29May3:53 pmEST

Weekend Overview and Analysis 05/29/16 {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...

29May11:54 amEST

Sunday Matinée at Market Chess Cinemas, Memorial Day Edition

There are many great ones from which to choose on Memorial Day Weekend, but I still say that  The Best Years of Our Lives  (1946) presents a great tribute to those who lost their lives in combat by, ironically, showing how much life has changed for those veterans who survived the second world war. The story is gripping, heartbreaking, but...

27May10:52 amEST

Was Uncle Junior Really Out of it This Whole Time?

One of the recurring themes of the market over the last few years has been the perennial underperformance by "junior" marquee issues, meaning they have institutional sponsorship for growth prospects but not nearly as much as, say, AMZN GOOGL.  Specifically, the likes of LNKD P TWTR YELP have destroyed a fair amount of capital without batting an...

26May10:59 amEST

No Ouija Board Necessary

We don't need an Ouija Board or any type of séance to know that the market is still acting fairly standard for the week leading up to the unofficial start of summer and a long, holiday weekend. Stocks are drifting again as I write this, with mostly mild digestion of recent gains, albeit with the financials lagging a bit. I have a few long...

25May12:23 pmEST

Twitter Potheads Playing Hacky Sack at the $14 Level

Billionaire investor, not to mention increasingly controversial Silicon Valley legend, Peter Thiel, went on CNBC a few years back and chided Twitter as being a “horribly mismanaged” company with a lot of "pot-smoking" going on. At the time Thiel made those statements, the stock for Twitter was trading around $50 per share.  Just yesterday, for...

25May10:41 amEST

Play Safe with Baba Booey

After a spirited rally yesterday over $80 resistance, BABA is being slammed down roughly 4% this morning on the back of an SEC accounting investigation.  While it is true that risk is omnipresent on Wall Street, China issues should be generally viewed as slightly higher risk plays than run-of-the-mill domestic stocks. True, we have seen plenty...

24May4:53 pmEST

Stock Market Recap 05/24/16 {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...

24May3:41 pmEST

No, No, No...No More Foreplay

Although the VIX ETF products (UVXY VXX, e.g.) are now pushing short-term oversold into the market indices surging today, the actual VIX is not yet oversold. This is a consequence of the VIX bounce yesterday which likely lured in quite a few equity bears looking for a surprise holiday week uptick in volatility.  Instead, it is same ole same...

24May12:54 pmEST

Precious Metals and Miners: Here Comes the Throwback

Gold, silver, and their derivative miners are all coming in further today with the U.S. Dollar continuing to rally.  Gold miners are still holding onto the lion's share of their rally beginning earlier this year. However, a prolonged consolidation now into the summer would be much of a surprise, especially if the Dollar takes advantage of an...

24May10:50 amEST

This Market Still Leaves You to Your Own Devices

Despite a soft close yesterday, bears once again proved inept in terms of following-through to the downside. On the back of this morning's gap higher, several indices are clearing some important short-term levels, namely $111 on the IWM and $107 on the QQQ ETFs for the small caps and Nasdaq stocks, respectively. Holding above those levels is...

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