Stock Market Recap 10/30/18 {Video}

05Nov3:05 pmEST

The Duck, I Says

Even with rates going higher and The Fed on track to raise at least once more before 2018 is over (likely in December), it is fascinating to see those sectors which one would think should suffer from higher rates flourish of late. Specifically, the high-yielding consumer staples, REITs, and utilities have functioned as impressive safety trades...

05Nov10:26 amEST

Forever Elusive

It almost seems poetic that natural gas, after years upon years of endless new lows and failed rallies, would truly improve from a technical perspective and grow stronger by the month as equity markets look as shaky as they have in quite some time. Forever elusive, indeed. On the UNG daily chart, below, which is the ETF for the commodity, note...

03Nov9:05 pmEST

Saturday Night at Market Chess Cinemas

The first season of the YouTube Red series, Cobra Kai , which is the follow-up to The Karate Kid (1984), as well as the sequel, functions initially as a curious "where are they know?" long overdue update. But after that, we have the makings of an excellent series. Ralph Macchio has been known to be rather picky in terms of him advancing...

02Nov10:56 amEST

Not Marriage Material

As one of our Members astutely noted earlier, the S&P 500 Index's ETF, SPY, basically tested its 200-day moving average from underneath in the pre-market surge this morning. Whether or not that will suffice to render the current relief rally near its termination date remains to be seen. However, what we do know is that it remains tough to trust...

01Nov3:06 pmEST

Get That Swagger Back

The markets, not to mention the general competitive nature of capitalism, have a unique way of humbling the most cocksure players, in due time. Indeed, it was not too long ago that Under Armour stormed onto the retail sportswear scene and took no prisoners, justifiably strutting around the sector as if they were the future. That...

01Nov10:35 amEST

Three Card Monte Market

In front of Apple earnings this evening, equities are doing their best to bide their time in the form of three-card monte type of action. Specifically, the small caps in the IWM noticeably lagged yesterday's rally (and nearly closed red), but are now well out in front of the tape as tech is the laggard du jour. As long as this type of three...

31Oct3:48 pmEST

Stock Market Recap 10/31/18 {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...

31Oct2:12 pmEST

Limited Visibility

Just because we are not yet sure if the market has truly bottomed does not preclude us from making some near-term assumptions. Simply put, if the major indices follow the Dow Jones Industrial Average higher to their respective 200-day moving averages (the Dow already tested it today and is showing no initial signs of failure) then it becomes...

31Oct10:44 amEST

Sometimes You Have to Fight on Halloween

I made a last-minute decision yesterday inside Market Chess Subscription Services to unload the rest of my VXX (volatility) long and dip a toe back in the equity waters, as bears seemed to have fumbled a bit one too many times for my taste in terms of truly washing out this market. More than anything else, corrective or bearish trends tend to...

30Oct4:34 pmEST

Stock Market Recap 10/30/18 {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...