Weekend Overview and Analysis 10/02/16 {Video}

05Oct10:55 amEST

A Few Fakes and Then Breakaway Speed

We have seen this movie before: Rates spike higher and financials rally, as expected. But then the financials lose traction and the trade becomes suspect as banks "squat" back inside their ranges and even threaten breakdowns. As evidence of this recurring theme, you will note how sentiment has become all the more skeptical about this latest...

04Oct3:50 pmEST

Stock Market Recap 10/04/16 {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...

04Oct3:49 pmEST

A Good Reminder About Gold

Days like today, as gold and her miners get crushed, worth reposting Mr. Hearst's philosophy about "The Color." As ugly as it was today, I suspect a year-end rally remans very much in the cards. See you after the bell for my recap.

04Oct1:29 pmEST

The Case for and Against Sugar

Famous science writer, Gary Taubes is set to release a new book in late-December titled, The Case Against Sugar . Taubes has previously detailed the critical mistakes the FDA made in declaring dietary fat to be the main culprit for disease and well-being while sugar/fructose was largely viewed with a far less disdainful eye. Recent...

04Oct10:43 amEST

Balancing Out the Move in Gold

Back on September 15th we noted a potential scenario for gold and her miners in this blog post . The setup was not unlike equities in the summer 2009--A significant rally for months on end coming off a major bear market bottom, followed by a fairly obvious daily chart head and shoulders top. The quick washout, followed by a pivot to commence...

03Oct3:52 pmEST

Stock Market Recap 10/03/16 {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...

03Oct3:47 pmEST

The Allure of the Rails' Yesteryear

After noting their consistently bearish price action for quarters on end, the majority of the railroad stocks have been in steady-as-she-goes uptrends since the winter months. The Norfolk Southern daily chart, below, illustrates as much, with even today's soft tape not inflicting any selling on the name. Other large rails like CP CSX UNP have...

03Oct1:24 pmEST

It's All Fun and Games Until the Market Tests Your Mystique

Warren Buffett finally shed at least some light on the Wells Fargo situation last week, downplaying a report that he wants to transform the WFC Board. Instead, Buffett largely is taking a wait-and-see approach, as share of WFC have lost more than $20 billion in value since the scandal broke. WFC is a prominent holding for Buffett's Berkshire...

03Oct10:46 amEST

A Glance Into the Abyss

Despite The Fed standing pat at its most recent meeting and not raising rates, some of the reactions by the "rate-sensitive" sectors hint at tightening cycle still underway. Specifically, the utilities are testing the 200-day moving average on the sector ETF for the first time since January. On the XLU daily chart, below, the ETF clearly broke...

02Oct2:52 pmEST

Weekend Overview and Analysis 10/02/16 {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...