Choose Darjeeling Over Coffee

04Jun8:28 amEST

Boxing and Trading

As the world mourns the death of heavyweight boxing champ and prominent global figure, Muhammad Ali, it is worth drawing a few parallels between boxing and trading. The focus on footwork, even though it feels unnatural and seeming odd, in boxing, is not unlike the trading concept of cutting losers and adding to winners, even though that seems...

03Jun1:15 pmEST

The U.S. Dollar is Turning Into a Bad Kenny Chesney Song

One of the main pieces of the puzzle in terms of whether precious metals and miners are truly on the cusp of a new leg higher would be if the U.S. Dollar, or "King Dollar," actually having no clothes. For if the King (Dollar) has no clothes, and definitively loses its attempt to regain previously-broken fifteen-month support, as illustrated...

03Jun10:53 amEST

A Methodical Job

The great irony with this morning's jobs report and all of the inevitable, accompanying "hot takes" by economists and pundits about what it means for a June rate hike (or lack thereof, or back to NIRP, or QE4, etc.) is that the consolidation in the gold miners has been methodical for a few months now. That may not be much consolidation for gold...

02Jun4:43 pmEST

Stock Market Recap 06/02/16 {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...

02Jun3:40 pmEST

What's the Difference a Short Squeeze and a Bonafide Breakout?

Either way, shorts are up against it and more and more individual stocks are acting well ahead of the big jobs number tomorrow morning. More after the bell in my recap for Members and the brief one here.

02Jun12:57 pmEST

Conquering Anti-Social Disorders

Considering they are "social" stocks, the likes of LNKD TWTR YELP, even P, have been decidedly anti-social in their price action over the last few years, especially considering the indices made new highs and many primetime leaders like AMZN FB surged. We have discussed this theme in recent weeks. So what we are going to do now is update it: I...

02Jun10:55 amEST

More of a Summer Gathering

The post-holiday action has more of a feel of a casual summer gathering than it does an action-packed market seeking price discovery. Another soft open has seemingly been blunted by dip-buyers this morning, with plenty of individual names green and aloof to attempts by shorts to take us lower. Until that changes, it is tough to see bears making...

01Jun4:56 pmEST

Stock Market Recap 06/01/16 {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...

01Jun3:33 pmEST

The Tenth Wishes You'd Lost More

A variation of an old poker joke is that when it comes to telling other people your "bad beat stores," or when you are mathematically favored to win a hand before it is completed but an opponent defies the long odds and beats you, you are better off keeping it to yourself because nine out of ten people don't care about your bad beat...and the...

01Jun1:03 pmEST

Choose Darjeeling Over Coffee

Tata Motors Limited, auto maker out of Mumbai, India, is surging this week after earnings. On the weekly chart, below, note the potential for TTM to have just confirmed a sizable bottom since last summer, so long as $31.40 now converts into newfound support, below. Also note the extreme outperformance of TTM this week versus other auto makers...