We Can Look at the Positives and the Negatives

10Dec7:49 pmEST

Saturday Night at Market Chess Cinemas

Featuring a strong performance by a young Gary Busey, The Buddy Holly Story (1978) does a good job portraying the iconic rock legend from his meteoric rise to fame followed by his marriage and tragic death. Buddy Holly was a tremendous talent, and this film, along with La Bamba (1987), are certainly worth a viewing to look at the legendary...

09Dec11:07 amEST

A Little Something for the Scavengers

If you have been patiently waiting to pounce on some shorts, the natural instinct is of course to go after some very extended parts of the market which have surged, like small caps or financials, for example. Indeed, those short scalps could easily work over the weekend as a hedge versus existing longs. But it is also worth considering, in...

08Dec3:42 pmEST

Stock Market Recap 12/08/16 {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...

08Dec3:38 pmEST

The Sky is Falling on Macau

I wrote about domestic casino operater RRR the other day. So, I wanted to follow-up on the abrupt sell-off today in the Macau-related players, namely LVS MPEL WYNN, even MGM, all getting clocked about an hour ago on news that Beijing was pushing back against Macau by slashing ATM withdraw limits. LVS MGM MPEL WYNN all suffered immediate and...

08Dec1:37 pmEST

Why is VIX All Alone? No Friends, No Friends

The typically-destitute VIX (CBOE Market Volatility Index, measuring "fear" as a proxy from the options market) is higher for the second day in a row, today up a reasonable amount considering indices are squeezing higher yet. When the VIX is below 20, as a general rule, and VIX futures are in contango, it is tough to get too excited about...

08Dec10:51 amEST

Ferret Out a Winner in Trench Warfare

You have to really feel for biotechnology bulls in this market, with the indices making fresh highs and this morning's softness thus far proving to be rather benign. And, yet, the biotechs are still reeling form Trump's comments yesterday while the IBB XBI sector ETFs continue to sport corrective charts not yet healed. Major biotechs like GILD...

07Dec4:02 pmEST

Stock Market Recap 12/07/16 {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...

07Dec3:55 pmEST

Twitter Released After One Year for Good Behavior?

Twitter may very well be before the parole board here, having put in its time skipping along a series of lows in 2016 amid the broad market making new highs. And if the parole board releases Jack and company on good behavior, it could suddenly be a fun 2017 for the bird. One step at a time, though, especially since Twitter managed to...

07Dec1:31 pmEST

A Different Kind of Cloud Stock

It is that type of market these days, with materials and coal stocks staging an epic resurgence once thought impossible, based on their price action in recent years. And, yet, a coal play like Cloud Peak Energy, below on the daily chart, is an excellent candidate to follow other coal plays higher which we have highlighted for Members, namely...

07Dec10:49 amEST

We Can Look at the Positives and the Negatives

On this National Pearl Harbor Remembrance Day, we can look back at the horror suffered in Hawaii, awakening the sleeping giant known as America and bringing us into World War II in an active role. But we can also look at the new heroes which later emerged, such as John Basilone (pictured above receiving the Medal of Honor) who nearly...