A Cinderella Story in March

20Mar12:46 pmEST

Sunday Matinée at Market Chess Cinemas

Nearly twenty-five years later, I can vividly remember sitting in a theater being mesmerized by the cinematography in the film, A River Runs Through It (1992). Based on the true story of Norman Maclean’s life in Missoula, Montana, Robert Redford directs a gripping period piece about fly fishing and the different paths that two brothers take...

18Mar2:48 pmEST

Leave the Gun. Take the Steak

Bulls continue to defy top-callers as we work through the late-afternoon portion of today's session. I am mostly looking to stay out of trouble on the short side, for now, until I see some more meaningful signs of buyers losing their grip on the action. While some sectors like regional banks are well off session highs, biotech has staged a...

18Mar1:10 pmEST

This Bear Claw Recipe Calls for Bittersweet Chips

The vertical rally in the semiconductors is suddenly closing in on a major resistance trendline dating back to last Memorial Day, when the chips seemed unstoppable. As we know, however, that proved to be anything but the case, as the semis topped out and trapped a plethora of longs near $60, on the SMH sector ETF. Since then, the semis...

18Mar11:13 amEST

Drone Surveillance on Amazon

Amid another morning where the indices are resilient and pushing higher yet, the action below the surface is still a bit sluggish. TSLA, as we observed yesterday, is now up to major resistance trend dating back to last summer with the latest squeeze this morning, making it tough to do much of anything at the moment while we see if the steep...

17Mar5:33 pmEST

Stock Market Recap 03/17/16 {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...

17Mar3:20 pmEST

A Tactical Maneuver

As we wind down the session on a day when many market players are likely busy with basketball or St. Patrick's Day, or both, commodities have notably outperformed again. We are seeing a bit of a reversal down in the gold miners, though, we saw me taking some profits inside Market Chess Subscription Services. However, the financials are waking...

17Mar12:55 pmEST

It's a Winston Wolfe Bull Market, You Know

A hidden, subtle issue about the rally in commodities in 2016 may very well be that sugar, of all things, led the complex down since 2011 in a very pronounced manner, in a potent downtrend, before bottoming late-last summer. After sugar bottomed before Labor Day 2015, it then made a meaningful higher swing low, which we profiled in real-time...

17Mar10:56 amEST

Rain is a Good Thing

"Rain makes corn, corn makes whiskey" -Luke Bryan It is a fairly slow morning on the indices, but another one in which buyers are stepping in to defend against any type of rollover in the market. Even more impressive is that bulls are resilient in the face of swooning biotech and healthcare stocks, lethargic financials, and the Dollar/Yen cross...

16Mar5:37 pmEST

Stock Market Recap 03/16/16 {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...

16Mar3:25 pmEST

A Cinderella Story in March

After a few post-Fed whipsaws, bulls are largely in control this final hour. Banks and biotech are notable weak links. But to see the major indices in the green even as the Japanese Yen is rallying is impressive. Beyond that, the strength in the global materials and precious miners has been striking this afternoon. We knew that the XME, ETF...