Two Scoops of Black Friday and Cyber Monday

29Nov3:48 pmEST

Reduce and Realign

Much like the photo above, it is rather easy to view today's market action as a major peak or "top." But beyond the tech drubbing, which is only one day so far, the reality is that plenty of other sectors seem to be happily enjoying sector rotation. We need to pay close attention in the coming days to see whether these rotations have legs. As...

29Nov1:01 pmEST

Potato, Potahto, NVIDIA, Nevada: Don't Call the Whole Tech Off

Although we generally do not want to become too bearish, too soon on this historically resilient market, the aggressive selloff in the Nasdaq today is occurring on notably heavy volume in the midst of a classic sector rotation. I will flesh out what that rotation means, and some more actionable ideas stemming from it, in my usual Midday Video...

29Nov10:43 amEST

Late-Stage Waves

The clear rotation this morning down away from "FANG" plays and the general Nasdaq Composite Index towards banks, brokers, insurers, and retail stocks smacks of late-stage bull market rotations. When we think of "late-stage" moves, in may conjure up a variety of scenarios, though. Those who have been rooting for a market top will look for an...

28Nov5:03 pmEST

Stock Market Recap 11/28/17 {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...

28Nov3:42 pmEST

Death Valley for Shorts

An afternoon surge certainly gives the look and feel of a market wanting to squeeze out every last short-seller before we see any type of correction. With that in mind, a name like Fitbit, a long-time laggard which remains rather heavily-shorted, ought to be stalked on the long side to take advantage of such a scenario above $6.75. Note how...

28Nov1:10 pmEST

A Run Towards the Christmas Markets

Markets seem to be in the holiday spirit again today, as the indices defy the many top-callers and drift on higher. To be sure, there are still pitfalls, as we are seeing with the high beta China play, MOMO, getting wrecked on some news. Our focus for Members remains on sticking with the very best long setups but not becoming sloppy, either,...

28Nov10:44 amEST

RV's Cruising Along

On the back of Thor Industries, Inc. rallying 10% this morning after earnings, several other recreational vehicle plays are joining the party. For a while now, we have noted some quality charts in the group, be it CWH PII or WGO. In addition, LCII, below on the daily timeframe, fits right in with its RV brethren in terms of strong price...

27Nov3:52 pmEST

Stock Market Recap 11/27/17 {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...

27Nov3:51 pmEST

No More Shines, Billy

I know it is not as sexy as a crypto-related firm with post office box in Colorado, but the move in Skechers today furthers the bull case for a long-term turnaround. Moreover, footwear retailers continue to be a hot niche, albeit with ZUMZ reporting later this week as yet another litmus test beyond the recent FL SCVL earnings beats. As you...

27Nov1:04 pmEST

Two Scoops of Black Friday and Cyber Monday

Equities are mixed at the moment, with some parts of the Nasdaq looking a bit exhausted, short-term, while hot money players dabble in cryptocurrency-related plays. To be sure, a winner like Square (SQ) could use a few days to cool off and reset for a proper, lower risk swing long entry, and similar comments apply to the far more speculative...