It's Like Medieval Times All Over Again

25Jun11:15 pmEST

Saturday Night at Market Chess Cinemas

You are in for a treat tonight, seeing as Stairway to Heaven (1946) [A Matter of Life and Death (original title)] apparently is in the public domain--The full version of the film can be seen below. So feel free to enlarge the video screen and enjoy one of the best films of the 1940s, starring the great Raymond Massey. via YouTube and...

24Jun3:51 pmEST

Drama and Theatrics

The sell-off after the Brexit vote should be respected not so much because of the actual decision itself, but rather some of the vicious downside reversal many charts made off recent highs, such as PCLN. Moreover, when we put the sell-off into context, it is hard to argue that we are witnessing a "buy the blood in the streets" moment, just...

24Jun10:55 amEST

The Cable Guy Says to Get 'er Done

Let's take another look at the "Cable," or the Pound/Dollar currency cross, as equites still seem to be v very sensitive to it this morning in light of the overnight news. On the 30-minute chart, below, we have a well-defined triangle consolidation of lower highs but also higher lows (light blue lines). Whichever way that triangle resolves...

24Jun9:30 amEST

A Full, Traditional, English Brexit

It remains to be seen if the massive dip will get bought in equities into the weekend. But, either way, I suspect we are short-term beholden to the "Cable" currency cross of the Pound/Dollar. On the daily chart, below, 1.40 would be the initial level to reclaim for any type of respite. Once we lost that level last night, for example, global...

23Jun4:47 pmEST

Stock Market Recap 06/23/16 {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...

23Jun3:07 pmEST

Create a Station for Lovable Losers

A recurring theme on this website since the spring months has been the emerging of long-term laggards in the junior marquee space, namely the social media-related junior leaders with some institutional sponsorship, but nowhere close to the likes of AMZN FB. Specifically, the likes of P TWTR YELP have all staged something of a turnaround in...

23Jun1:11 pmEST

A Judgement-Free Zone About Price Undercutting

BusinessDictionary.com defines "Price Undercutting" as: To offer a good or service at a price that is deliberately set below the price charged by the competitor(s). Planet Fitness boats of charging as little as $10 per month to work out at its gym franchise, clearly well below most gyms these days, especially with the rise of specialized...

23Jun10:52 amEST

Hitting Targets on the Nose

We have the good and the bad this morning, into a pre-Brexit result gap up in the broad market. Two names we have mentioned for Members as having no clear trend the last two years, in the leaders' category, may be going separate ways now. On the one hand, Tesla Motors is back down to the $195 support level we had previously analyzed. On the...

22Jun4:33 pmEST

Stock Market Recap 06/22/16 {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...

22Jun3:23 pmEST

It's Like Medieval Times All Over Again

Much like the Middle Ages, all eyes are on the rise and fall of Europe from now until at least tomorrow evening, when we should find out the results of the Brexit poll. As far as equities, we have some solid charts remaining in holding patterns. Bulls will argue that after the Brexit uncertainty is lifted, they will explode to the upside....