Daily Archives: March 3, 2024
Showing articles 1 - 5 (5 total)
28May5:10 pmEST
Stock Market Recap 05/28/15 {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...
28May2:58 pmEST
Sizing Up the Fight
Despite another failure by bears to follow-through lower on the sell-off earlier this week, bulls have not exactly sealed the deal with an upside range breakout either. Google may very well be a good example of this phenomenon among market leaders, beyond the major averages. On the daily chart, first below, the stock is rangebound though may...
28May12:30 pmEST
A Look at the Energy Complex
I took off the rest of an ERY long this morning inside Market Chess Subscription Services , as a way to play the short side of energy stocks (ERY is the triple-bearish version of the XLE, sector ETF). I may look to reenter the bearish bet after a weak bounce. As for crude itself, on the USO ETF daily chart, below, note that crude is now down...
28May10:05 amEST
Aspirational No More
Given the vast array of earnings blow-ups in the retail sector this reporting season, it seems as thigh the aspirational customer, meaning upper-middle class and more or less resorting to purchasing a modified group of luxury brands to sample the "baller" lifestyle, has been trading back down to a more humble line. Specifically, the likes of...