Stock Market Recap 02/01/18 {Video}

06Feb10:38 amEST

Fully Hedged and Full of Bovine Scatology

General Norman Schwarzkopf, pictured above, once scoffed at a report critical of him during the first Gulf War as, "...bovine scatology." When we look at what has happened with the deeply-flawed volatility (VIX)-related ETFs and ETNs over the last eighteen hours or so, namely SVXY and XIV, something else stinks to high heaven. On the one hand,...

05Feb3:48 pmEST

Stock Market Recap 02/05/18 {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...

05Feb3:45 pmEST

He Ain't Pretty No More

The market action of late reminds me of the LaMotta vs Janiro fight immortalized below in Raging Bull (1980)--A pretty, successful fighter with the world as his oyster, in Janiro, eventually runs into something more ferocious and violent than he could have ever imagined. Equities may still very well be in the middle of a long-term bull...

05Feb2:08 pmEST

It's Not a Real Correction Until Amazon Loses a Battle

The early bounce attempt in the broad market was aggressively stuffed by sellers, as the Dow was off by well over 400 points this afternoon. While it is obvious that most indices are now short-term oversold, it is worth remembering that just as the market seemed like a one-way freight train on the way up, it need not obey the seemingly logical...

05Feb10:48 amEST

Scavengers in the Early Weakness

After a fairly sizable thrust lower to follow-up Friday's steep selloff, the Nasdaq is now green I as write this while the rest of the tape fights back. This initial dip-buy attempt should give us some good insight as to what type of market beast we are dealing with, in terms of the sustainability of the reversal--A completely giveback of the...

03Feb9:45 amEST

Weekend Overview and Analysis 02/04/18 {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 mark Please click here for more...

03Feb9:27 amEST

Saturday Night at Market Chess Cinemas

After the first truly rocky week in the market in a good while, I am sure many will appreciate a classic, all-American comedy starring Rodney Dangerfield. Back to School (1986) also features many familiar faces, such as Burt Young, Ned Beatty, Sam Kinison, and Robert Downey, Jr.. The plot centers around an uneducated, self-made millionaire...

02Feb1:36 pmEST

It's Adult Swim Now, Act Accordingly

Friday, September 8th, 2017, was the last time that the Dow Jones Industrial Average tested its 50-day simple moving average. You might want to let that sink in for a moment, since we know that bull markets can go on for over a year at times without a given index chart testing its 200-day moving average. However, the 50-day is much more of an...

02Feb10:34 amEST

Bears Must Take Away the Bulls' Most Powerful Offensive Weapon

Bill Belichick (pictured above when he was head coach of the Cleveland Browns in the 1990s) will try to win his sixth Super Bowl this Sunday evening in Minnesota as head coach of the New England Patriots against the Philadelphia Eagles. Belichick is, specifically, known for his astute defensive schemes and game plans tailored to a given...

01Feb3:47 pmEST

Stock Market Recap 02/01/18 {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...