some intriguing plays which are not garnering much attention. Dolby is a name we have been noting for Members for a while now, though an earnings shakeup this week sees DLB needing some time to tighten its otherwise sound chart back up. But IMAX may very well be the...

26Oct3:41 pmEST

Stock Market Recap 10/26/17 {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...

26Oct3:37 pmEST

Your Money or Your Life? I'm Thinking it Over!

A quick way to remember the retail sector strength of late may very well be to conjure up memories of legendary comedian Jack Benny. Much of Benny's schtick often revolved around him being a miser, as evidenced in the audio clip, below. With this in mind, note that the bargain-hunting segment of retail, be it DG DLTR EZPW, among others,...

26Oct1:25 pmEST

A Sloppy Yet Ultra Clean Chart

Ultra Clean Holdings, Inc. has been one of the more compelling growth plays in the hot semiconductor this year. Despite the sharp price rapidly advancing for much of 2017, the firm's market still never really held above $1 billion. Despite the growth potential, today's 20% gap down after earnings drives home the risks associated with holding...

26Oct10:20 amEST

Sounds Like a Bird

The headlines off Twitter's earnings report this morning are mostly focusing on the idea that the long-time social media laggard could finally turn a profit sometime soon. If Twitter were a young athlete, we would say that TWTR had tons of raw, but undeveloped talent. In other words, TWTR has all the potential in the world to be a dominant...

25Oct3:48 pmEST

Stock Market Recap 10/25/17 {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...

25Oct3:44 pmEST

Keep an Eye on This

Like most macro theses, the case for higher rates has taken its sweet old time to develop. And, frankly, if we are headed in that direction then we are beholden to the market, who will take us there when she is good and ready. It is also worth noting that there are a few ways to interpret higher rates, be it justified with strong economic...

25Oct1:30 pmEST

Feels Old School Out There

The CBOE Volatility Index (popularly known as the "VIX") is finally popping today alongside the selloff in equities. Indeed, it has been quite some time since we have seen a VIX move which did not immediately get smacked down. Thus, it will be interesting to see if the move higher in the "Fear Index," as the VIX is often referred to, will...