Stock Market Recap 10/21/20 {Video}

28Oct10:09 amEST

Taking Big Tech to Task

With the CEOs of FB GOOGL and TWTR getting grilled today on Capitol Hill regarding the variety of exclusions they enjoy (Section 230 of the Communications Decency Act, especially), the current mega cap landscape at least somewhat rhymes with the railroad trusts in this country over a century ago. Back then, Teddy Roosevelt earned a reputation...

27Oct4:45 pmEST

Stock Market Recap 10/27/20 {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...

27Oct10:53 amEST

Circus Acts and Sectors

This morning's tape has the look and feel for a circus performer negotiating a complex juggling act, with tech leading and feeding off the AMD for XLNX deal (and MSFT earnings tonight), while small caps and some Dow names lag. Even with Congress adjourned until after the election, there remains dimming hopes for a stimulus deal. However, the...

26Oct3:41 pmEST

Transports on the Move 10/26/20 {Video}

Huge spot for the transports housed in the IYT ETF. We look at the historical significance of the sector and its technical juncture in the following video.

26Oct10:26 amEST

A Case of the Mondays Before Big Thursday

An outlier red Monday morning open is shaking things up a bit for what has mostly been a one-way market for a while now, despite some quiet consolidations below the surface. As I write this, the senior indices are off by about 1% with the notable exception of tech outperforming--Perhaps it is a replay of February/March, where names like AMZN ZM...

25Oct12:20 pmEST

Weekend Overview and Analysis 10/25/20 {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...

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...