Cornerstone in the Corner Pocket

19Feb7:55 pmEST

Billy Walters: Gambling Legend {Updated}

On this holiday weekend, a great segment several years ago from 60 Minutes is worth watching, along with an update. Billy Walters was at one time considered "the most dangerous sports bettor in Nevada," by the oddsmakers. And this piece examines his methods. Beyond enjoying this segment, it is instructive to try to make connections between...

18Feb2:43 pmEST

Saturday Night at Market Chess Cinemas

Few films have been as quoted--and especially referenced--as Deliverance (1972). Ironically, many "millennials" likely are not even aware this film exists, as it was released some thirty-five years ago at this point and has seen its ubiquity taper off over the last decade or so. But that is unfortunate, since we live in a nation now with...

17Feb9:31 amEST

Lighting Up in the Dead of Winter

Stocks are off a bit as we head into a long, holiday weekend with markets closed on Monday. One part of the market which has been particulalry impressive of late has been the consumer staples, with UL front and center, spiking higher this morning in light of the Kraft takeover drama. Typically, those defensive staples housed in the XLP ETF...

16Feb4:47 pmEST

Stock Market Recap 02/16/17 {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...

16Feb1:15 pmEST

It's All About Automation

Control4, trading under ticker CTRL, is a strong daily chart one of our Members noted, with price flagging high and tight after a recent earnings rally. Below, find an interview about BakPak integration, one of the technologies for automation (the word of the year so far) management for connected homes. As for the market at-large, dip-buyers...

16Feb10:40 amEST

Ironically, Bears Have Nowhere to Go But Las Vegas

The irony is so thick that even the most stereotypical hipster in Williamsburg, hunched over an obnoxious-sounding typewriter in a crowded coffee shop with patrons patiently waiting for an open table, would be skeptical of the notion that the only place a bear can find a home in this stock market is in Vegas. And, yet, after MGM's earnings...

15Feb3:47 pmEST

Stock Market Recap 02/15/17 {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...

15Feb3:44 pmEST

Cisco on a Road Trip to Value City

In front of earnings tonight, Cisco is breaking out on all timeframes. The mature tech play is clearly in the value phase of its existence. Thus, for many market players, including myself, the juicier information on tonight's earnings call will be any specific stocks or sectors upper management mentions on the call--After all, CSCO is almost...

15Feb1:16 pmEST

Teck's Cup and Too-Hot-to-Handle

Teck Resources, unquestionably one of the major materials mining leaders over the last year, is selling off aggressively into the afternoon after its latest earning report. Headed into the report, TECK had been sporting an attractive daily chart setup, with a "cup and handle" formation near recent highs and the presumption of another upside...

15Feb10:38 amEST

Cornerstone in the Corner Pocket

Given the success of some monstrous growth technology firms in the software and internet content arena, such as SHOP WIX, we want to see potential follow-on winners, too. Cornerstone OnDemand is one candidate, with earnings now out of the way. The firm has been rumored to be for sale. But even if no buyout occurs, the daily chart for CSOD,...