Tesla Headed Down the Road to Twin Peaks

05Oct1:16 pmEST

Tomato, Tomahto, Record, Rekkid

Headed into the heart of the afternoon portion of today's trading session it appears we have an old-fashioned melt-up making place in the Dow and S&P 500, and the small caps continue to drift up. Meanwhile, the Nasdaq's top 100 market-weighted ETF, QQQ, is just breaking out from a multi-month consolidation as Netflix shines on a price hike for...

05Oct10:44 amEST

Italy Plus Norway Equals Excellence

Crude oil is snapping back hard this morning, seen by strength the USO ETF, as are energy stocks housed in the XLE sector ETF. With the XLE pushing back over its 200-day moving average for the first time in a while as I write this, it is worth pointing out some names which are perhaps off the radar of most traders in America. Specifically, two...

04Oct3:54 pmEST

Stock Market Recap 10/04/17 {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...

04Oct3:52 pmEST

A Good Market to Stay Present

It strikes me that more and more market players, likely due to the social media effect, enjoy constantly making bold, directional calls about several markets and asset classes. But with the more bold predictions we see, the more anti-climactic the price action can often yield. Despite the senior averages flashing green, small caps will finally...

04Oct1:13 pmEST

Hack on the Bears' Back

The rotation threat continues to act as a thorn in the side of any near-term bear case, flying in the face of the notion that the extended market indices and plethora of individual stocks simply must lead to a sharp dip. Leaders like PCLN and TSLA, for example, seem to have staved off recent attacks by sellers to break them down for deeper...

04Oct10:41 amEST

A God Complex in a Non-Human World

Alec Baldwin's famous "God Complex" speech in Malice (1993), an otherwise forgettable film, has survived the test of time as it is still periodically referenced. When it comes to leading a surgical team during operations, however, we know the changing medical landscape has rendered that speech partially obsolete. Of course, that is open to...

03Oct3:52 pmEST

Stock Market Recap 10/03/17 {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...

03Oct3:51 pmEST

Small Caps Back to Green Just for Good Measure

One concept we have been rather repetitive about for Members of late has been to resist the urge to short indices, even the extended Russell 2000, small cap-dominated index, with any serious leverage (if at all), given this market's propensity for staging one squeeze after the next. And even when the squeezes do not materialize, we see...

03Oct1:32 pmEST

Say Ta-Ta to Tata if it Cannot Rally Now

The recently-galavized stocks of both General Motors and Ford aligns neatly with reports of much stronger auto sales than many had expected. GM and F had both been mired in corrective chart pattens for a long time, frankly. However, both names were essentially wiped out my short radar several months back when buyers began stepping with with...

03Oct10:49 amEST

Tesla Headed Down the Road to Twin Peaks

Despite small caps having the audacity to flip red for the first time in what seems like weeks, the rest of the tape seems to be business-as-usual for bulls. Once again, the mega caps in the Dow are outpacing the other major averages, perhaps masking some mixed action below the surface. But top-callers continue to grow frustrated by the day,...