Here's the Punchline: The Selling is Still Orderly!

07Nov1:28 pmEST

Plant the Flag Here

We have a mixed bag in the markets today, another in a long line of those in 2023. Nasdaq names are doing the heavy lifting, with the likes of an earnings winner like DDOG way out in front. Meanwhile, small caps are red as I write this, with the regional banks (KRE ETF, daily chart, below) checking back to last week's breakout from prior...

06Nov11:15 amEST

All You Can Eat, Baby

It truly is astonishing just how quickly of a consensus was reached last week, spilling over into the weekend, amongst market players and pundits that a year-end holiday rally is a cinch. Mind you, as we speak it is only early-November. And, yet, the price action into year end has been declared a can't-miss rally both in stocks and bonds. On...

05Nov9:15 amEST

Weekend Overview and Analysis 11/05/23 {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...

03Nov12:34 pmEST

My Vision Differs From Yours

It has been an epic squeeze-fest this week, with the badly beaten-down small caps getting plenty of action to the upside. As unpopular as it may feel and be, part of my job description is often relaying objecting analysis in the face of overwhelming emotions of any given moment in the market. What that means is many folks will have a love/hate...

02Nov2:17 pmEST

Plenty of Hot Tips Out There

Whether it concerns seasonality, the Treasury's recent refunding announcement, The Fed being done hiking, Israeli/Hamas, or anything for that matter we have plenty of hot tips circulating as to why it will all be bullish for markets. And with equities rallying every single day this week bulls are back to feeling their oats. All of this is...

01Nov3:08 pmEST

A Dreary Landing, One Way or the Other

On this post-FOMC/Powell presser squeeze, it appears as though the S&P 500 Index, below on the updated daily chart, has a rendezvous with its 200-day simple moving average (yellow line, arrow), testing it from the underside. The Nasdaq is the leader of today's move, while small caps lag behind. While the market cheers Powell playing both sides...

31Oct3:04 pmEST

They Did it All for the Glory of Love

While equities here stateside are mostly ignoring the Dollar/Yen surging past 151 today, we still have a busy week ahead of us with the FOMC tomorrow, AAPL earnings Thursday evening, followed by the jobs report on Friday. On that note, did the Bank of Japan really tweak their infamous Yield Curve Control policy out of love? I see yet another...

30Oct1:14 pmEST

Well, I Got Some Moves I Can Make Here

Bollinger Bands, the eponymous technical indicator named after its creator, John Bollinger, are "pinching" on the monthly chart for Cathie Wood's ARKK ETF, seen below. For most of this year, I have held SARK, a bear ETF for ARKK, with Members in the service. It is now one of my best performing positions in a year with tons of outliers for me. ...

29Oct10:47 amEST

Weekend Overview and Analysis 10/29/23 {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...

26Oct12:24 pmEST

Here's the Punchline: The Selling is Still Orderly!

With the Nasdaq Composite Index finally (finally!) losing its 200-day simple moving average today, at least so far, every single stock index is below its 200-day m.a.. This circumstance typically begets more selling, not unlike on the way up the buying led to more buying which is a consequences of system/automated trading strategies. That...