Stock Market Recap 05/05/16 {Video}

09May4:39 pmEST

Stock Market Recap 05/09/16 {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...

09May3:30 pmEST

Exhausted Sellers May Have Lost This Auction

The correlation between the stock for high end auction house, Sotheby's, and the S&P 500 Index is a topic long-time readers know we have discussed many times since at least 2013. This morning, Sotheby's announced a $25.9 million loss for the first quarter of 2016. Despite that, the stock is rallying sharply today, up more than 6% as I write...

09May1:00 pmEST

Cleaning the Sweet Tooth in Miners

A harsh shakeout in the miners this morning, precious and otherwise, reinforces the notion that trading this part of the market almost always equates to "adult swim," with wild price swings and tons of head-fakes. In this case, miners bounced back late-last week after some initial weakness. However, the continued rally in the U.S. Dollar saw...

09May10:48 amEST

A Bit Too Leisurely

Despite some notable weakness this morning in miners, emerging markets, financials, and semiconductors, the oversold bounces we are seeing in retail and biotechnology/pharma issues are keeping leisurely bears from reaching their destination of meaningful market downside. Both XRT and XBI ETFs, for retail and small/mid-cap biotechs,...

08May12:58 pmEST

Weekend Overview and Analysis 05/08/16 {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...

07May6:53 pmEST

Saturday Night at Market Chess Cinemas

On this Mother's Day Weekend, one of the more common points of feedback I receive from female readers is that the weekend film recommendations are almost never anything remotely resembling a "Chick Flick." So let's tackle that issue tonight, with Next Stop Wonderland (1998), a very underrated and under-watched film which is certainly worth...

06May3:00 pmEST

Red Auerbach on Defense

Defense has so much to do with the current market, regarding trading and strategy. Today, for example, after a lousy jobs number, a weak AAPL, some horrific earnings sell-offs (DATA FEYE GPRO), and a general drift lower since Monday, bulls appear to be initially defending the 50-day simple moving averages on the S&P 500 and Russell 2000...

06May12:59 pmEST

Lyin' CRUS Logic

The persistent weakness in Apple jumps out from the tape today, with AAPL all of its minor gains from a bounce attempt mid-week, and then some. Apple remains a bearish chart on virally all timeframes, with the name back below its prior 2012 highs, to boot, calling into question a good deal of gains from its 2013-2015 rally. With this in mind,...

06May10:46 amEST

Overkill

Barring a buyout (with a hefty premium) or some type of change which actually works, stocks like FIT GPRO, even FEYE, are good reminders that some things in this world are broken and are not meant to be fixed--Leaving them be is often the best play. The amount of pure destruction of capital and confidence sustained by bottom-picking bulls in...

05May4:42 pmEST

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