Bulls Make Money, Bears Make Money; Carnitas Get Slaughtered

08Dec1:37 pmEST

Why is VIX All Alone? No Friends, No Friends

The typically-destitute VIX (CBOE Market Volatility Index, measuring "fear" as a proxy from the options market) is higher for the second day in a row, today up a reasonable amount considering indices are squeezing higher yet. When the VIX is below 20, as a general rule, and VIX futures are in contango, it is tough to get too excited about...

08Dec10:51 amEST

Ferret Out a Winner in Trench Warfare

You have to really feel for biotechnology bulls in this market, with the indices making fresh highs and this morning's softness thus far proving to be rather benign. And, yet, the biotechs are still reeling form Trump's comments yesterday while the IBB XBI sector ETFs continue to sport corrective charts not yet healed. Major biotechs like GILD...

07Dec4:02 pmEST

Stock Market Recap 12/07/16 {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...

07Dec3:55 pmEST

Twitter Released After One Year for Good Behavior?

Twitter may very well be before the parole board here, having put in its time skipping along a series of lows in 2016 amid the broad market making new highs. And if the parole board releases Jack and company on good behavior, it could suddenly be a fun 2017 for the bird. One step at a time, though, especially since Twitter managed to...

07Dec1:31 pmEST

A Different Kind of Cloud Stock

It is that type of market these days, with materials and coal stocks staging an epic resurgence once thought impossible, based on their price action in recent years. And, yet, a coal play like Cloud Peak Energy, below on the daily chart, is an excellent candidate to follow other coal plays higher which we have highlighted for Members, namely...

07Dec10:49 amEST

We Can Look at the Positives and the Negatives

On this National Pearl Harbor Remembrance Day, we can look back at the horror suffered in Hawaii, awakening the sleeping giant known as America and bringing us into World War II in an active role. But we can also look at the new heroes which later emerged, such as John Basilone (pictured above receiving the Medal of Honor) who nearly...

06Dec3:48 pmEST

Stock Market Recap 12/06/16 {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...

06Dec3:39 pmEST

One Time, Dealer! One Time

The casinos did a nice job of bouncing back today, with LVS MGM WYNN all posing threats for a year-end rally. Beyond them, I want to see if the main slot maker IGT can stabilize for another push higher before 2017. And then there is MPEL, a pure play on Macau gaming which has also been solid of late. But the sleeper play, to me, still seems...

06Dec1:34 pmEST

European Vacation Looking Better on Many Fronts

The major European banks, BCS CS DB, all three of which were printing fresh lows on a daily basis earlier this year, are now suddenly surging and flashing signs of putting in intermediate-term, if not longer-term, bottoms. A major part of the bear case for global dislocations in markets seemed to hinge on the notion that at least one of...

06Dec10:43 amEST

Bulls Make Money, Bears Make Money; Carnitas Get Slaughtered

Chipotle Mexican Grill, a name we have recently been noting as a renewed short setup for Members, is knifing down more than 6% this morning after its co-CEO said he was nervous about the firm hitting year-end guidance. Putting that news to one side, the overarching trend for CMG remains firmly down, with plenty of other casual dining stocks...