Saturday Night at Market Chess Cinemas

09Aug4:39 pmEST

Stock Market Recap 08/09/16 {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...

09Aug3:42 pmEST

Maxim Going Straight GQ

Even though they are not necessarily tied at the hip it is still impressive to see quite a few semis completely ignore the MXL earnings carnage today. Maxim, in particular, remains a strong chart on its own merits on top of being an attractive buyout target. On the daily chart, below, note the MXIM tight basing action up here even after its...

09Aug1:14 pmEST

The Most Valuable Commodity I Know of is Information

The information gleaned from this particular earnings season should not be overlooked, for I suspect it will form part of a separation process into the autumn where we see which firms in the hottest sectors truly sustain uptrends, and which take a backseat. Case in point: Recent strong software plays have reported within the last two weeks,...

09Aug10:44 amEST

Time to Play Chopsticks at These Stores

Two discount retail stores are sporting impressive charts into the latter portion of summer. We have been tracking OLLI for a while, and one of our Members also noted BIG with similar base in the context of an overarching uptrend. So while many other segments within the retail sector are merely trying to prove a bottom, these two plays are near...

08Aug4:48 pmEST

Stock Market Recap 08/08/16 {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...

08Aug3:49 pmEST

Hey, Remember Me? Benny Blanco from the Backtest

Into the closing bell, I still have my eye on the $10.80 level above for USO, ETF for crude oil. Given the bounce we have seen in Black Gold, the first stop is the USO 20-day moving average where we are now. But, after that, if bulls hold serve, the $10.80 level which we have looked at so many times as marking prior support and resistance is...

08Aug1:07 pmEST

A Roundabout Way to Get Back

After topping out in late-2013, high end auction house Sotheby's is essentially back up to where it was in the summer 2014, two years ago now. As you can see on the zoomed-out monthly, below, BID acted as a proxy for bull/bear cycles since the early-1990s, for a variety of reasons. However, since 2013 no such close correlation has followed...

08Aug10:48 amEST

Explore This Overlooked Segment in Energy

As legend holds, on his way down to Seaside Heights for a weekend full of fist pumping at the club, Giovanni da Verrazano (above, top right) discovered the majority of the eastern coast of America including the Virginia and Delaware Capes, New Jersey, New York Bay, Rhode Island, Narragansett Bay, Massachusetts Bay, and the Maine Coast, for his...

07Aug1:57 pmEST

Weekend Overview and Analysis 08/07/16 {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...

06Aug12:41 pmEST

Saturday Night at Market Chess Cinemas

Shot in black and white, the crime/drama noir The Man Who Wasn’t There (2001) is probably one of the more overlooked and under-watched films which Joel and Ethan Coen have written and directed. The cast is first rate, including Billy Bob Thornton, Frances McDormand, and the late, great James Gandolfini. The film makes for a solid summer...