Hey, Jay: Whatchu Gonna Do With All That Junk?

07Oct10:08 amEST

You Forgot About Solars? How Dare You!

During energy bull runs which accompany fears of inflation, we often see one sector after the next under the broad umbrella of all things commodity-related eventually catch a strong bid, be it lumber, natty gas, soft commodities oil & gas stocks, etc.. This phenomenon was rather apparent in the first half of 2008, especially. And could easily...

06Oct3:24 pmEST

I Give This Chart a 4.2 Out of 10

Penn National Gaming (NASDAQ:PENN), which purchased a 36% stake in Dave Portnoy's Barstool Sports in early-2020, is suspiciously weak today despite the broad market upside reversal. On the first daily chart, below, PENN is not nearly as weak as other IWM holdings today due to the energy complex shakeout. However, you can see how dodgy the...

06Oct10:35 amEST

Pain Everywhere You Look

The "max pain" nature of the current market landscape is becoming more apparent by the day and perhaps illustrated best this morning with the indices oscillating wildly at some key support levels, be it 34,000 on the Dow or 4300 on the S&P 500 Index. Indeed, both longs and shorts are in for some serious pain in this market, which has me dialing...

05Oct4:35 pmEST

Stock Market Recap 10/05/21 {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...

05Oct10:41 amEST

Spending More Time At the Crime Scene

Wide range trading persists on the indices, with yesterday's weakness largely erased into this opening push higher. That said, a fair amount of individual stocks I am watching are not exactly bouncing with the same sort of vigor the indices are. But with IWM holding $220 again, we have to account for the potential of QQQ to bounce back up to...

04Oct4:43 pmEST

Stock Market Recap 10/04/21 {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...

04Oct10:52 amEST

Failed Hammers Make for Narrow Passes

The main takeaway from the action thus far this morning is that Friday's much cheered-upon hammer-like (potential!) bullish reversal candlestick on the Nasdaq daily chart (arrow on QQQ ETF daily, updated below, highlights this) looks to be decisively negated with the early selling breaching Friday's lows. Bulls may very well be able to salvage...

03Oct10:52 amEST

Weekend Overview and Analysis 10/03/21 {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...

01Oct3:27 pmEST

Don't Sleep on This Sector 10/01/21 {Video}

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01Oct10:22 amEST

Hey, Jay: Whatchu Gonna Do With All That Junk?

As shocking as it was when The Fed announced it would buy junk bonds last year, it has been equally shocking (although not surprising at this point) how accepted it has become. Indeed, the JNK and HYG ETFs have flourished since March 2020, alternating between periods of trending smoothly higher and then grinding slowly but surely sideways...