Your Cabin in the Woods is Not as Safe as You Think

16Nov10:11 amEST

Business as Usual

Although the amount of swing trades we make during a market correction is often significantly decreased, we still must go about our business in terms of identifying the best actors during the indecisive market periods so that we can be armed with a basket of fresh winners going forward, especially when the market actually does improve. In...

15Nov5:15 pmEST

Stock Market Recap 11/15/18 {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...

15Nov2:59 pmEST

It Can't Just Be Based on Prayer

With the help of headlines about delayed tariffs, bulls are regrouping nicely after a sloppy morning part of the session. AAPL, GS, and bios are soundly green now and helping to offer hope for bulls betting on a rally into Thanksgiving week. But such a bet cannot be based solely on hope and prayer. Instead, we likely need to kick off that...

15Nov10:46 amEST

Good Idea; Poor Execution

A rally led by suddenly-downtrodden Apple and the biotechs seemed like a swell idea this morning, just when bears figured they had bulls trapped in a corner to deliver a knockout blow or two after a pre-market fade. However, as I write this I see the IBB ETF back to red, and AAPL and XBI (smaller cap biotech ETF compared to the larger IBB)...

14Nov2:31 pmEST

Remember Me: Benny Blanco from the Backtest?

Several weeks ago we observe the weekly chart for the Wilshire 5000 Total Market Index, which is the most comprehensive of the indices in that it measures performance of all U.S. equity securities with readily available price data. When we looked at that Wilshire chart previously, we observed the major support trend-line since early-2016 which...

14Nov10:21 amEST

Bull Markets (And Apple) Don't Die of Old Age But They Do Slow Down

Despite yet another triple-digit rally in the Dow off the opening bell, we have some underlying weakness in key parts of the market which continue to weigh on equities. As an example, even if Apple's growth leadership days are now dwindling due to the law of large numbers (for argument's sake), we must acknowledge that this is one of the most...

13Nov5:07 pmEST

Stock Market Recap 11/13/18 {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...

13Nov10:43 amEST

Not Just a Matter of Semantics, You Know

With crude oil still flashing deep red as I write this, while Apple and Goldman Sachs are putting in rather tepid bounces so far, it is worth reiterating that when we speak of chart patterns we must frequently use the word "potential" when appropriate. Specifically, if a chart pattern is only theoretical and has not yet been confirmed, we...

12Nov5:10 pmEST

Stock Market Recap 11/12/18 {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...

12Nov3:27 pmEST

Your Cabin in the Woods is Not as Safe as You Think

With the broad market correction continuing to be the controlling factor regarding most equities at the moment, it is worth looking into the idea that many of the "safe" stocks housed in the XLP ETF for consumer staples may be ripe to participate in the correction themselves. As a market correction deepens, bears are notorious for showing those...