Trading Ideas

10Jul10:45 amEST

Extending the Ride

The slightest hint at a Fed rate cut later this year by Chair Powell this morning apparently served to pop futures higher into the open. As a result, the S&P 500 Index surpassed 3,000 for the first time ever, though that factoid may amount to more ballyhoo than actual substance, since that price level has no technical significance and, at best,...

Read More

09Jul5:56 pmEST

Stock Market Recap 07/09/19 {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...

Read More

09Jul11:07 amEST

Appreciate the Symmetry

Alongside small caps in the IWM, the semiconductors were an integral part of both the May selloff and June snapback rally.  Currently, the semis are trying to reemerge from a controlled, multi-day bull flag on the SMH, sector ETF pictured on the daily chart, below. Note the last several sessions featuring low sell volume as price drifted lower...

Read More

08Jul3:23 pmEST

Let's Crack Open the Other PBR This Summer

PBR is shorthand for Pabst Blue Ribbon, a classic American pilsner. It is also the ticker symbol for Petróleo Brasileiro S.A. (Petrobras) a semi-public Brazilian oil giant headquartered in Rio.  As Members know, Brazilian stocks have quietly been on a tear in recent weeks, with the EWZ country ETF outperforming China and printing multi-month...

Read More

08Jul10:51 amEST

Low and Slow

With negative headlines and weakness in shares of both AAPL and DB this morning, we have some broad market softness starting the post-holiday week off on a dour note. The pace of the selling in the first hour or so smacks more of a "low and slow" market being grilled rather than a fast burn for bears, which is fairly typical of summer action...

Read More

07Jul5:39 pmEST

Weekend Overview and Analysis 07/07/19 {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...

Read More

05Jul3:01 pmEST

Find Your Inner Trading Peace This Summer

Naturally, it is a bit rich to assign too much significance to any one trading session, let alone the Friday after the Fourth of July. Nonetheless, bulls have done an admirable job of stabilizing an initial thrust lower after a strong jobs report caused some stir that the Fed will not cut rates later this year.  As I write this, I see plenty of...

Read More

03Jul3:45 pmEST

Stock Market Recap 07/03/19 {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...

Read More

02Jul10:05 amEST

Cheap Shots During Independence Day Week

My BlackLine long is taking it on the chin this morning after a rare "double downgrade" by an analyst at Goldman Sachs from a Buy rating all the down to a Sell rating. For this to happen during a holiday week, low volume and all, seems a bit dodgy if not a cheap shot, and, naturally, my bullish bias towards BL has me even more skeptical of...

Read More

01Jul3:48 pmEST

An Interesting Exhibit

Zillow Group Inc. is a name I turned wildly bullish on a few months back, especially from a long-term perspective in the VIP arm of Market Chess Subscription Services.  My reasoning centered around the potential for the numerous shorts in this name to miscalculate just how much value management intends to extract and unlock from the firm's...

Read More

01Jul11:31 amEST

Feels Like July

If you glance at seasonal statistics, July typically serves as something of a reprieve for bulls in the midst of the summer doldrums and periods of volatility if not outright correction. As we know, however, each year in the market has its own quirks. And we just completed a June for the books, especially with respect to the Dow.  Thus, even...

Read More

30Jun11:51 amEST

Weekend Overview and Analysis 06/30/19 {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...

Read More

28Jun11:18 amEST

BLOK or Charge? 06/28/19 {Video}

Read More

27Jun10:53 amEST

Back Up to the Surface

Despite weakness in shares of Boeing (BA) weighing on the Dow Jones Industrial Average this morning, small caps in the IWM and tech as a group are soundly outperforming. Indeed if most bulls had their druthers I presume they would assuredly choose IWM QQQ strength virtually any day of the week in lieu of the Dow, on account of the higher beta...

Read More

26Jun10:54 amEST

Roll with It or Get Rolled

Beyond headlines regarding positive developments in the U.S./China trade war talks, shares of large cap semiconductor Micron (MU) are jumping more than 12% as I write this to give bulls a breather after yesterday afternoon's slide.  To be sure, bulls must build on the early strength especially with respect to the small caps in the IWM...

Read More

25Jun4:49 pmEST

Stock Market Recap 06/25/19 {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...

Read More

25Jun3:32 pmEST

Ags: The Other Commodity Meat

Much like those commercials from the 1990s centered around the theme of pork being the "other white meat," ags and ag-related stocks somehow seem to be overlooked when parts of the commodity complex rally.  Case in point: The rally in precious metals and miners, not to mention a modest bounce in crude, seem to have more than overshadowed a...

Read More

25Jun10:50 amEST

Iamgold Says "I am Your Tell"

Further softness in the broad market, especially with QQQ down more than 0.75% as I write this, on top of the small caps in IWM operating back under their 200-day moving average, is keeping bulls at bay early on this morning. It may only take a large buy program of two in order to reignite the buying pressure we saw earlier this month. However,...

Read More

24Jun3:39 pmEST

The Good News...

The last few sessions, especially after Thursday morning's initial pop, have pretty much gone as we had expected them to inside Market Chess Subscription Services. Our game plan was to take profits into Thursday morning's strength and then to exercise patience until new setups emerged and, perhaps, any very near-term froth and/or end of quarter...

Read More

24Jun10:24 amEST

Emerging in the Darkness

It has been a while since we have heard much of anything from shares of Goldman Sachs. Clearly, the spike lower in rates in recent months has served to undermine any excitement bulls may have had for most holdings in the KRE (regional banking) and XLF (larger cap financials) sector ETFs.  But if Treasuries take a seasonal pause here allowing...

Read More