Monthly Archives: August 2015
Showing articles 21 - 30 (97 total)
25Aug12:40 pmEST
The Makings of a Hangover
After the fireworks in recent trading session, this morning's gap higher gave way to some old-fashioned boring summer chop, with the market acting a bit hung over. The indices look to be grinding sideways, overall, with the Nasdaq leading while small caps lag. Solars, however, are snapping back hard, such as JKS. To be sure, they all remain...
25Aug10:28 amEST
Running Out of Time on the Season
The precious metals and miners received a rather strong season bounce earlier this month. However, with only a few trading sessions left in August, gold miners are following-through lower on a "bearish engulfing" reversal candlestick which the GDX, ETF for the senior miners, printed last Friday (blue arrows on daily chart, below). In addition,...
24Aug5:13 pmEST
Stock Market Recap 08/24/15 {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...
24Aug3:28 pmEST
Keep it Liquid in a Broken Market
The spreads are still cockeyed out there, and we have a fast market on our hands with signs of being broken. Keep it liquid, in terms of volume trades, with any instrument you trade, especially the ETFs (the levered ones even more than usual). Instead, shorting liquid ETFs is a better play than the inverses, in this environment. As with any...
24Aug1:44 pmEST
Fall Into the Fall
The market settled into a bit of a scrum through midday, as the morning fireworks wore off and the Nasdaq and Apple even flipped green. At the moment, I am keying off the small caps in the IWM ETF, see below on the 30-minute chart. We are still below $121.50, a prior key level which was a warning sign when we lost it last week. Currently, the...
24Aug11:11 amEST
Price Ranges and Volatility: I Reckon I'll Have Me Some of the Big 'Uns
The initial bounce off the monstrous morning gap down in the market is being worked off sideways at the moment, seen on an intraday chart of the SPY, below. In addition, several prominent online brokerages are experiencing technical issues, making it tough for traders to even log-in to the platform, let alone place trades. In addition to wild...
24Aug8:58 amEST
Morning Prep 08/24/15 {Video}
The following is a "Morning Prep" video, which I present each morning to members of the Market Chess Subscription Services .
23Aug4:30 pmEST
Weekend Overview and Analysis 08/23/15
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...
23Aug11:20 amEST
BTFD.tv Appearance
Here was my appearance on BTFD.tv with my friend, and Market Chess Subscription Service member, @iuubob. As always, it was an enjoyable time and I hope you find the discussion worthwhile.
22Aug5:55 pmEST
Saturday Night at Market Chess Cinemas
The great writer/director Federico Fellini’s masterpiece, Amarcord (1973) is easily a top ten all-time film for me. I can still recall being mesmerized the first time I saw this one. As with most classic Italian cinema, the expert blending of tragedy and comedy is unparalleled and, frankly, flawless. The story weaves together several...