Is Tesla the Leader We Should Really Be Looking At?

14Nov2:31 pmEST

Remember Me: Benny Blanco from the Backtest?

Several weeks ago we observe the weekly chart for the Wilshire 5000 Total Market Index, which is the most comprehensive of the indices in that it measures performance of all U.S. equity securities with readily available price data. When we looked at that Wilshire chart previously, we observed the major support trend-line since early-2016 which...

14Nov10:21 amEST

Bull Markets (And Apple) Don't Die of Old Age But They Do Slow Down

Despite yet another triple-digit rally in the Dow off the opening bell, we have some underlying weakness in key parts of the market which continue to weigh on equities. As an example, even if Apple's growth leadership days are now dwindling due to the law of large numbers (for argument's sake), we must acknowledge that this is one of the most...

13Nov5:07 pmEST

Stock Market Recap 11/13/18 {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...

13Nov10:43 amEST

Not Just a Matter of Semantics, You Know

With crude oil still flashing deep red as I write this, while Apple and Goldman Sachs are putting in rather tepid bounces so far, it is worth reiterating that when we speak of chart patterns we must frequently use the word "potential" when appropriate. Specifically, if a chart pattern is only theoretical and has not yet been confirmed, we...

12Nov5:10 pmEST

Stock Market Recap 11/12/18 {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...

12Nov3:27 pmEST

Your Cabin in the Woods is Not as Safe as You Think

With the broad market correction continuing to be the controlling factor regarding most equities at the moment, it is worth looking into the idea that many of the "safe" stocks housed in the XLP ETF for consumer staples may be ripe to participate in the correction themselves. As a market correction deepens, bears are notorious for showing those...

12Nov10:52 amEST

Cabot the Sharp Cheese; Cabot the Sharp Chart

If it seem as though the tone and tenor of our analysis since early-October has focused on special long situations in line with a generally defensive view of the broad market, it is because our intent is to stay opportunistic and upbeat during market corrections without taking unnecessarily large drawdowns. Oftentimes during market...

11Nov4:23 pmEST

Weekend Overview and Analysis 11/11/18 {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...

09Nov10:32 amEST

Southwestern Tough to Survive This Saloon

Crude oil bulls have found themselves in the wrong saloon, and have yet to alleviate the situation in any way, shape, or form. Just this morning, for example, we have another gap down not just in crude itself, but also the OIH XLE XOP ETFs for energy-related stocks. Oil has been noticeably weakening since early-October, perhaps coinciding with...

08Nov2:22 pmEST

Is Tesla the Leader We Should Really Be Looking At?

One of the most challenging aspects of being a speculator, in any form, is simultaneously having strong opinions grounded in your core process while also being able to continually reevaluate that thesis to see if it continues to stand up to the scrutiny of markets. In other words, we have to do our homework, place our bets, track our bets...