Daily Archives: September 9, 2022

Showing articles 1 - 4 (4 total)

24Feb5:09 pmEST

Stock Market Recap 02/24/16 {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...

24Feb3:31 pmEST

Holding Serve

An afternoon surge free and clear above the respective 20-day simple moving averages on the major stock indices helped to negate any notion of bears rolling this market over for an imminent move to new lows today.  Precious metals and miners, along with Treasuries and the Yen, are near or at the lows of the day as we speak, likely inspiring...

24Feb12:32 pmEST

Right Down the Line

The bounce in equities later in the morning today coincided with a bounce in both the Dollar/Yen and especially crude oil, post-inventory report.  Headed into the afternoon, we are keeping tabs on the 15-minute chart of the SPY, seen below. Note the 20-period moving average (orange line) guiding price down in recent sessions. I suspect if this...

24Feb11:01 amEST

Look Beneath Support

The divergence in recent sessions, dating back to last week, between a weak Dollar/Yen cross (meaning a strong Yen) and equities bouncing along may be recalibrating today in favor of the Yen's dominant position as being one of the premier "risk off" currencies in the world today.  As such, with the USD/JPY losing 112 overnight, equities are...

 
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