Monthly Archives: January 2024
Showing articles 21 - 25 (25 total)
07Jan10:44 amEST
Weekend Overview and Analysis 01/07/24 {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...
05Jan11:25 amEST
I Still Think it Matters
As we noted here and with Members earlier this week, the 4725 area on the S&P 500 Index had turned into tough near-term price resistance. And after this morning's hot jobs report, the initial selloff-turned-squeeze now seems to be slowing down right around that area, as seen and highlighted on the updated 10-minute S&P chart, below. ...
04Jan2:24 pmEST
Choose the Right Dip in 2024
One of my early observations about the tape this morning on the private Twitter feed for Members was that the market had the feel of coasting into tomorrow morning's jobs report. In other words, after selling off for the first few days of 2024, after previously melting up to cap of 2023, a bit of a mixed, drifting session was likely in order...
03Jan10:25 amEST
Bears Should Come to Broad and Wall
“If Santa Claus should fail to call, bears may come to Broad and Wall.” -Stock Trader's Almanac's founder, Yale Hirsch Beyond representing one of those catchy one-liners folks in involved with markets love to say and hear, there is actual historical evidence that the new calendar year may spell trouble for bulls if the "Santa Rally" period...
02Jan10:30 amEST
Slow Your New Year's Roll
Just as folks quickly become bored or impatient with their new year's resolutions (e,g. to hit the gym more), it is quite easy to burn yourself out as a trader after the holiday season if you hit the ground running too quickly once the calendar flips. Case in point: We are actually still in the midst of the "Santa Rally" period on Wall Street,...