Saturday Night at Market Chess Cinemas

06Dec3:48 pmEST

Stock Market Recap 12/06/16 {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...

06Dec3:39 pmEST

One Time, Dealer! One Time

The casinos did a nice job of bouncing back today, with LVS MGM WYNN all posing threats for a year-end rally. Beyond them, I want to see if the main slot maker IGT can stabilize for another push higher before 2017. And then there is MPEL, a pure play on Macau gaming which has also been solid of late. But the sleeper play, to me, still seems...

06Dec1:34 pmEST

European Vacation Looking Better on Many Fronts

The major European banks, BCS CS DB, all three of which were printing fresh lows on a daily basis earlier this year, are now suddenly surging and flashing signs of putting in intermediate-term, if not longer-term, bottoms. A major part of the bear case for global dislocations in markets seemed to hinge on the notion that at least one of...

06Dec10:43 amEST

Bulls Make Money, Bears Make Money; Carnitas Get Slaughtered

Chipotle Mexican Grill, a name we have recently been noting as a renewed short setup for Members, is knifing down more than 6% this morning after its co-CEO said he was nervous about the firm hitting year-end guidance. Putting that news to one side, the overarching trend for CMG remains firmly down, with plenty of other casual dining stocks...

05Dec3:57 pmEST

Stock Market Recap 12/05/16 {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...

05Dec3:54 pmEST

Netflix Just Needs to Be Coached Up

NFLX still looks good on multiple timeframes, but just needs another push and hold back over $120 this week to go long for a Christmas run. More in my recap after the bell.

05Dec1:24 pmEST

Glimmers of Glitter for Gold

In light of the Italy vote result, the overnight gold fade had to be rather frustrating for those positioning for some type of calamity in global markets. Still, in spite of the fade, the Euro rally may be what the doctor ordered for gold to muster some type of reversal down here. Clearly, observing the GLD ETF daily and monthly charts,...

05Dec10:45 amEST

Convict Your Convictions with an Impartial Jury

One of the more challenging aspects about speculating in markets revolved around the scenario where we become exciting at the prospect of a big-time, "home run" thesis for a potential legendary trade, only to see it take too long to develop. At that moment, the issue then becomes whether to show more patience or instead seek to reevaluate the...

03Dec9:12 pmEST

Weekend Overview and Analysis 12/04/16 {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 markets. Please click here for more...

03Dec9:11 pmEST

Saturday Night at Market Chess Cinemas

Confidence (2003) did not win any big awards, and certainly was not the "type" of film do so. But it sure is a good time, featuring an accomplished cast of Edward Burns, Dustin Hoffman, Paul Giamatti, Andy Garcia, Rachel Weisz, and Brian Van Holt. As the title implies, the film centers around the art of the “confidence (or con) game.” All of...