Hawks vs. Doves

24Sep10:32 amEST

Saturday Night at Market Chess Cinemas

"Mad Dogs" was a one-season-and-done, as the Amazon Original Series based off a British series was not renewed for another season. But that may not be such a bad thing. Even the creators of the show admitted that it would be a shame to see a high energy, exciting, fun first season become watered-down in subsequent seasons given the implied...

23Sep1:23 pmEST

Context Into the Weekend

Headed into the first weekend of autumn, stocks are pulling back after ferociously filling a gap higher on the S&P 500 Index dating back to the harsh sell-off we saw two Fridays ago. That sell-off seems like a distant memory now, given bears' inability thus far to gather downhill momentum off of it. Moreover, bulls have done an admirable job of...

23Sep10:54 amEST

Reversion to Troll

Even if the rumored TWTR buyout does not materialize, a reversion to mean trade between prominent social media firms Facebook and Twitter looks to be shaping up into the end of 2016. For quarters on end, FB has been an undisputed Nasdaq and indeed broad market leader, making new high after new high and smashing critics to smithereens. While...

22Sep3:47 pmEST

Stock Market Recap 09/22/16 {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...

22Sep3:44 pmEST

Sticking with Green

We wound up getting a modest intraday sell-off earlier, after all. However, bulls are recovering nicely into the bell as equities are attempting to close strongly. While seeing FB lag AMZN GOOGL is a bit concerning, and NFLX is suspect at best as one of our Members noted, it is tough to become too bearish on the tape as a whole. Having said...

22Sep1:16 pmEST

Sweet Nektar of the Biotech Gods

Buyers are giving it another go above 2177 on the S&P 500 Index as I write this after the morning gap-fill and expected pause. It seemed like "here we go again" with another fade off the morning highs. However, that fade may now be too obvious, with many traders accustomed to it from earlier in week and indeed a choppy range since the...

22Sep10:49 amEST

Counselor? Come Out Come Out Wherever You Are

With the S&P 500 Index filling its 2177 gap higher from the monstrous gap down two Fridays ago, we are looking to see if bulls can now build on their post-FOMC momentum and hold back above it. If so, then the sell-off from two Fridays ago will take on far less significance than it seemed to have at first blush, and the initiative will be back...

21Sep4:32 pmEST

Stock Market Recap 09/21/16 {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...

21Sep3:51 pmEST

FED AGAIN

Another punt by The Fed and another celebration by stoxks, bonds, and commodities. At some point, markets are going to force Ms. Yellen's hand, particularly the gold market. For now, I am looking to see if today's upside moves can stick and follow-through in the coming days. More in my recaps after the bell.

21Sep1:06 pmEST

Hawks vs. Doves

Ahead of the big FOMC decision whether to raise rates to stand pat, along with plenty of rhetoric as a side dish, precious metals and miners are rallying. Perhaps this may very well be a sign that "someone knows something." But is could just as easily be setting up a "sell the news" reaction. So, gamesmanship is typically a fallacy for these...