Hey Karl, Let's See if You Can Figure Out What's Wrong with This Market

30Jan10:22 amEST

See's Candies No Evil; Hear No Evil

Warren Buffett, in perhaps one of his final acts of superficial white-knighting (Clayton Homes, cough cough) for the American people, was part of an announcement this morning that his Berkshire Hathaway, Amazon, and JPMorgan would be forming a health care firm "free from profit-making incentives" to lower costs for their employees. Putting to...

29Jan4:54 pmEST

Stock Market Recap 01/29/18 {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...

29Jan1:30 pmEST

Go with the Flow for Now

Early weakness has yet to snowball downhill in the manner I am sure bears want to see, as bulls did a good job this morning of defending $285 on SPY (actively-traded ETF for the S&P 500 Index), seen on the intraday chart, below, with a 5-minute "hammer" reversal candle. Keep in mind, this is a very short-term chart and should only be used as a...

29Jan10:35 amEST

Hacky Sack Might Save the Day for This Loser

Insys Therapeutics, Inc., a top ten holding in the MJX ETF for marijuana-related stocks, is off to a strong start this morning amid a sluggish tape. The daily chart for INSY, below, shows price attempting to hold its 200-day moving average (yellow line) after backtesting it several times of late. In addition, the daily chart does not tell the...

27Jan6:03 pmEST

Weekend Overview and Analysis 01/28/18 {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...

27Jan6:01 pmEST

Saturday Night at Market Chess Cinemas

One of Ben Stiller’s better non-comedy performances can be seen portraying a real-life drug addict in Permanent Midnight (1998), also starring the stunning Maria Bello and Owen Wilson. Critics and audiences alike did not seem too fond of this film, but I believe it is underrated and worth a viewing. via imdb.com Comedy writer Jerry Stahl,...

26Jan2:13 pmEST

Following Up on Wynn Resorts and Steve Wynn

In light of this blog post from Monday, I thought it would be the right thing to follow-up on WYNN in light of (according to Mediate, and other sources like the WSJ) allegations that Las Vegas hotel and casino mogul Steve Wynn is facing dozens of accusations that he displayed a pattern of sexual misconduct over the years, which included...

26Jan10:56 amEST

There's Two or Three Potential All-Stars in There

To paraphrase Lou Brown, there may very well be two or three potential All-Stars in the beverage space. We know that buyout rumors have been swirling for a while now, what with pressure on the likes of DPS KO PEP, and others, to grab up-and-coming growth as consumer tastes evolve in beverages. MNST SODA and FIZZ are the three main prospects....

25Jan3:28 pmEST

Stock Market Recap 01/25/18 {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...

25Jan3:24 pmEST

Hey Karl, Let's See if You Can Figure Out What's Wrong with This Market

"You see there, Scotter. He thinks of the simplest things first" It sure seems like, after several gaps higher in a row, that this market is a bit of out of gas for now. Getting light is likely right.