Daily Archives: April 4, 2024

Showing articles 1 - 4 (4 total)

05Apr5:10 pmEST

Stock Market Recap 04/05/16 {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...

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05Apr3:49 pmEST

An Orderly Pullback....or Dangerous Complacency

Today's session was eerily slow at times, considering the weakness in financials and the very perilous price action in global financials BCS CS DB.  Strength in a few pockets like TSLA and dead-cat bounces in SCTY SUNE may have masked this weakness. But to my eye the market smack of a bit of short-term complacency.  More in my recap after the...

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05Apr12:53 pmEST

It Survived the Winter

Considering the sharp rally in "risk on" assets since February, it is interesting to see the early-2016 strength in the safe haven Japanese Yen currency survive through the rest of the winter months.  That resilience out of the Yen is on full display today, with the FXY ETF, below on the weekly timeframe, attempting a breakout from the sideways...

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05Apr10:46 amEST

The Potter and Handle Pattern

Despite Goldman Sachs staging a spirited rally last Friday, large banks in the XLF ETF have mostly given back the bounce late-last week in favor of their continued underperformance throughout the winter months.  This morning, they are clearly lagging, even underperforming their regional counterparts.  Specifically, the likes of BAC MS WFC are...

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