Daily Archives: December 12, 2024
Showing articles 1 - 4 (4 total)
08Dec3:42 pmEST
Stock Market Recap 12/08/16 {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...
08Dec3:38 pmEST
The Sky is Falling on Macau
I wrote about domestic casino operater RRR the other day. So, I wanted to follow-up on the abrupt sell-off today in the Macau-related players, namely LVS MPEL WYNN, even MGM, all getting clocked about an hour ago on news that Beijing was pushing back against Macau by slashing ATM withdraw limits. LVS MGM MPEL WYNN all suffered immediate and...
08Dec1:37 pmEST
Why is VIX All Alone? No Friends, No Friends
The typically-destitute VIX (CBOE Market Volatility Index, measuring "fear" as a proxy from the options market) is higher for the second day in a row, today up a reasonable amount considering indices are squeezing higher yet. When the VIX is below 20, as a general rule, and VIX futures are in contango, it is tough to get too excited about...
08Dec10:51 amEST
Ferret Out a Winner in Trench Warfare
You have to really feel for biotechnology bulls in this market, with the indices making fresh highs and this morning's softness thus far proving to be rather benign. And, yet, the biotechs are still reeling form Trump's comments yesterday while the IBB XBI sector ETFs continue to sport corrective charts not yet healed. Major biotechs like GILD...