Stock Market Recap 04/18/18 {Video}

23Apr1:06 pmEST

Thar She Blows!

The major averages continue to operate in a grinding range, in a bit of a holding pattern today in front of what is likely to be the busiest macro and earnings week of the spring, staying with Google/Alphabet tonight, not to mention with rates moving higher yet again. Select equities are acting well, but I am reticent to press longs until I...

23Apr10:32 amEST

No Fumble from Macy's This Time Around

A remarkable but seemingly under-the-radar relative strength chart during the recent market uncertainty has been the iconic department store, Macy's. Macy's has been in a devastating downtrend since 2015, at one point in the conversation among retail bears (and/or Amazon bulls) to go to zero. However, as you can see on the daily chart, below,...

21Apr11:40 pmEST

Weekend Overview and Analysis 04/22/18 {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...

21Apr11:38 pmEST

Saturday Night at Market Chess Cinemas

The Wild Bunch (1969) headlines the talented William Holden, Ernest Borgnine, and Robert Ryan about an aging group of outlaws looking for one last big score as the “traditional” American West is disappearing around them. If you are looking for well-done western action, this film is as good as any.

20Apr12:43 pmEST

More Pressing Matters Than GE

Regarding General Electric's post earnings bounce from its downtrodden positions on the long-term timeframes, I continue to key off the $14 level. If bulls allow GE to dip back under that level then I suspect the current relief rally will prove ephemeral and uniquely demoralizing for value players seeking to bag the proverbial elephant. But...

20Apr10:38 amEST

The Miners Have This Rat: This Gnawing Rat

With earnings out of the way this morning, as one of our Members noted earlier, the major materials miner player Cleveland-Cliffs could easily squeeze into the heart of the second quarter of trading. In addition to the rotation we have seen of late into the materials, mining, and general commodity complex, note that CLF is a rather...

19Apr3:52 pmEST

Stock Market Recap 04/19/18 {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...

19Apr12:41 pmEST

POSCO May Be in a "Heads I Win, Tails You Lose" Spot

(Full disclosure: POSCO (PKX) is a name I have owned as a long-term investment inside the VIP arm of Market Chess Subscription Services since 2015) Owning PKX, the massive South Korea steel maker, the last few years has indeed been an interesting journey, as plenty of steels and global materials miners were all but written off as byproducts of...

19Apr10:13 amEST

The Trend is Bending

“The trend is your friend until the end when it bends.” – Ed Seykota The commercial real estate stocks housed in the IYR ETF have profited nicely from a generally very low interest rate environment since 2009, as one would expect. The fallout from the 2008 financial crisis was baked into the proverbial cake during the prior, legendary bear...

18Apr3:49 pmEST

Stock Market Recap 04/18/18 {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...