Stock Market Recap 10/10/18 {Video}

17Oct10:52 amEST

Storm Clouds Not Going Away Yet

After a promising relief rally yesterday we are being reminded this morning that this market is likely still working through a corrective period. As I write this, the Dow is off by 300 points, compelling me to take gains in longs and take off a NTNX position basically flat from where I bought it. At issue now is whether the market completely...

16Oct4:06 pmEST

Stock Market Recap 10/16/18 {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...

16Oct10:35 amEST

A Fine Backdrop

It is always intriguing to see commodity-related stocks outperform a the underlying commodity, such as we are seeing with some of the exploration firms today like CHK RRC SWN. Typically, when the stocks in question outperform the underlying commodity it is a bullish sign of risk-on in the complex. A classic example would be seeing the gold...

15Oct3:38 pmEST

Is Sprouts Farmers Market About to Become the First Grocery Store Pot Stock?

Well, maybe not right away. But the relative and absolute strength in SFM of late, seen below on its updated daily chart, combined with how popular the WING chart has become, drives home a point that we still must stay vigilant to even the most enticing of setups in a corrective market. The reasoning behind that statement is due to how narrow...

15Oct10:57 amEST

I'm Seeing Funny Things with Pot Stocks, Man

One would objectively think that the hot money sectors in recent months would suffer violent, unforgiving drawdowns in times of market pullbacks/corrections where the major averages sharply come in to test their respective 200-day simple moving averages. The thinking goes that highest beta, riskiest sectors which appeared to be generous, cute...

14Oct1:00 pmEST

Special Edition: Full-Length Weekend Strategy Session 10/14/18 {Video}

12Oct11:14 amEST

There is Such a Thing as Trying Too Hard

The great irony of speculation and indeed virtually all forms of gambling is that a speculator's intense competitive spirit can often be the downfall. In other words, if a speculator has a background as an athlete in competitive sports, the very notion of losing or not winning is seen as somber, dark event. But to think of trading as akin to,...

11Oct3:15 pmEST

Coming Up...Gold? 10/11/18 {Video}

11Oct10:32 amEST

Market Corrections Test Your Mental Toughness More Than Anything Else

Unlike smooth market uptrends, when large market players (institutions) of size are typically cool, calm, collected, and often buy stocks in the face of even the most bearish of news, market corrections often feature a certain degree of wild indecision as those big players unload stocks or at least refrain from buying them. It is during those...

10Oct4:28 pmEST

Stock Market Recap 10/10/18 {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...