A Fine Idea if Chips Don't Go Straight to Hell

23Jul1:30 pmEST

Strong Demand for Eye-talian Food at Olive Garden

Darden Restaurants, Inc. is perhaps best known as being the rightful owner of Olive Garden, the epitome of the Americanization of Italian food with dishes such as, "Meatball Pizza Bowl" and "Italian Nachos," just like they eat in Rome. But DRI also owns six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze,...

23Jul9:50 amEST

High Noon Standoff Approaching

We are unlikely to see resolution in the bond market before the autumn months, if at all. But the ongoing range for Treasuries continues to merit attention regarding the next directional break we see, as illustrated by the landlocked TLT daily chart, zoomed-out below. TLT is indeed a rough proxy for Treasuries, though it does capture the...

22Jul8:37 pmEST

Weekend Overview and Analysis 07/22/18 {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 markets. Please click here for more...

22Jul12:20 pmEST

Sunday Matinée at Market Chess Cinemas

Seeing as it is new to Netflix this month, I would be remiss not to recommend one of the better films from the 1990s as a whole, not to mention the best film in what many film commentators and historians dub the "gangsploitation" genre prevalent in the early-1990s. Menace II Society (1993) is a mesmerizing film and a stunning debut for the...

20Jul10:58 amEST

Anyone Up for a Quick Trip to Brazil?

At various times it can seem as though the visible emerging markets, namely the "BRIC" countries of Brazil, Russia, India, and China, can often be attached at the hip to gold. After all, if the U.S. Dollar is rising, as it has of late, then gold often slumps as do most commodities. And, oftentimes in sympathy, emerging markets are struggling,...

19Jul6:07 pmEST

Stock Market Recap 07/19/18 {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...

19Jul1:05 pmEST

Emerge or Diverge

Working our way through the early-afternoon portion of today's session, stocks continue to sport a notable divergence, with small caps holding green and not far from an attractive upside breakout above $169/$170 (seem on the IWM ETF daily chart, below), while the Dow is struggling to hold bounces and is down triple-digits as the Nasdaq softens,...

19Jul10:51 amEST

Pecking Away

A key component of summer trading in the markets is staying methodical in your approach, since oftentimes there will be plenty of drifting action which frustrates even the most explosive of chart setups and sector rotations. We seem to have a good deal of that phenomenon this summer, too, albeit with the indices at or not far from all-time...

18Jul3:20 pmEST

Stock Market Recap 07/18/18 {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...

18Jul3:13 pmEST

A Fine Idea if Chips Don't Go Straight to Hell

It has been a spotty summer for chips, indeed. Should they regroup or at least knock out a more defined range for the rest of the summer, I still view Cree as one of the better sleeper, turnaround long plays in the sector. On the CREE daily chart, below, we can see as much, what price perhaps forming a higher low on this recent dip after...