New Retail Leaders Are No Joke

10Oct10:48 amEST

That Special Diamond at Wal-Mart

Some positive news flow is helping Wal-Mart gap higher this morning, up and out of daily chart base consolidation. Recall that it was not too long ago that WMT was considered obsolete, rendered as much by Jeff Bezos and his budding empire destroying all things retail. While we generally respect and accept AMZN's dominance, it is also likely...

09Oct3:53 pmEST

Stock Market Recap 10/09/17 {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...

09Oct3:52 pmEST

GE Not Very "Technically Correct" On Columbus Day

On this Columbus Day, with the bond market closed with stocks open, one of Wall Street's iconic stocks from the Nifty Fifty, GE, is not very "technically correct," seen below on the quarterly chart. Simply put, GE is one of the few mega cap stocks in the market which remains in a long-term downtrend (lower highs, lower lows) since the turn of...

09Oct1:23 pmEST

A Hardcore Pawn Strategy

Gold bugs have a few more glimmers of hope for a new bull run today, beyond seeing the promising action to start the week in the precious metals and most miners, themselves. Specifically, to return to a "tell" we looked at previously, pawn stores can typically mirror the price of gold and, at times, front-run it. Thus, with EZCORP, Inc.,...

09Oct10:42 amEST

Imitation is the Sincerest Form of Flattery

With another benign open this morning, it is worth considering that we could easily be at a phase in this rally where the most downtrodden, left-for-dead high beta names suddenly reverse higher and trap latecomer shorts. Fitbit is one such idea, on the first daily chart, below. Note FIT has reclaimed its 200-day moving average and continues to...

07Oct9:38 pmEST

Weekend Overview and Analysis 10/08/17 {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...

07Oct9:36 pmEST

Saturday Night at Market Chess Cinemas

Breathless (1960) is likely the first film which comes to mind for most when we think about French "New Wave" cinema. The film is w ritten and directed by Jean-Luc Godard. The story centers around slick, nomadic criminal ( Jean-Paul Belmondo ), who models himself after the film persona of Humphrey Bogart, and his American girlfriend ( Jean...

06Oct10:47 amEST

One Final Chance

The tedious price action in gold miners continues this morning, albeit with a glimmer of hope in the way of a reversal off the key $23 price level for GDX, the senior gold miner ETF. For a while now, miners have been pulling back as the U.S. Dollar stabilizes a bit in the face of rising rate hike odds for the December Fed Meeting. Still, it...

05Oct4:52 pmEST

Stock Market Recap 10/05/17 {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...

05Oct3:46 pmEST

New Retail Leaders Are No Joke

While it may be enjoyable to poke fun at the notion of discount stores emerging as new retail leaders, the reality is that names like FIVE OLLI, even DG DLTR have all been acting notably well of late, ignoring the department store shellackings we saw with JCP JWN M, to boot. Regarding Five Below, the zoomed-out daily chart shows a strong...