Daily Archives: April 4, 2024
Showing articles 1 - 4 (4 total)
28Sep3:31 pmEST
Stock Market Recap 09/28/16 {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...
28Sep3:27 pmEST
Shunning Them, Then Gunning Them
This afternoon is a pretty good example of how a sharp move in crude oil, off inventory and then the OPEC news, can prove to be the catalyst for rallies throughout all things industrial, materials, and of course energy-related. Indeed, it seems as though a significant group of market players may have found themselves trapped short the energy...
28Sep1:20 pmEST
Rio Tinto Exiting the Tube Northbound
While precious miners are still churning, an interesting theme developing today is the strength in large cap, non-precious global materials miners like Rio Tinto, headquartered in London, England. It is not so much an issue of strength on any given session, since that lend itself too much to randomness and cherry-picking bias. Instead, note...
28Sep10:52 amEST
Another Reversal Before Takeoff
A recurring theme which we have seen for the broad market has been the last-minute reticence of buyers to fully capitalize on having shorts on the ropes. Without question, buyers have presented themselves down below, just when it appears that support would be lost and a deeper market pullback would be inevitable. However, the upper end of the...