20Nov9:46 amEST

A Savage Market as 2018 Winds Down

I have some traveling to do today for Thanksgiving, which is likely to see me staying in full cash through the holiday. While the selling may seem overdone, the reality is that bulls have failed miserably in terms of presenting themselves with any sort of conviction at fairly big technical levels, such as 2,700 on the S&P 500 Index.  Indeed, it...

19Nov1:24 pmEST

The Dow is 420-Friendly for Thanksgiving

The Dow is off by more than 400 points as I write this, ushering in a nasty beginning to the Thanksgiving-shortened week of trading. There are very few, if any, places to hide on the long side besides cash, as the crypto plays and pot stocks are getting clocked, too, on top of prominent tech names like CRM, NVDA, and FB.  I moved back to a 100%...

18Nov3:32 pmEST

Sunday Matinée at Market Chess Cinemas

It is easy to forget that Grumpy Old Men (1993) is a Thanksgiving movie; Well, at least one with a memorable Thanksgiving dinner scene. This film, of course as the titles insinuates, centers around grumpy old men and their feuds. Here, you get a winning comedy with legends like Jack Lemmon, Walter Matthau, Burgess Meredith (pictured above),...

16Nov10:11 amEST

Business as Usual

Although the amount of swing trades we make during a market correction is often significantly decreased, we still must go about our business in terms of identifying the best actors during the indecisive market periods so that we can be armed with a basket of fresh winners going forward, especially when the market actually does improve.  In...

15Nov5:15 pmEST

Stock Market Recap 11/15/18 {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...

15Nov2:59 pmEST

It Can't Just Be Based on Prayer

With the help of headlines about delayed tariffs, bulls are regrouping nicely after a sloppy morning part of the session. AAPL, GS, and bios are soundly green now and helping to offer hope for bulls betting on a rally into Thanksgiving week.  But such a bet cannot be based solely on hope and prayer. Instead, we likely need to kick off that...

15Nov10:46 amEST

Good Idea; Poor Execution

A rally led by suddenly-downtrodden Apple and the biotechs seemed like a swell idea this morning, just when bears figured they had bulls trapped in a corner to deliver a knockout blow or two after a pre-market fade.  However, as I write this I see the IBB ETF back to red, and AAPL and XBI (smaller cap biotech ETF compared to the larger IBB)...

14Nov2:31 pmEST

Remember Me: Benny Blanco from the Backtest?

Several weeks ago we observe the weekly chart for the Wilshire 5000 Total Market Index, which is the most comprehensive of the indices in that it measures performance of all U.S. equity securities with readily available price data. When we looked at that Wilshire chart previously, we observed the major support trend-line since early-2016 which...

14Nov10:21 amEST

Bull Markets (And Apple) Don't Die of Old Age But They Do Slow Down

Despite yet another triple-digit rally in the Dow off the opening bell, we have some underlying weakness in key parts of the market which continue to weigh on equities.  As an example, even if Apple's growth leadership days are now dwindling due to the law of large numbers (for argument's sake), we must acknowledge that this is one of the most...

13Nov5:07 pmEST

Stock Market Recap 11/13/18 {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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