Weekend Overview and Analysis 10/30/16 {Video}

02Nov10:38 amEST

Glut, Glut, Goose!

The massive inventory build just released during the weekly report for crude oil is sending the USO ETF spiraling lower, enough to goose oil bears to make a move in front of the FOMC later. We know energy stocks have been fickle for a while now, in terms of sustaining upside moves. But many petro-sensiitve emerging markets (Russia) and a decent...

01Nov3:41 pmEST

Stock Market Recap 11/01/16 {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...

01Nov3:34 pmEST

Clowns Versus Kings

Clowns seem to be the scariest things going these days. But King Dollar may be a bit more ominous and, along with Treasuries, one of the more legitimate fears The Fed is facing right now. A stronger Dollar may force The Fed's hand, as a de facto tightening of sorts. But, either way, the Dollar has clearly been on a tear of late. At the...

01Nov1:15 pmEST

Energy Has Been Building for a Move

With this morning's bounce attempt off 2120 support on the S&P 500 Index apparently failing, sellers are in control of the initiative for now as we head into the FOMC tomorrow afternoon. Of course, there are plenty of other events which could help sway the market, including Facebook earnings, a jobs report on Friday, and the election next week,...

01Nov10:45 amEST

You Bust the Joint Out; Ya Light a Match

It sure has seemed like burger joints HABT and SHAK have been partially run by Big Pauly , what with their seemingly endless destruction of capital for the last 18-24 months at odds with creating shareholder value. Their respective weekly charts, below, illustrate as much. Simply put, the market has declared HABT and SHAK to be clear losers...

31Oct3:43 pmEST

Stock Market Recap 10/31/16 {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...

31Oct3:40 pmEST

Add This Wedge to Your Spreads

On the back of the crude oil weakness today, note that high yield corporate and junk bonds have recently been showing some cracks in the foundation. If you doubt there is at least some correlation between HYG JNK and equities, note the JNK ETF weekly chart, below, which shows us that junk and stocks both bottomed in February of this year right...

31Oct1:20 pmEST

Biding Your Time

To be sure, the pace of the market action in equities continue to astound in terms of how lethargic and indecisive it truly is. Patience and resisting the urge to put on too many wagers is an underrated aspect about nearly all forms of speculation. But it surely applies to the current market, perhaps into Election Day or at least FOMC on...

31Oct10:40 amEST

Just Think of it as Turbulence in the Skies

It is often said that an airplane experiencing even rough turbulence is barely noticeable from an outside observer looking at the plane objectively, as opposed to being onboard and feeling as though the plane is on the cusp of losing control. In reality, the plane is not dropping or moving around nearly as much as it seems. The same might be...

29Oct2:40 pmEST

Weekend Overview and Analysis 10/30/16 {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...