Trading Ideas

01Aug3:08 pmEST

The Fed is Trapped; Long Live The Fed

It may take a little while longer yet for equities to fully grasp the picture. But what else is new?  The first asset classes to usually catch on are fixed income and, at times, gold.  So what is it, exactly, that these markets need to "catch on" to regarding The Fed? How about this: The Fed is officially trapped and now they know it. Any...

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01Aug11:36 amEST

Kirkland is Not Just Costco's House Brand, Ya Know

Equities are snapping back with some authority this morning, as hope for a second rate cut now seems to have more viability than it did yesterday afternoon. Still, I am a bit skeptical of the bounce, pending the close and daily volume due to some recent warning signs with respect to upticks in sell volume and a few examples of the market...

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31Jul3:47 pmEST

The Market Was Not Looking for That

The beloved rate cut may indeed have been initially perceived as being some type of panacea for global trade wars and any concerns about the economy. But even with small caps outperforming the last two sessions it is hard to ignore the "sell the rumor, sell the news" double-whammy we largely saw in many stocks this week.  In particular, note...

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31Jul10:33 amEST

At Least Some of it is Baked in the Cake

Small cap outperformance yesterday combined with a gap higher in AAPL after earnings this morning are helping to blunt some of the "sell the rumor" type of action we saw at the beginning of this week as we head into the FOMC later today.  Still, one cannot help but think that the widely-publicized rate cut likely to come at 2pm EST today is...

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30Jul10:17 amEST

Bears Trapped on This Deck

In an otherwise slow pre-FOMC tape today, Trex Company, the leading recycled materials manufacturer of wood-alternative decking, railings and other outdoor items, is a notable bright spot.  We tried a long in TREX in recent weeks but soon surmised that the stock was likely waiting on earnings to make some type of move. With this morning's...

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29Jul5:20 pmEST

Stock Market Recap 07/29/19 {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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29Jul10:45 amEST

Sell the Rumor

Stocks are mostly lower in front of a well-publicized rate cut likely coming later this week during the FOMC announcement on Wednesday. As I write this, I see software in the IGV and HACK ETFs, as well as the small caps in IWM, are leading lower. This type of action is roughly the polar opposite of the spirited rally in growth issues we saw...

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28Jul12:34 pmEST

Weekend Overview and Analysis 07/28/19 {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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26Jul3:30 pmEST

Twitter: Now What? {Video}

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25Jul10:13 amEST

The First Stop for Netflix

In the midst of some disappointing earnings reactions this morning from the likes of FB NOW PYPL TSLA, we have a soft Nasdaq keeping a lid on the small cap progress we saw yesterday out of bulls. It will be interesting to see if the QQQ bulls can pull the rabbit out of the hat again and buy this dip, considering the resilience they have...

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24Jul4:05 pmEST

Stock Market Recap 07/24/19 {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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24Jul10:40 amEST

The Next Snap is Snap

It may be tempting to hunt down a name like YELP as potentially being the next SNAP, in terms of long-time social media laggards waking up in a major way like we have seen from shares of Snap since last Christmas when the stock dipped under $5. However, that may be missing the point.  Specifically, SNAP may just be getting started. After...

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23Jul10:54 amEST

Those Should Be Tears of Joy

Gold miners are slightly fading this morning after their latest push higher. At first blush, seeing the U.S. Dollar ETF (versus a basket of developed economies' currencies), UUP, on the updated daily chart, below, breaking higher out of consolidation would seem to be prima facie bearish for the entire precious metals and mining complex. ...

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22Jul3:30 pmEST

Endless Summer Sessions

This sleeps summer market, seemingly holding its breath in advance of the coming earnings onslaught, has all the pace and action of a Richard Marx love ballad.  Naturally, the small caps in IWM are back in the red and blunting any semblance of upside energy bulls were enjoying earlier in the sessions, save BYND and TTD as a few notable...

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22Jul10:47 amEST

Games Which Have Been Around for a While

Even in the strongest of bull markets we must brace for standard mid/late-summer games, meaning periods of seemingly endless choppy price action and new ranges tediously being formed on the indices, sectors, and even leading stocks alike. For this reason, we often see options players burned during the late-July/August interval, even if the...

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18Jul6:14 pmEST

Stock Market Recap 07/18/19 {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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18Jul11:03 amEST

Netflix Out of Compelling Storylines for Now

After spending much of the late-winter, spring, and summer essentially grinding sideways in a massive range we now have Netflix gapping down massively this morning after earnings. From a broad market perspective it is impressive for bulls to see the Nasdaq hang tough and, thus far, avoid significant pin action or sympathy selling from the NFLX...

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17Jul4:56 pmEST

Stock Market Recap 07/17/19 {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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17Jul10:57 amEST

That's Enough Dip

Despite plenty of room for the Dow, S&P, and Nasdaq to all come in for likely healthy and overdue pullbacks to test a modest reference point like their respective 20-day simple moving averages, the small caps do not quite have that kind of leeway.  On the updated daily chart for IWM, ETF for the small caps of the Russell 2000 Index, below, we...

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16Jul3:07 pmEST

Hey, SIL, Let Me Hear It

Silver is finally waking up today and getting the message after lagging the gold rally for quite some time. SLV is the ETF for silver, a precious metal with more practical industrial application than gold.  In addition, SIL is the ETF for silver miners, or at least miners with a modicum of exposure to silver. SIL clearly is an overlooked ETF...

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