A Rocky Day at Sea

14Jan10:29 amEST

Saturday Night at Market Chess Cinemas

With the long, holiday weekend upon us, a double-feature makes sense tonight. Two years ago, I recommended the Netflix original series, "Narcos," after its first season. Upon viewing the second season, I am going to keep recommending the series as an exciting and gripping show. Specifically, the performance by Wagner Moura as Pablo Escobar...

13Jan1:31 pmEST

Artful Speculation at the Guggenheim

After failing to, thus far, pounce on the short-term initiative since yesterday morning's sell-off, bears are rather sleepy today as we head into a three-day weekend. The indices are holding their ground since an opening move higher. But the market largely has a feel to it of traders punting into next week and beyond the inauguration before we...

13Jan10:55 amEST

A New Season is Underway

The major banks reporting earnings this morning gives a more standard feel to a new earning season now underway. At first, the likes of BAC JPM WFC did not react much. But as I write this I see Wells is up by more than 2%. As for stocks at-large. bulls are looking to erase the concern the market showed yesterday morning off the open, with a...

12Jan3:51 pmEST

Stock Market Recap 01/12/17 {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...

12Jan3:48 pmEST

Banks: Do You Remember the Drill?

A slew of bank earnings tomorrow morning, namely BAC JPM WFC, should set the one for markets into the three-day weekend. I am staying light here, after this afternoon's upside reversal opens up the possibility for bulls to seize back the short-term initiative. As always, on days like today we like to keep track of the relative strength...

12Jan1:40 pmEST

A Few Stops Down

The working thesis for bears has been that the early relative weakness for small caps in the Russell 2000 Index in the new year would eventually drag most of the other indices lower, too. After a few attempts to squeeze bears highs, bulls failed to hold the mid-point of a well-defined price range on the IWM (Russell's ETF), seen on the update...

12Jan10:43 amEST

Another Split Out Wide

It is usually interesting to see the timing of when some of the volatility ETFs effect a reverse-split, as we are seeing today with a 1-5 reverse split for UVXY (the ultra-long VIX ETF). As UVXY reverse-splits, stocks are getting hit with the most selling we have seen in this young year so far. We know volatilty has been a tough long for a...

11Jan3:51 pmEST

Stock Market Recap 01/11/17 {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...

11Jan3:47 pmEST

No More Polar Bears Means No More Solar Bears

Beyond the title of this blog post rhyming, I am not interested in delving into any issues related to the science of weather and its relationship to energy sources. What I do care about is whether it may be time to hold our proverbial nose and buy solar stocks, a sector we have long been bearish on inside Market Chess Subscription Services for...

11Jan1:34 pmEST

A Rocky Day at Sea

With multiple swings centered around a Trump news conference, markets are rather rocky today. Unfortunately for VIX longs, the the fact that VXX is up barely 1% as I write this drives home the point that both they and equity bears need much more selling in stocks before we get the look and feel of a market in a true correction. For now, we are...