Remember Denny Crane?

23Jul10:54 amEST

Those Should Be Tears of Joy

Gold miners are slightly fading this morning after their latest push higher. At first blush, seeing the U.S. Dollar ETF (versus a basket of developed economies' currencies), UUP, on the updated daily chart, below, breaking higher out of consolidation would seem to be prima facie bearish for the entire precious metals and mining complex. ...

22Jul3:30 pmEST

Endless Summer Sessions

This sleeps summer market, seemingly holding its breath in advance of the coming earnings onslaught, has all the pace and action of a Richard Marx love ballad. Naturally, the small caps in IWM are back in the red and blunting any semblance of upside energy bulls were enjoying earlier in the sessions, save BYND and TTD as a few notable...

22Jul10:47 amEST

Games Which Have Been Around for a While

Even in the strongest of bull markets we must brace for standard mid/late-summer games, meaning periods of seemingly endless choppy price action and new ranges tediously being formed on the indices, sectors, and even leading stocks alike. For this reason, we often see options players burned during the late-July/August interval, even if the...

20Jul5:53 pmEST

Saturday Night at Market Chess Cinemas

Currently available on Netflix, Platoon (1986) may not be a particularly upbeat film. However, there is no denying it is Oliver Stone's masterpiece, with the award winning filmmaker flexing his true auteurship as the writer and director here, while a top shelf cast of Charlie Sheen, the menacing Tom Berenger (pictured above), and William...

18Jul6:14 pmEST

Stock Market Recap 07/18/19 {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...

18Jul11:03 amEST

Netflix Out of Compelling Storylines for Now

After spending much of the late-winter, spring, and summer essentially grinding sideways in a massive range we now have Netflix gapping down massively this morning after earnings. From a broad market perspective it is impressive for bulls to see the Nasdaq hang tough and, thus far, avoid significant pin action or sympathy selling from the NFLX...

17Jul4:56 pmEST

Stock Market Recap 07/17/19 {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...

17Jul10:57 amEST

That's Enough Dip

Despite plenty of room for the Dow, S&P, and Nasdaq to all come in for likely healthy and overdue pullbacks to test a modest reference point like their respective 20-day simple moving averages, the small caps do not quite have that kind of leeway. On the updated daily chart for IWM, ETF for the small caps of the Russell 2000 Index, below, we...

16Jul3:07 pmEST

Hey, SIL, Let Me Hear It

Silver is finally waking up today and getting the message after lagging the gold rally for quite some time. SLV is the ETF for silver, a precious metal with more practical industrial application than gold. In addition, SIL is the ETF for silver miners, or at least miners with a modicum of exposure to silver. SIL clearly is an overlooked ETF...

16Jul10:54 amEST

Remember Denny Crane?

Back on February 21, 2018, The Priceline Group Inc. changed the name of its company to Booking Holdings, and its ticker symbol from PCLN to BKNG about a week later. Since then, BKNG has seemingly become less visible as a ticker and market growth leader than PCLN once was, back in its heyday of William Shatner's snazzy commercial advertisements...