His First Appearance in a Good While

31Jul4:58 pmEST

Stock Market Recap 07/31/18 {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...

31Jul2:51 pmEST

Wheat a Minute! We Have a Correlation to Track

A potential inflection point for emerging markets has been a recent topic on this site and among our trades and trade ideas for Members. Simply put, we have been looking for the rather large spread this year between domestic equities outperforming and emerging markets lagging behind to narrow. We played a China long via YINN two weeks ago,...

31Jul10:33 amEST

Chasing Crumbs Instead of Waiting for the Big Kill

The concept of constantly making a "big call" regarding markets on a daily basis is something I have been rather critical of in prior writings. And that very notion seems to be perpetuated by the rapid-fire nature of social media and the insecurities many traders exhibit in terms of trying to display misplaced braggadocio and, in effect, ego...

30Jul4:10 pmEST

Stock Market Recap 07/30/18 {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...

30Jul3:20 pmEST

Make Smoking Great Again

High-yielding tobacco stocks, namely Altria (MO) and Philip Morris (they used to be one in the same before PM spun-off the international business years ago) are classic examples of defensive names in which one can ''hide out" during risk-off periods in the market. Clearly, cigarette smoking is not nearly as ubiquitous as it was, say, during...

30Jul10:52 amEST

The Slide is Still Closed

Just when it appears as though the broad market is ripe for a more standard summer correction, large cap banks, energy, some Dow names like CAT after earnings, and assorted other rotation threats are attempting to offset continued weakness in many tech names as I write this. To be sure, the looming prospect of the FOMC this week, then a jobs...

29Jul8:51 amEST

Weekend Overview and Analysis 07/29/18 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

28Jul1:18 pmEST

Saturday Night at Market Chess Cinemas

I alluded to the film in a blog past this week. So, now would be as good a time as any to recommend Marathon Man (1976), starring the impressive acting trio of Dustin Hoffman, Laurence Olivier, and Roy Scheider. Written by the great William Goldman, and directed by John Schlesinger, the film hooks you in right from the opening scene and...

27Jul1:30 pmEST

Intraday Ideas and Analysis 07/27/18 {Video}

The following video is an example of the types of Midday Videos I present to Members of the Market Chess Subscription Services on a daily basis. Please click here for more details about joining to access these videos regularly, as well as plenty of other features.

27Jul10:59 amEST

His First Appearance in a Good While

The RSI (Relative Strength Index), seen on the bottom pane of the IWM (ETF for the Russell 2000 small cap Index) weekly chart, below, is often seen as irrelevant during a bullish trend, since there are too many false signals and negative divergences which not only fail to resolve price lower, but actually seem to trap in shorts before the next...