Regional Banks Forming Their Own Super PACW

19Aug1:22 pmEST

Dog Days of Summer: We All Have it Coming, Kid

The plot for the great Clint Eastwood film, Unforgiven (1992), is set in the fictional town of Big Whisky, Wyoming, which makes me think of next week's Jackson Hole Symposium in the same state. With events kicking off on Thursday, and Janet Yellen speaking there for the first time in two years, the market may very well stay in a holding...

19Aug10:52 amEST

A Slowly Unfolding Treat

On the back of Foot Locker's rally after strong earnings, both NKE and UA are jumping as I write this. For a while now, NKE and UA have been lagging the market's post-Brexit advance to new highs. We had intermittently looked at them as quick short ideas, though they both had been firming up a bit better of late. On the weekly chart for UA,...

18Aug3:50 pmEST

Stock Market Recap 08/18/16 {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...

18Aug3:49 pmEST

A Rotation Day...and Corn

Amid quiet indices, it was a good day to let hot but crowded names like TWLO unwind a bit, instead focusing on the rotations into energy, select tech, and even chemical plays. Indeed, many energy and chemical plays are on the cusp of meaningful breakouts if they can sustain their recent progress, building on last week's failed breakdown in...

18Aug1:13 pmEST

A Quiet Summer Day from Afar

On the surface, the S&P 500 Index is printing a "doji" day so far, meaning a rather tight range and indicative of some mild indecision on the part of market players. Below the surface, we have some bonafide blow-ups in the private prison arena, with CXW and GEO down more than 35% as I write this on news the DOJ will no longer be using them for...

18Aug10:16 amEST

Tony Soprano's on His Way out, and I Mean as in Forever

Waste Management, Inc., in addition to the traditional utilities, REITS, classic staples, has also been a bastion for yield-seekers/chasers in a global low interest rate environment for years. The "waste management" or garbage disposal business seems inherently safe on a variety of levels. And the yield was extremely attractive to the fixed...

17Aug3:38 pmEST

Stock Market Recap 08/17/16 {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...

17Aug3:34 pmEST

Fed Member Earl of Sandwich was Indecisive on a Rate Hike

After the Fed Minutes today stocks are bouncing back, with the SPY over $218 now into the final moments of the day. It is still tough to become too bearish on this tape until we see sellers hold down some of these moves. While momentum to the upside has been skittish since Monday, on the whole, there are some hidden gems perking up we are...

17Aug12:53 pmEST

Taking Gold Miners One Step at a Time

Much like momentum stocks of late, gold miners are seeing the upside action cool off considerably this week. Gold (and its derivative plays) typically enjoys bullish seasonality in September. So we may simply be seeing the pause which refreshes right now. When you consider the ferocity of the uptrend since a false breakdown in January of this...

17Aug10:49 amEST

Regional Banks Forming Their Own Super PACW

Given the selling we have seen in the utilities and REITs of late, the yield-chasers may be scrambling for the exits, finally. The reason for such an exit would be a hawkish tone by the Fed, once again. The Fed has bluffed quite a few times of late and may be prepared to bluff at higher rates, once again. But the selling in the IYR and...