Monthly Archives: March 2018

26Mar3:42 pmEST

It's No Big Deal, We're Just Having a Party Here

Many, many years ago I was playing poker at Foxwoods, in the heart southern New England, and the dealer at my table made several mistakes in the middle of a serious hand with a substantial pot sitting in the middle of the table. I was not in the hand myself but can still vividly remember it.  The young poker dealer was obviously fresh out of...

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26Mar1:14 pmEST

Shaking off the Facebook Warts

Despite glaring weakness in the likes of FB and TSLA today, bulls are putting up a decent fight this afternoon as the Nasdaq withstood a mid-morning fade and is not too far from retesting session highs as I write this.  While it remains true that the 30-minute timeframe charts of the major index ETFs (DIA IWM QQQ SPY) are far from wildly...

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26Mar10:29 amEST

Commence Relief Rally: To Levitate or Not?

The opening gap higher this morning across equities is practically the living, breathing definition of what a "relief rally" is, where market players who had been leaning on the long side can let out a sigh of relief that the heavy selling we saw late-last week did not have a snowball effect over the weekend and spawn an even nastier,...

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25Mar12:14 pmEST

Weekend Overview and Analysis 03/25/18 {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...

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24Mar6:00 amEST

Saturday Night at Market Chess Cinemas

Mean Streets (1973) is often seen as the the film which gave birth to some of the later classics in which Robert De Niro and director Martin Scorsese collaborated. I recommend it on a standalone basis as well, though the context for future films is warranted too. via YouTube: Harvey Keitel plays Charlie, working his way up the ranks of a...

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23Mar10:21 amEST

A Constructive Mindset for a Corrective Market 03/23/18 {Video}

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22Mar10:40 amEST

Don't Let the Action Be Your Juice

For swing traders, holding stocks for more than a few moments or even sessions, this type of price action should drive home a key point in virtually all forms of speculation: Be it horse racing, sports betting, poker, etc.. And that point would be that there are certain times where it is correct to lay off the action.  The notion of "having...

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21Mar1:08 pmEST

Free Agency and the Draft: Not Just for the NFL

Stocks are enjoying a bit more of a relief bounce from Monday's selloff after the small caps in the Russell 2000 Index exuded impressive strength this morning. Still, we know the FOMC at the bottom of the hour is a well-defined risk event and should be treated as such, meaning we expect to see violent whipsaws from 2pm EST until the closing...

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21Mar10:44 amEST

Beholden to the Weather and The Fed

If we had simply viewed new Federal Reserve chief Jerome Powell with his first policy decision later today after 2pm EST coinciding with another Nor’easter despite spring officially underway, it would probably be a tad too dramatic to play it up as a significant market catalyst.  However, the issue for us as traders is that today's FOMC events...

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20Mar10:03 amEST

In Like a Lion, Out Like a Lion

The wintry weather in the northeast on this first day of spring is not the only thing defying the old saying that the month of March "comes in like a lion, but goes out like a lamb." Specifically, equities as a whole have come under a bit more general pressure than bulls would like to see, albeit with quite a few individual stocks laughing off...

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