Saturday Night at Market Chess Cinemas

24Jan3:39 pmEST

Stock Market Recap 01/24/17 {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...

24Jan3:33 pmEST

China Stocks: What a Long, Strange, CTRP It's Been

In light of the BABA beat and rally, Ctrip.com is another China play worth watching on the long side especially since earnings are not until mid-March. On the daily chart, below, note CTRP needs to clear the cluster of moving averages, just above, in order to break free and clear and gain momentum. To be sure, plenty are watching BIDU JD SINA...

24Jan1:31 pmEST

Laying the Foundation

Without question, the industrials and miners are notable outperformers today, even as biotechs and healthcare continue to slack. We will delve into some specific, under-the-radar plays for Members coming up in my usual Midday Video. But to be precise in the meantime, the move in the XLB (sector ETF for materials/ags/chemicals) is spectacular,...

24Jan10:48 amEST

Evidence Beyond Positive Thinking

The issue as to whether plenty of materials, steels, mining plays are on the cusp of another sustained move higher off possible bear market lows printed roughly one year ago is slowly resolving in favor of bulls. Beyond a mere whim or knee-jerk reaction to President Trump's rhetoric and policies, we are looking to stay rigorous and assess...

23Jan3:52 pmEST

Stock Market Recap 01/23/17 {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...

23Jan3:49 pmEST

Some Serious Voodoo Charts

The "rare earth" stocks caused a good deal of pain to traders on the U.S. exchanges several years back. It is hard to find many tickers trading here now, though, as the REMX ETF (below on the daly chart) for rare earth mining stocks is composed mostly of obscure firms trading on foreign exchanges. Nonetheless, the improved price action is...

23Jan1:30 pmEST

It's Going to Take a Team Effort

The precious miners are at a major long-term spot, beyond short-term bounces. Fortuna Silver Mines, for example, a silver on the monthly timeframe, below, illustrates this point. You would be surprised to see how many other precious miners are sporting similar technical setups, long-term, where bulls are on the cusp of major technical progress...

23Jan10:43 amEST

Time to Catch the Fat from Falling Chips

Beyond the QCOM issues (a name we had been short for Members over the last few weeks and closed out the position this morning in front of Wednesday's earnings report), semiconductors are reversing soundly off their late-december highs, seen on the SMH sector ETF daily chart, below. With the long reversal doji candlestick off those prior highs...

21Jan7:45 pmEST

Weekend Overview and Analysis 01/22/17 {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...

21Jan7:42 pmEST

Saturday Night at Market Chess Cinemas

From my vantage point, plenty of people could use a break from nonstop politics and political arguments. Some comic relief, therefore, may be in order. As a result, I suggest viewing the now-twenty-five year old, Wayne's World (1992), which should not be dismissed out of hand. We never want to become snobs when it comes to films and...