Operation: Live to Fight Another Day

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...

30Oct3:28 pmEST

Breaking Down Barriers

Working our way through the final hour of trading leading up to Facebook earnings tonight, bulls have performed well today when their backs were against the wall as the SPY probed a $264 breakdown at several junctures. However, when it come to upside follow-through, we know bulls have fumbled many a time when the $267 upside level has been...

30Oct10:49 amEST

Manipulative Machinations

This market sure is putting on the moves to try and suck in every last speculator, as we all eagerly await more clarity on the issue of whether this tape is bottoming for even a respite from the downtrend, or instead is gearing up for a washout of epic proportions. What we do know is that the VIX is resisting collapse, staying noticeably firm...

29Oct4:29 pmEST

Stock Market Recap 10/29/18 {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...

29Oct3:49 pmEST

Operation: Live to Fight Another Day

Risk happens fast. Market like these show just how quickly precious, hard-fought gains can evaporate during corrections. While many insist on being heroes and bottom-fishing what is obviously a deepening correction with a distinct inability to hold bounces, the likely better strategy is to respect the open-strong/close-weak correction...