RS Stands for Relative Strength

23May5:10 pmEST

Stock Market Recap 05/23/16 {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...

23May3:36 pmEST

Market Forecast: Choppy with a Chance of Thunder Bolts

Amid the many complaints by traders about today's boring, choppy session, a few under-the-radar names are moving interesting moves. To follow-up on the theme we discussed in yesterday's full-length Weekend Video Strategy Session for Members (which I posted here on the main site, too), protectionism could easily be a developing theme for U.S....

23May1:12 pmEST

Will Starbucks and the Consumer Fend off Diabetes?

It is fitting, in light of the controversy Starbucks had to quash earlier this year, that the sugar rush SBUX and indeed many marquee consumer names have enjoyed going back many years is still under scrutiny by the market. Beyond that, SBUX and the likes of DIS NKE UA, among others, have shown discernible cracks in their respective foundations...

23May11:00 amEST

Volatility Still Sleeps with the Fishes

To kick off the week leading up to Memorial Day Weekend, stocks are drifting with a bullish bias, particularly in the biotechnology arena. Interestingly, the volatility ETFs, such as VXX UVXY TVIX, are in the red as I write this while the actual VIX is green. One way to interpret this action is that the retail trader is wholly complacent,...

22May2:28 pmEST

Full-Length Weekend Strategy Session 05/22/16 {Video}

The following video is the full-length Weekend Video Strategy Session, which I presented to Members of the Market Chess Subscription Services earlier today. This video is an example of the type of analysis and ideas we look at for Members consistently, during the trading session, each night with full-length recaps, and each weekend with this...

21May9:16 pmEST

Saturday Night at Market Chess Cinemas

Even if you are not the most steadfast basketball fan, I still recommend the well-crafted "Bad Boys: 30 for 30," courtesy of ESPN, available on Netflix, among other places to watch. During arguably the Golden Age of the NBA in the 1980s into the Michael Jordan-dominated 1990s, the Detroit Pistons won back-to-back Championships in 1989 and...

20May12:46 pmEST

With This Market, You'll Need a Certain Zen

The day-to-day whipsaw continues for equities, as bulls seize back the initiative today even if more work is ahead of them next week into the Memorial Day weekend. For now, we are focusing on some special situations seemingly obvious to the chop, as well as to the Dollar, which I will update for Members in my regular Midday Video coming up....

20May10:42 amEST

These Freedom Fries Don't Run

As has been the theme of recent blog posts regarding the U.S. Dollar, even though miners stages an explosive rally in the winter and spring months we need not get carried away assuming the greenback will meet its demise in a straight line to the downside. And then there is also the issue that King Dollar has just staged a bear trap for the...

19May4:36 pmEST

Stock Market Recap 05/19/16 {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...

19May3:38 pmEST

RS Stands for Relative Strength

Into this most recent consolidation for miners and steels, what we like to do for Members is to point out an update group of names holding up well, or exuding relative strength. Reliance Steel is easy to remember, then, a name we had previously noted as being not far from its prior 2008 highs (which is a claim very, very few global miners or...