A Dovish Raise Looms

17Jun4:09 pmEST

Saturday Night at Market Chess Cinemas

Following in tradition for this website on Father's Day Weekend, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. I often wonder if he would have liked it as much as I think he would have. I suppose I will always associate...

16Jun1:15 pmEST

Quadruple Witching of Eastwick to Kick Off Summer Trading

via Investopedia.com Quadruple witching refers to an expiration date that includes stock index futures , stock index options , stock options and single stock futures . While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June,...

16Jun10:39 amEST

Optical Illusions Back in Play

The opticals ( fiber- optic component makers) have seen rotation within the group for a while now, with leadership alternating in an endless game of musical chairs. On the back of Finisar's earnings rally from last night, it is worth noting the former momentum darling perfectly held where it should have for bulls on the weekly chart, below....

15Jun3:56 pmEST

Stock Market Recap 06/15/17 {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...

15Jun3:53 pmEST

The Best Time to Buy Snapchat is When There Are Filters in the Street

We have largely eschewed the notion of fooling around with SNAP much since its IPO, mostly due to the lethargic price action and overall trend down. Today, SNAP is off by more than 4% and acting poorly as I write this, yet again as the stock comes down to test its $17 IPO level. I will say this: When the DrudgeReport features a...

15Jun1:35 pmEST

Bad News for Disney

Disney seems to be under distribution, and I do not mean it is distributing one of its feature films to movie theaters across the country. Instead, observing the daily chart, below, DIS seems to be undergoing heavy selling by institutions, as seen by the heavy and steady sell volume bars on the bottom pane of the chart. The drawdown that ESPN...

15Jun10:36 amEST

Stocks Have Suddenly Become a Bunch of Soxists

The Philadelphia Semiconductor Index (or "SOX"), below on the monthly timeframe, may finally be reacting to the massive and legendary overhead supply from the Dot-Com bubble of Wall Street yesteryear. There is a whole can of worms to that argument, though, where many contest the idea that overhead supply (or likely, interested sellers derived...

14Jun3:39 pmEST

Stock Market Recap 06/14/17 {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...

14Jun3:37 pmEST

Does "Don't Fight the Fed" Only Apply When Bernanke Was Doing His Thing?

The Bernanke years as Fed Chair are beginning to fade away now, as Janet Yellen continues to slowly tighten. At one point, Dr. Bernanke could seemingly do no wrong in the eyes of markets, as his easy monetary policies made even Alan Greenspan blush. "Don't Fight the Fed," is an old Wall Street axiom considered perhaps too general but often...

14Jun1:22 pmEST

A Dovish Raise Looms

The Fed is expected to raise rates this afternoon, at the bottom of the hour to be precise. However, given that this FOMC will feature Fed Members' forecasts plus a Yellen presser, we could easily see plenty of dovish language to couch any rate hike, in effect keeping markets satiated. We have been tracking the rate-sensitive sectors of late,...