You Bust the Joint Out; Ya Light a Match

03Nov1:31 pmEST

Back Above the Mendoza Line as Baseball Season Ends

We last looked at the "Mendoza Line" on the VIX back in June before BREXIT. Specifically, The CBOE Market Volatility Index, or VIX, which is considered to measure fear according to the options market, is shooting higher today after flashing signs of life last week for the first time in a good while. Back over 20, the VIX is crossing over the...

03Nov10:59 amEST

A Smoke-Filled Room to Talk Political Plays

Although politics can, more often than not, largely serve as a distraction to traders and markets, the reality is that we do have a visible General Election on Tuesday. Regardless of where you fall on the political spectrum, if at all, it is useful to have a few general ideas in mind depending on which outcome prevails. Solar has been,...

02Nov3:46 pmEST

Stock Market Recap 11/02/16 {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...

02Nov3:44 pmEST

We All Better Lawyer Up

As though this market did not have enough looming risks, tonight we have Facebook's earnings report. Without question, FB has been as impressive as any leading stock in the market since it emerged from its post-IPO malaise in the summer 2013. Since then, the stock has not looked back even a smudge, as the management team has executed beyond...

02Nov1:15 pmEST

It's All About the Cubs Tonight, But Don't Forget the Sox

The Chicago Cubs will surely draw a huge audience tonight in Game 7 of the World Series in Cleveland. But before the opening pitch, the SOX, not the Cubbies' crosstown rival but rather the Philadelphia Semiconductor Index, may prove a vital role in whether stocks correct in a deeper manner that what we have seen heretofore, or instead keep...

02Nov10:38 amEST

Glut, Glut, Goose!

The massive inventory build just released during the weekly report for crude oil is sending the USO ETF spiraling lower, enough to goose oil bears to make a move in front of the FOMC later. We know energy stocks have been fickle for a while now, in terms of sustaining upside moves. But many petro-sensiitve emerging markets (Russia) and a decent...

01Nov3:41 pmEST

Stock Market Recap 11/01/16 {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...

01Nov3:34 pmEST

Clowns Versus Kings

Clowns seem to be the scariest things going these days. But King Dollar may be a bit more ominous and, along with Treasuries, one of the more legitimate fears The Fed is facing right now. A stronger Dollar may force The Fed's hand, as a de facto tightening of sorts. But, either way, the Dollar has clearly been on a tear of late. At the...

01Nov1:15 pmEST

Energy Has Been Building for a Move

With this morning's bounce attempt off 2120 support on the S&P 500 Index apparently failing, sellers are in control of the initiative for now as we head into the FOMC tomorrow afternoon. Of course, there are plenty of other events which could help sway the market, including Facebook earnings, a jobs report on Friday, and the election next week,...

01Nov10:45 amEST

You Bust the Joint Out; Ya Light a Match

It sure has seemed like burger joints HABT and SHAK have been partially run by Big Pauly , what with their seemingly endless destruction of capital for the last 18-24 months at odds with creating shareholder value. Their respective weekly charts, below, illustrate as much. Simply put, the market has declared HABT and SHAK to be clear losers...