Saturday Night at Market Chess Cinemas

18Jan10:36 amEST

Lithium: Time to Move on to the Next Big Thing

The hot lithium trend (LIT is the ETF, and ALB FMC SQM are the main three lithium/chemical stocks) of the last several quarters is looking rather long in the tooth at this point. On the ALB weekly chart, below, we have a notable rising steep trend break (light blue line). Of course, breaking a steep rising support trendline does not guarantee...

17Jan4:30 pmEST

Stock Market Recap 01/17/18 {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...

17Jan2:25 pmEST

Let's Drive a Hardcore Pawn Bargain with This Correlation

Oftentimes in writing about markets in real-time, being "too early" versus being flat-out wrong on a given a thesis can often be a matter of semantics and, ironically, not unlike a negotiation at a pawn shop where value is simply determined in the eye of the beholder (who happens to hold some leverage in the negotiation). In reality, though,...

17Jan10:44 amEST

A Spectacle for All to See

Perhaps the main issue with shorting into yesterday's broad market reversal lower was that the prospect of a "blow-off top" or major reversal day off the Dow hitting 26,000 (and the S&P hitting 2800--Big, round but arbitrary numbers indeed) became blatantly obvious. Typically, the market will not top out in such an in-your-face manner, per se....

16Jan3:42 pmEST

Stock Market Recap 01/16/18 {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...

16Jan3:39 pmEST

A Straight Hustle if I've Ever Seen One

After a spectacular start to 2018, we saw a massive gap higher this morning reverse down after the Dow Jones Industrial Average surprised the big, round (but arbitrary) 26,000 level. The above description would seem to be an ideal short setup for bears looking to pounce on an exhaustion move. And while it is certainly true that many stocks are...

16Jan12:32 pmEST

Trade Review: Adjusting to This Type of Market

Last Wednesday, January 10th, inside Market Chess Subscription Services I went long the mid-cap biotechnology stock, Bluebird bio. Here was the text and email alert I sent out after my tweet to clients: TRADE: New Long BLUE @ $171.40 Stop: $160 Target: $190. 2% Size. Mid-cap bios get rotation. Oversold at 50-day m.a. Last Friday, however, I had...

16Jan10:32 amEST

Tesla Part of the Background Scenery

Given the melt-up we are seeing on the major averages, with "Dow 26,000" headlines making the rounds today in the non-financial news media, one would think that Tesla Inc. would surely be out in front of the tape ripping higher. That has not been the case, though, as TSLA has faded a bit in recent months into the market's background scenery....

14Jan11:44 amEST

Weekend Overview and Analysis 01/14/18 {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...

13Jan8:26 pmEST

Saturday Night at Market Chess Cinemas

With the 2018 PyeongChang Winter Olympics approaching early next month, Chariots of Fire (1981) is one of the better movies referencing the Olympics. The theme song played in the clip below is iconic. This is definitely an inspiring film and worth checking out to get you into the mood. From imdb.com Two British track athletes, one a...