Weekend Overview and Analysis 02/20/23 {Video}

28Feb11:06 amEST

Circus Price Discovery

In sports it is often said that a team eventually reflects its leader/coach in terms of personality, grit, temperament, or lack thereof. Perhaps the same can be said of markets and a given Fed Chair, especially given the prominent role of The Fed since the global financial crisis in 2008. With this in mind, markets sure seem to be reflecting...

27Feb3:17 pmEST

Poking, Probing, Backing, Filling...Burning!

Another gap up and eventual fade (so far into the final hour) is hallooing the mental toughness of just about every trader involved at this point. I specifically designed Market Chess Subscription Services as a reasonable alternative to the vast amount of services/chat rooms out there riding the emotional roller coaster of a market like this,...

26Feb8:52 amEST

Weekend Overview and Analysis 02/26/23 {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...

24Feb10:44 amEST

Inflation and PE Ratios High While the Market's IQ is of a Mothball

A brief survey of the action this morning in the wake of the hot PCE print has bulls thinking it is yet another in a long line of, "What, me worry?!" dips to be bought. Indeed, if the 0DTE call options buyers step in with force and rip us back towards 4000 on the S&P 5000 Index (updated daily chart, below) by day's end it would not surprise too...

23Feb10:43 amEST

NVIDIA Versus Netflix, Who You Got?

With NVDA surging after an AI-pumped earnings while Netflix is slumping hard after a subscription price cut, the easiest/smart aleck thing to retort is, "Who cares, Chess? They can both go their separate ways--That's what makes a market." However, in case you have not noticed correlations have been running tightly for a while now, with the...

22Feb4:21 pmEST

Stock Market Recap 02/22/23 {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...

22Feb11:02 amEST

Spill or No Spill, Norfolk is Spilling Over

At times the market can have a rather grim form of even gallows humor. Back on 9/11, equities were already in an established bear market, including the airlines. Clearly, 9/11 exacerbated the selling, especially airlines. Back in April 2010, shares of RIG were already beginning to wobble a bit before the Deepwater Horizon oil spill. And now...

21Feb3:22 pmEST

Still Orderly...For Now

Although today's selloff seems like it caught some bulls by surprise it also mirrors quite a few of the selloffs we saw in 2022 insofar as being more of the orderly variety, lacking in true explosiveness to the downside. As a bear market matures, however, the odds of the selling intensifying pick up, especially in light of the big rally we...

21Feb10:45 amEST

The Market Chess Crew Takes on Steroid Roy

Dip-buyers have been in "Steroid Roy" mode for over a decade now, raging into any dips, crashes, corrections to risk it all and sprint the tape back higher. However, seeing Professor Jeremy Siegel on CNBC this morning lamenting the resilient economy as being much stronger than he expected drives home the point we are now in a new regime, as...

20Feb10:32 amEST

Weekend Overview and Analysis 02/20/23 {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...