Trading Ideas

07Jan3:49 pmEST

Two for Tuesday 01/07/20 {Video}

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07Jan11:42 amEST

The Party, The Hangover, Then the Opportunity

UBER, LYFT, and BYND were three of the hotter IPOs from the spring of 2019. There was indeed much ballyhoo surrounding all three IPOs, as all three stocks enjoyed initial sharp rallies before running into some heavy and steady selling ever since, for the most part.  It is understandable why the hoopla surrounding Uber, Lyft, and Beyond Meat was...

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06Jan3:28 pmEST

Here's the Thing...

Software is rather impressive today as we (and many others) noted earlier. Biotechs reversed back to green, as did the indices.  But here's the thing... Something slipped through the cracks today which normally would have garnered more attention.  Yum Brands (YUM, owner of KFC, Taco Bell, etc.) is going to buy Habit Burger Grill (HABT) at $14...

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06Jan11:18 amEST

The Linchpin for This Market Right Now

A linchpin, also spelled linch pin, lynchpin, or lynch pin, is a fastener used to prevent a wheel or other part from sliding off the axle upon which it is riding. With continued headlines regarding escalating tensions towards Iran over the weekend, not to mention a still-elevated CNN Fear & Greed Index (although there still may be too many...

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05Jan11:48 amEST

Weekend Overview and Analysis 01/05/20 {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...

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03Jan10:39 amEST

Known Unknowns

One of the more interesting psychological aspect about last night's headlines regarding a White House-ordered U.S. airstrike killing top Iranian Military General, Qassem Soleimani, is how quickly many were to jump to conclusions about the fallout from this news. Instant predictions for World War III were quite popular, as were praise and harsh...

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02Jan11:07 amEST

Newfound Resolve for the New Year

Software, semiconductors (e.g. AMD), and overlapping China plays related to those two sectors are clearly stealing the show on the long side in this first trading session of 2020, so far. Their strength seems to be offsetting the weakness in small caps and biotech, too, with the IWM and IBB XBI all dipping slightly as I write this. Clearly, the...

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31Dec2:41 pmEST

Cheers to a New Year, New Decade

Impressive relative strength in IWM's small cap stocks, biotechs in the XBI ETF, as well as assorted other names like LULU NFLX TSLA is likely a positive sign for bulls that this mild dip is not too menacing. Of course, we are talking about a New Year's Eve trading session, which makes overanalyzing pretty much anything related to the markets...

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30Dec10:47 amEST

Did This Holiday Rally Really Go Off the Rails?

Seeing the Dow down 200 points right now may seem at odds with the notion of the "Santa Rally," encompassing the last five trading days of the year and spilling over into the first two sessions of the new year. However, as we noted with Members late-last week and over the weekend, it may very well be a situation where the extended rally prior...

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26Dec1:47 pmEST

Santa is Officially in Town

Santa Rally: The S anta Claus rally is a typical rise in stock prices during the last five trading days in December and the first two trading days in the following January. With the Santa Rally officially underway as we wind down 2019, it is fairly standard to see the likes of AMZN begin to catch a strong bid. We have been long Amazon...

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19Dec12:00 pmEST

They Sure Fixed That Stitch

Stitch Fix, the online personal fashion stylist, has experienced quite a few highs and lows, literally and figuratively, since its late-2017 IPO. Two years later, there have been more lows than highs, especially since the stock topped out dramatically back on September 2018 and subsequently swooned and then went through an extended "dead money"...

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18Dec1:01 pmEST

The Digestif Phase of the Holiday Rally

A digestif is an alcoholic drink served after a meal, intended to aid in the digestion of food.  In light of the FDX 10% selloff to reinforce just how bearish of a chart it is on intermediate-term timeframes the rest of the market could have easily used it as an excuse for a broad-based pullback. Instead, we have more of a mixed consolidation...

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17Dec12:04 pmEST

Peloton Pressing (and Pedaling) Forward

The declaration by Citron Research last week that Peloton was only a $5 stock masquerading as a momentum stock in the $30s served as a gut check for the recent IPO. Peloton initially sold off, as we often see initially after Citron vocally declares a bold short thesis via social media.  We always want to see how well or poorly a hot momentum...

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16Dec6:24 pmEST

Stock Market Recap 12/16/19 {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...

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16Dec2:22 pmEST

Slow and Steady...Until it is Not

Part of the Tesla bull thesis I laid out last Monday in this blog post centered around the long-term TSLA chart, updated below on the monthly timeframe. Considering how volatile of a stock, company, and CEO Tesla has surrounding the news flow and rumors (founded or not), it is rather remarkable that the long-term view has remain relatively...

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12Dec11:36 amEST

Grandma Bear Got Run Over By a Reindeer and a Trade War Tweet

Another round of renewed optimism for an imminent "big deal" with China seems to have coincided with a nice pop in the broad market this morning not long after the opening bell rang.  While quite a few software stocks continue to lag, semiconductors are still seeking to offset a chunk of that damage. Micron, with earnings under a week away, is...

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11Dec12:21 pmEST

Not Quite the Christmas Market

It is worth remembering that the official "Santa Rally" is still a few weeks away according to Wall Street lore: It falls during the last five trading days in December and the first two trading days in the following January. Thus, today's weakness in many growth stocks, glaringly so in the case of PTON (in no small part due to another Citron...

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10Dec12:04 pmEST

Biotech: How Sweet is Too Sweet?

A fierce rally in the biotechnology sector which began in early-October may very well seem ripe to finally crack. However, it i worth remembering that momentum is a uniquely powerful aspect of markets, particularly when a flurry of mergers and acquisitions occurs at impressive premium. That is precisely what we have seen in many instances over...

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09Dec2:21 pmEST

I Am a Tesla Bull

Putting my money where my mouth is, I have been long shares of Tesla since late-last week inside Market Chess Subscription Services with a protective stop-loss below $310.  How attractive is this setup from the long side?  Well, let us consider a few factors: The stock remains heavily-shorted, at times the firm outright hated or mocked, and...

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06Dec12:27 pmEST

The Perfect Setup

Admittedly talking my own book (with a stop-loss below $25), I view Scientific Games Corporation (SGMS) as being in the sweetest of sweet spots on several levels from a bullish perspective.  The Las Vegas-based SGMS provides gambling products and services to lottery and gambling organizations across the globe. Even more intriguing is the sports...

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