Sunday Matinée at Market Chess Cinemas

15Mar5:12 pmEST

Stock Market Recap 03/15/16 {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...

15Mar3:32 pmEST

Let's Have a Muppet Party

The price action in the "safe, blue chip" healthcare stocks today smacks of a bear raid in progress, with the VRX crash now spreading to the likes of MNK. HZNP LLY are also getting hit, as is PFE. With this in mind, if the selling does not relent after the FOMC tomorrow, we have our eyes on NBIX as another short setup. On the daily chart,...

15Mar12:43 pmEST

A Modest Diversion

The action in HLF and many biotechs today, such as JUNO KITE each down nearly 10%, may very well be providing a modest diversion from the main attraction. Specifically, the S&P is struggling to hold above what is turning into a well-defined $201 level on the SPY ETF, seen below on the 15-minute timeframe. Below there, and a gap-fill from...

15Mar10:42 amEST

You Call This One and It's All Over, Baby

The price action in the stock for Valeant Pharmaceuticals this morning tends to bring out the gambler in many traders; Those who assume that just because the stock is down nearly 40%, it therefore follows that a tradable low is imminent. To be sure, VRX will stage sharp reflex rallies from deeply oversold conditions, barring an outright...

14Mar5:03 pmEST

Stock Market Recap 03/14/16 {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...

14Mar3:08 pmEST

Update on Precious Metals and Miners

Although seeing GDX down 4% today may not be very pleasant for NUGT and JNUG holders, gold miners in general have given back very little of their winter rally off a potentially significant bear market bottom. Trading around commodities, especially as they go about proving these potential bottom and the emergences of new uptrends, requires a...

14Mar12:33 pmEST

Drift Into End of Winter

After a lackluster open, the pace of the action has not yet picked up today. On the one hand, bulls are defying a sell-off in crude oil, with QQQ holding green and clearly acting as a bastion of relative strength today. However, small caps are holding on for dear life to $107.50, seen below on the IWM 30-minute timeframe as marking an area of...

14Mar10:47 amEST

At a Cross-Section of Danger

Crude oil weakness this morning is not yet having a full-on bearish effect for stocks at-large, with the QQQ green as I write this and the lagging small caps holding $107.50 support on the IMW ETF. Marijuana play GWPH is shooting up (or smoking up) this morning on the back of positive results from Phase III. Other weed-related plays like INSY...

13Mar2:53 pmEST

Weekend Overview and Analysis 03/13/16 {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...

13Mar11:09 amEST

Sunday Matinée at Market Chess Cinemas

Mad Dog and Glory (1993) is an intriguing comedy/drama mostly because Robert De Niro and Bill Murray go against type in a major way. As we see their surprising role reversal unfold, De Niro plays a shy, lonely police crime scene photographer, while Murray is a hot shot, yet goofy wannabe stand up comic, mafia boss. De Niro’s character saves...