Isn't That Just Like an Algo?

17Apr12:44 pmEST

Sunday Matinée at Market Chess Cinemas

Devil in a Blue Dress (1995) combines one of my favorite writers, directors, film genres all together for an enjoyable viewing. The genre is technically a neo-film noir, stylish and sharp and harkening back to Hollywood yesteryear, directed by Carl Franklin (of One False Move fame). The film is based on Walter Mosley's novel of the same name...

15Apr2:29 pmEST

You Always Wait Three Days to Call, Baby

On a slow market day, the temptation may be to rush in and stick in a bid for some type "knife catch" and a fast-moving upside play. However, just as we noted a few months back with the post-earnings disasters that were DATA and LNKD, when stocks see shocking disequilibriums like these, it typically is best to wait three sessions for the...

15Apr1:04 pmEST

No More Shines, Billy

Bats Global Markets, presumably no relation to Billy Batts, went public today as the biggest U.S.-based IPO so far this year. On a fairly slow day in the tape, this one over $23 this afternoon may work for a scalp long. Elsewhere, we do have some short squeezes working in the likes of FIT. But plenty of others are fading, like GPRO. Also note...

15Apr10:46 amEST

Why're You Tryna to Get Crazy with Inflation, SID? Don't You Know the Central Bankers Are Loco?

I will let the macroeconomic experts and Fed-heads deal with the "why," but the steels and precious miners are tightening up quickly on this pullback. After some shaking and baking yesterday, silver miners, for example, are firm and possibly bull-flagging for yet another push higher next week. Note how the silver metal has given back next to...

14Apr4:52 pmEST

Stock Market Recap 04/14/16 {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...

14Apr3:45 pmEST

It's the Nature of the Beast Which Counts

On a fairly slow market day, the price action in crude oil is of interest. The USO, ETF for crude, below on the daily timeframe, illustrates that Black Gold is pausing at prior price resistance. In and of itself, this is practically to be expected--To see "overhead supply" kick in. However, merely seeing some overhead supply kick in need not...

14Apr12:32 pmEST

No Reservations for This Next Adventure

After brilliant price action and volume patterns over the past few weeks and months, the metals and miners are largely coming in today on the back of a stronger U.S. Dollar (see previous blog post). Regarding when and where to buy a pullback in the XME, ETF for metals/miners, which houses plenty of precious miners and steels, the answer...

14Apr10:50 amEST

Smooth Sailing No More

A weakening U.S. Dollar throughout the late winter months seems to have enabled a good deal of risk appetite in both equities and commodities, not to mention the Euro and Swiss Franc. However, the greenback is staging at least some type of relief rally this week. And while equities have yet to flinch, precious metals and their miners are using...

13Apr5:34 pmEST

Stock Market Recap 04/13/16 {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...

13Apr3:45 pmEST

Isn't That Just Like an Algo?

...brings a knife to a gunfight. The metals and miners, now that their recent strength is becoming obvious, are largely well off session highs as the XME ETF even prints a daily chart reversal candlestick. I am not turning bearish on the group, but would welcome some of the charts to reset in the coming days, especially if the U.S. Dollar...