The Same Menu

19Jun2:45 pmEST

Weekend Overview and Analysis 06/19/16 {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...

19Jun11:36 amEST

Sunday Matinée at Market Chess Cinemas

Following in tradition for this website Father's Day, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. I often wonder if he would have liked it as much as I think he would have. I suppose I will always associate this film with...

17Jun12:49 pmEST

Three Card Monte Market

Continuing with one of the recent market themes of prominent leaders lagging, and laggards trying to pick up the slack, we have the likes of AAPL AMZN FB GOOGL NFLX, not to mention biotech and healthcare plays, clearly in the red and not bouncing much intraday. On the other hand, we have some of the beaten-down high growth names catching a...

17Jun10:43 amEST

Big Apple a Replay of Big Blue for the Big Hustler

The news out of China this morning almost seems ancillary to the main issues facing AAPL stock. We went short Apple yesterday inside Market Chess Subscription Services, not because we knew issues would arise out of China today, but rather because the stock remans in a clear downtrend--Lower highs and lower lows--since last summer for one of, if...

16Jun4:42 pmEST

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

16Jun3:42 pmEST

Back to the Mendoza Line

The VIX is back down to 20 this afternoon. On a standalone basis it does not seem like much of a big deal. But when you put that dividing line into context of the broad market in equities, you still get the sense that bears need to continue to see volatility bought and remain fairly elevated. Otherwise, the upside reversal today we saw in...

16Jun12:54 pmEST

Inverse Looks

As equities continue to bounce off their morning lows, it is worth noting the inverse relationships in Treasuries as well as the precious metals miners. Both TLT and GDX had gapped up this morning, but as the SPY just filled its morning gap from the open we have an interesting test for miners for the rest of the afternoon. On the 5-minute GDX...

16Jun10:56 amEST

Changes In Latitudes, Changes In Attitudes

It may seem quaint, but a casual look at the VXX (ETF for the VIX, or Volatility Index) illustrates subtle change in attitude from what had been a very subdued level of fear in the market in recent months. Note the two-day pullback into the Fed was bought, as the VIX is holding above 20 now for the first time since February. This higher low in...

15Jun4:42 pmEST

Stock Market Recap 06/15/16 {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...

15Jun3:41 pmEST

The Same Menu

As it turns out, the Fed is not quite ready to really take away the punch bowl, so to speak. Stocks are yawning off the Fed decision and presser today, at least for now. The real story may be crude oil weakening while miners rally. I will discuss that in more detail in my recaps tonight. We are also looking to see if the VIX makes a higher low...