Go See Q Before You Call a Top

15Dec1:42 pmEST

Gold Bugs Not Quite Out of Business Yet for Christmas

As ugly as this sell-off in precious metals and miners looks and must feel for longs, the reality is that the metals and miners are still above their 2015/early-2016 respective lows. As such, the case for a bear market bottoms is still in play, even if it is under duress at the moment. On the GDXJ (ETF for those wildly volatile junior gold...

15Dec11:11 amEST

Chasing CHiPs

As we wind down 2016 for a remarkably resilient stock market, a performance chase by fund managers into the unflappable semiconductor sector becomes a more viable scenario. Beyond that, we know a last-minute M&A spree still may materialize before the ball drops in Times Square, as there are many buyout targets still in contention. Regarding...

14Dec3:51 pmEST

Stock Market Recap 12/14/16 {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...

14Dec3:50 pmEST

Two What? What was That Word?

We have a mild sell-off going after The Fed raised rates and hinted at a few more hikes in 2017 to come. Stocks are mixed, to my eye. But the REITs in the IYR sector ETF and the utilities in the XLU are responding on kind to The Fed's hawkish tone. These are traditionally "rate-sensitive" sectors, so it makes sense to see them soft here. When...

14Dec1:24 pmEST

Resume the Hike

A widely-expected rate hike coming up later this afternoon by The Fed is likely on tap, as stocks meander into the event. Some big winners this year like the chip play NVDA and several materials miners (AKS CLF X) are flexing here. But it is tough to make too many assumptions in terms of the market's specific reaction. We can, however, make a...

14Dec10:44 amEST

Sharing Good Homework

If you love actionable ideas in a no-nonsense environment, then our Members inside the services are consistent in identifying great ideas which I then share with the group. Headed into 2017, one such idea could easily be a resurgence in the pharma/healthcare space. Should that materialize, it is hard not to like a mid-cap drug play like Aerie,...

13Dec3:50 pmEST

Stock Market Recap 12/13/16 {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...

13Dec3:48 pmEST

It Looks Fully Baked In

A likely Fed rate hike tomorrow afternoon has probably been priced into the market already, be it with the sell-off in TLT or the rally in financials. Looking out to 2017, I am not so sure a series of hikes has been priced in yet, however. But that will be a battle to fight a different day. For now, technology stocks like FB mostly benefitted...

13Dec1:24 pmEST

Volume on the Menu at Steakhouses These Days

The high-end steakhouse chains, DFRG RUTH, respectively below on their daily charts, are sporting strong buy volume over a number of weeks, even months now, to accompany their rallies in price. This type of action likely indicates "accumulation," or heavy buying by institutions. Thus, in addition to the improved action in some casual and...

13Dec10:45 amEST

Go See Q Before You Call a Top

Small caps are flipping red this morning, along with banks, clearly at odds with yet another gap higher on the Dow. Moreover, the Nasdaq heavyweights in the QQQ are attempting to benefit from another in a long line of musical chairs-esque rotations back down to them, after having previously lagged the post-Election rally. I am looking to see...