Weekend Overview and Analysis 10/18/20 {Video}

23Oct10:56 amEST

This Market Reminds Me of a Story

Many, many, years ago, and in a pre-9/11 lifetime, I found myself on the American Airlines Shuttle from New York to Washington D.C.. Due to the very short amount of time the shuttle flight is actually in the air, we were flying at a low altitude on a windy, rainy day. The pilot looked young, and the plane got bumped around more than any other...

22Oct3:47 pmEST

No Dice

Although my suspicions of a shocking trend day lower in favor of bears looked promising early on in the session, the multitude of breaking news headlines about the imminent of all imminent stimulus deals seems to still have a notable effect on whipsawing the market back higher at the most (in)opportune of times. Recent IPOs like SNOW and PLTR...

22Oct11:55 amEST

That's Where the Wheat Is

“Why not go out on a limb? That’s where the fruit is.” -Frank Scully More swirling headlines regarding a possible stimulus deal seem to be enough to keep stocks afloat at the moment, despite how ridiculous the whole charade seems at this point--If one were to tally, for example, how many "updated" we received from Nancy Pelosi as well as any...

21Oct4:30 pmEST

Stock Market Recap 10/21/20 {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...

21Oct10:29 amEST

Offsetting Stocks

The NFLX earnings selloff, combined with some weakness in JKS and even ZM this week, seems to be more than offset this morning by extreme strength in SNAP after its own earnings. Up a whopping 30% as I write this, the market clearly thinks it has been severely misplacing SNAP in some way, shape or form. And that strength is spilling over into...

20Oct4:39 pmEST

Stock Market Recap 10/20/20 {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...

20Oct11:44 amEST

Nostalgia is Not Such a Bad Thing

Headed into Netflix earnings tonight, stocks are enjoying a modest relief bounce after yesterday's sharp downside reversal. We will likely be hearing an update from the Pelosi/Mnuchin tag team regarding stimulus deal talks later this afternoon which, of course, is arguably the main focus of the market in the near-term beyond even earnings and...

19Oct3:00 pmEST

A Literal Interpretation

Alternate Title: "If Zoom Goes, We All Go" A fairly obvious, bullish cup-and-handle setup on the IGV, software sector ETF, daily chart (highlighted in light blue, below), is on the minds of many bulls right now looking for any positive Stimulus Deal headlines to propel us higher yet for another round of TikTok tutorials on how to make a score...

19Oct11:13 amEST

Muchos Pendejos with the Conchos y Anteros

[Photo above is from a great independent film, by the way, Mexico's El Infierno (2010)] With the COP for CXO deal this morning, the energy patch continues to consolidate while the pickings are awfully cheap for the survivors of a long-term bear market and general disregard by investors for the sector at-large. As we have been discussing both...

17Oct5:52 pmEST

Weekend Overview and Analysis 10/18/20 {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...