Trading Ideas

09Sep5:30 pmEST

Stock Market Recap 09/09/19 {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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06Sep10:32 amEST

A Lonely Place for Bears

One of the more interesting aspects about the way the current market is constructed is that despite some notable bearish signs, such as the small and micro-cap ETFs spending most of their summers below a declining 200-day moving average (typically a rather serious technical predicament), other parts of the market have proved to be remarkably...

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05Sep7:38 pmEST

Stock Market Recap 09/05/19 {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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05Sep11:00 amEST

Here Comes That Knock Again...

Despite an ugly post-earnings move lower in software growth play MDB, which seems to be upsetting some of the upside momentum software enjoyed yesterday, the China trade talks optimism combined with some upbeat macro data is sending the major averages much higher this morning. Both QQQ and SPY are breaking their respective ranges higher to...

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04Sep3:54 pmEST

Stock Market Recap 09/04/19 {Video}

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04Sep10:07 amEST

Coup d'état in Software

(Napoleon Bonaparte addresses the Council of Five Hundred during the Coup of 18 Brumaire) A sharp post-earnings gap higher in emerging software leader Coupa Software Inc. looks to have temporarily stopped the bleeding in what has been a lackluster performance by most software-related firms in recent weeks. While it may be a tad early to...

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03Sep3:40 pmEST

The Lighter and Darker Side of a Range

GM looks like a viable short idea, possibly bear-flagging on its daily chart, first below, underneath all moving averages.  On the other side of the tape, LRCX continues to exude excellent relative strength among the chips, seen on the second daily chart.  In order for bulls to find a silver lining to today's action in the broad market, it is...

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03Sep10:54 amEST

Comically Choppy Narrow Range

On the QQQ, at least, we have the comically choppy, narrow range from August spilling over into September.  Case in point, note the updated QQQ (ETF for the top 100 stocks in the Nasdaq Composite, by the way, which is the epitome of very best tech firms, essentially) daily chart, below, shows the moving average "sandwich" we tracked for Members...

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02Sep3:32 pmEST

Labor Day Overview and Analysis 09/02/19 {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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30Aug8:46 amEST

Hurricane Dorian Plays

Potential natural disasters, such as Hurricane Dorian currently barreling towards Florida, remind us of just how helpless we can be at times when it comes to Mother Nature. As traders, no one is rooting for death and destruction. Instead, we are simply aligning our views with reality--If Dorian strikes Florida hard then we want to be armed with...

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28Aug10:46 amEST

Invert, Always Invert

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”  -Charlie Munger All of this talk regarding the inverted yield curve certainly has me conjuring up the old Charlie Munger quote, above, although I recognize he was not referring to the bond market at all.  Still, "inversion" is the hot topic do jour again...

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27Aug10:18 amEST

Safe to Leave the Coast or Not

As tempting as it may be to buy into this morning's rally in equities, the nagging strength in Treasuries is giving us pause. On the TLT daily chart, updated below, note the potential for a fresh breakout here from the highlighted high and tight base consolidation after the prior rally earlier this month which coincided with some violently...

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22Aug11:27 amEST

A Teton Market Range

It may seem like the indices are chopping around in ranges as wide as, well, Teton Range out in Wyoming, which is exactly where various Fedheads are gathered right now to enjoy their annual end-of-summer meeting.  As we speak, the jaw-boning is likely causing some early jitters, as tech stocks came out of the gate in a lethargic manner and...

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21Aug3:35 pmEST

Zig for Apple Card; Zag for PagSeguro

While the Apple Card understandably gets plenty of attention regarding large firms seeking to enter the general payments arena to establish their own ecosystem, if you will, we ought not overlook plays like PagSeguro out of Brazil.  PAGS spiked up after earnings late-last week and has been flagging nicely ever since, as seen on its updated...

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21Aug10:46 amEST

This Old House, No More

Between TREX (outdoor decking) and now Restoration Hardware, below on its updated daily chart, it sure seems like the market is signaling that it is infatuated with the idea of housing undergoing a revamping phase this cycle.  On the RH chart, now how well the stock has acted since Memorial Day, with a smooth uptrend remaining unperturbed even...

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20Aug10:56 amEST

Avoid Self-Inflicted Traps

The market is challenging enough, as is, without us being our own worst enemies and leading ourselves into traps like the brutal one shown above.  Thus, we want to avoid overthinking and extrapolating too much when it comes to growth stocks which have held up very well this summer.  Case in point: COUP GH TTD, a software, healthcare, and...

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19Aug3:44 pmEST

Sweet Tastes in a Bitter August

Despite the rally today, August has thus far been not been very kind to bulls, especially looking at a daily chart of, say, the IWM (small caps). However, the sweet taste of relative strength in the likes of biotech INCY and fast/casual chicken wing joint WING, respectively below, still ought to count for something serious. Indeed, disregarding...

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18Aug1:05 pmEST

Weekend Overview and Analysis 08/18/19 {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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14Aug10:13 amEST

Overnight Traps

As promising as yesterday's bounce looked and felt for bulls, one of our chief concerns insofar as electing not to add new long exposure was that we first wanted to see bulls survive the overnight futures session. Specifically, we have seen some rather tumultuous overnight sessions in August, and last night was no different--In fact, it was all...

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13Aug10:31 amEST

Don't Get Too Comfortable in That Bear Sleeping Bag

Bears who were looking for an abrupt drop back down to last week's lows on the S&P and Nasdaq (if not much lower) are in a rather tough spot this morning, as some positive AAPL/China trade war news is the excuse du jour to send the Dow up nearly 500 points as I write this.  The two main issues undermining the imminent bear case this week,...

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