Big Tree Fall Hard, Right?

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...

25Oct11:56 amEST

A Higher Lowjob

Amid deteriorating equities, sticky high rates and Dollar, and mixed earnings results so far (see: GOOGL vs. MSFT last evening), we have the VIX making higher lows at a steady pace over the last five or six weeks. Beyond that, the VIX remains right around 20, which is historically low if you accept that we are in the midst of a bear market or...

24Oct11:46 amEST

Remember Me: Benny Blanco from the Bank?

Much like Benny Blanco from the Bronx , this failed bounce in the regional banking sector ETF (KRE, daily chart, below) looks to have come home to roost for bulls. Specifically, with all that is going on in the world, and in other markets besides equities, it has been quite easy to assume the worst is over for the vulnerable regional banks....

23Oct2:56 pmEST

Some Days it Rains

A mixed, slow tape in front of what should be a week which picks up speed into some major earnings reports has me taking care of some personal business today more than anything else. In light of the Major League Baseball playoffs in full swing, I am reminded of the great film, Bull Durham (1988), and to paraphrase the quote, "Some days you...

22Oct12:19 pmEST

Weekend Overview and Analysis 10/22/23 {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...

20Oct11:19 amEST

The Granddaddy of Them All

The big Wilshire 5000 Index, below on its daily timeframe, tracks every single stock traded in America, weighted by market cap. After a bounce off the 200-day simple moving average (yellow line) earlier this bounce, we are on track to see the Wilshire close back below the 200-day into the weekend on this options expiration Friday. This is all...

19Oct10:35 amEST

The Paper Chase

I once had a law professor who was rather acerbic and mercurial. He intentionally had his students buy a certain casebook of common law cases which he despised so that he could teach "against it" all semester. His rationale was that he found it quite boring to use a casebook which contained court decisions he mostly agreed--That is how much he...

18Oct12:48 pmEST

Big Tree Fall Hard, Right?

We have some sharp reversals off yesterday's small cap-led rally taking place so far today, as the toll of sticky high rates and and now oil prices climbing seems to be manifesting itself on even the most complacent segments of equities. As I write this, small caps in the IWM, China internet names in the KWEB ETF, the mid-caps in the MDY,...