Crude, Where's My Bottom?

24Jun11:16 amEST

Saturday Night at Market Chess Cinemas

I must admit that I was not expecting much as I was walking into the theater to see director David Fincher's investigative thriller, Zodiac (2007). Then again, at the time, in 2007, I was dating a young lady with a keen interest in true crime novels, and the other choices of films to see were fairly unappealing. Despite my initial...

23Jun1:40 pmEST

The Hipster Rotation

Since rotation is the name of the game for bulls (see biotech this week as evidence), as long as that continues then we must consider some trendy "hipster" plays like ETSY and FIZZ, seen respectively below on their daily timeframes. As you can see, and as one of our Members astutely noted about ETSY, both charts are sporting impressive...

23Jun10:42 amEST

Hold My Beer While I Look for a Bottom in Steels

Thanks, in part, to an upgrade by Deutsche Bank this morning, AK Steel (AKS) is leading the steel sector in a long overdue snapback rally as we speak. For a while now, steel stocks have disappointed not only dedicated steel/materials bulls but also those who were adamant about the "Trump Trade" prevailing in an endless series of wins for...

22Jun4:50 pmEST

Stock Market Recap 06/22/17 {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...

22Jun3:43 pmEST

Turnaround Time for This Brand

Coinciding with the NBA Draft tonight, and likely Los Angeles Lakers' pick Lonzo Ball (alongside his outspoken and enterprising father, Lavar Ball, seen above, founder of the "Big Baller Brand") seeking to turn around the lowly Lakers' fortunes to revive the old tradition, BlackBerry reports earnings tomorrow morning before the bell. BBRY is...

22Jun1:32 pmEST

Karma is on Hold for Pharma

Against the backdrop of a pill-popping population and pill-peddling physicians more than toeing the line over the Hippocratic Oath , i t felt so right and righteous to see the pharma stocks mostly get clobbered in recent quarters. On a nightly basis for Members since late-2015, we were consistently bearish the likes of MNK NBIX HZNP VRX,...

22Jun10:40 amEST

The Most Beautiful Solar Wall You Have Ever Seen

For the politically-charged dogmatic types, it may very well prove to be the ultimate plot twist if solar stocks performed terribly in the Obama years only to then bottom in the first few months of a Trump presidency and stage a new bull run. First things first, though, and with Trump floating the idea of a "Solar Wall" on the U.S./Mexico...

21Jun3:46 pmEST

Stock Market Recap 06/21/17 {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...

21Jun3:44 pmEST

Come on, Kryptonite!

At the risk of a "Mush" situation, it looks as though we have some form of speculative fervor taking place in the biotech arena, with healthcare names on the outskirts of town also getting a boost. At this point, some are rather extended while others are not, which of course means we need to hone in on the ones setting up at present. To...

21Jun1:17 pmEST

Crude, Where's My Bottom?

Once again, the small cap weakness coupled with persistent selling in the energy sector at-large seems to be slightly outweighing biotech and select tech strength today. As a result, I am not forcing in new longs for what is an increasingly divergent market. As an aside, it is interesting to see the solar outperformance, however, with RUN VSLR...