No Time for the Old in and Out

30Apr9:54 pmEST

Saturday Night at Market Chess Cinemas

While Citizen Kane (1941) is the film most famously associated with Orsen Welles, Touch of Evil (1958) is as good as they come, complete with Charlton Heston playing a Mexican and Welles himself as one of the stars. Below, you will find the official trailer to the movie, followed by another video with the famous opening "long shot." Note...

29Apr12:37 pmEST

Better Call Paul

It may very well be just another inflationary head-fake which leads to a deflationary crash, not unlike what we saw in the first half of 2008 which completely unwound in the latter part of the year. But the uptick in inflationary signals is worth noting, beyond gold. TIPS, for example, or Treasury Inflation Protected Securities, bottomed out...

29Apr10:39 amEST

Every Which Way But Loose

The small cap ETF on the zoomed-out 30-minute timeframe, below, has given us pretty good context of late in terms of making sense of the market's whipsaws. Note how the IWM failed to hold over $114.15, even when it looked like bulls were in clear control, as recently as yesterday in the early-afternoon. A sharp reversal to the downside took...

28Apr5:05 pmEST

Stock Market Recap 04/28/16 {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...

28Apr3:52 pmEST

It's Complicated, You See

Much like the main character in Bosch, my favorite show on Amazon Prime, tonight's AMZN earnings and its potential impact on discretionary stocks and the market at-large is a bit complicated in light of the action since last night's fireworks in Japan. Overall, bulls have been very resilient but are possibly complacent over the short-term. We...

28Apr1:00 pmEST

Motherly Love for Mother Russia

In conjunction with the strength in commodities and especially oil, note the Russia ETF, below on the daily timeframe, breaking higher. The key is going to be the close today, with Russia and commodities/miners in general. To be sure, the strength in this end of the market is just as, if not more, impressive than select leaders like FB...

28Apr10:57 amEST

Competing Forces

The overnight weakness out of Japan with a surging Yen seems to be outweighed by the continued resilience of dip-buyers in equities here in the U.S. into any and all pullbacks. Facebook is surely helping the bull case by gapping to fresh highs, with AMZN coming up this evening. Even biotech displayed a promising sign this morning with a...

27Apr4:42 pmEST

Stock Market Recap 04/27/16 {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...

27Apr3:43 pmEST

The Importance of Not Focusing (or Betting) Too Much on One Stock

The temptation may always be there on Wall Street to take the easy way out, betting it all on red or black, with one stock. In this day and age where the cross-section of social media and finance has become more prominent in recent years, the bias that TWTR's stock simply must win out is lurking in the background seemingly on a daily basis. But...

27Apr12:31 pmEST

No Time for the Old in and Out

We have a market whipping around in front of the FOMC coming up within the next ninety minutes or so, with small caps, materials, and energy attempting to balance out the selling in many of the tech and biotech issues. Oil continues to punish shorts, while the QQQ ETF is suddenly back below its declining 200-day moving average. We are not...