Special Edition: Full-Length Weekend Strategy Session 10/14/18 {Video}

22Oct10:47 amEST

Lonely Homes; But Misery Loves Company

Housing bulls must be feeling awfully lonely these days, as the XHB and ITB sector ETFs have performed remarkably poorly over the last month. In fact, you might argue that the housing sector's abrupt (back in September) but now-persistent weakness is causing a good deal of consternation among the broad market, too. Either way, it behooves us...

21Oct12:33 pmEST

Sunday Matinée at Market Chess Cinemas

The Wrestler (2008) is easily the finest work of Mickey Rourke's career, as he excels in a low budget but high quality production. To be frank, I have never been much of a fan of WWE, but it would be a mistake to pass up this film. You are talking about great storytelling, acting, and universal themes all in play. The film makes you care...

19Oct9:56 amEST

Legends of Trading: The Story of Paul Tudor Jones

Paul Tudor Jones (PTJ) is one of the most famous and successful traders of all time. He first caught the attention of investors after the release of the documentary 'Trader' that followed his approach to trading the markets and documented the build-up to him correctly predicting the stock market crash of 1987 - Black Monday. His success and...

17Oct4:03 pmEST

Stock Market Recap 10/17/18 {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...

17Oct10:52 amEST

Storm Clouds Not Going Away Yet

After a promising relief rally yesterday we are being reminded this morning that this market is likely still working through a corrective period. As I write this, the Dow is off by 300 points, compelling me to take gains in longs and take off a NTNX position basically flat from where I bought it. At issue now is whether the market completely...

16Oct4:06 pmEST

Stock Market Recap 10/16/18 {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...

16Oct10:35 amEST

A Fine Backdrop

It is always intriguing to see commodity-related stocks outperform a the underlying commodity, such as we are seeing with some of the exploration firms today like CHK RRC SWN. Typically, when the stocks in question outperform the underlying commodity it is a bullish sign of risk-on in the complex. A classic example would be seeing the gold...

15Oct3:38 pmEST

Is Sprouts Farmers Market About to Become the First Grocery Store Pot Stock?

Well, maybe not right away. But the relative and absolute strength in SFM of late, seen below on its updated daily chart, combined with how popular the WING chart has become, drives home a point that we still must stay vigilant to even the most enticing of setups in a corrective market. The reasoning behind that statement is due to how narrow...

15Oct10:57 amEST

I'm Seeing Funny Things with Pot Stocks, Man

One would objectively think that the hot money sectors in recent months would suffer violent, unforgiving drawdowns in times of market pullbacks/corrections where the major averages sharply come in to test their respective 200-day simple moving averages. The thinking goes that highest beta, riskiest sectors which appeared to be generous, cute...