The Fed is Trapped; Long Live The Fed

08Aug10:46 amEST

The Scene of the Crime

One of the long-standing issues for swing traders (meaning those market players who seek to hold trades anywhere from a few days to a few weeks) immediately buying back into corrective markets with any sort of size is that the major averages, and indeed many individual stocks, invariably run directly into potential resistance rather quickly...

07Aug4:54 pmEST

Stock Market Recap 08/07/19 {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...

07Aug10:10 amEST

Quick Strike Market

The theme of last evening's full-length video recap for Members centered around the notion that bulls could likely not afford to suffer a gap down in the face of yesterday's bounce combined with some impressive individual earnings rallies in the after hours session, namely GH GWPH MTCH SEDG WW. Our reasoning behind that thesis was that the many...

06Aug4:04 pmEST

Stock Market Recap 08/06/19 {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...

06Aug11:13 amEST

There's Heat Below

A massive upside reversal in the futures overnight may very well have seen bulls breathing multiple sighs of relief. However, it is worth remembering that plenty of opening gaps higher fail during corrective markets. And as we have been profiling, especially since last week both here and with Members, the market has indeed been flashing quite a...

05Aug2:34 pmEST

This Market Requires Beer Goggles

In the midst of an 800 point Dow selloff, seeing a software growth leader like Alteryx, Inc. (AYX) down by a mere 4% may seem about par for the course. However, when we view the updated AYX daily chart, we will note there is no damage of which to speak...yet. Furthermore, AYX is not yet putting in any type of large, solid red candle which...

05Aug10:41 amEST

A Better View for You-Know-Who

Bears can hold their heads high and stick their chests out this morning as the major averages gap sharply lower. Indeed, the red flags and various warning signs we noted last week here and for Members seem to be playing out well for ursine-minded traders. Escalating trade war and geopolitical tensions seem to be the excuse du jour for the...

04Aug9:30 amEST

Sunday Matinée at Market Chess Cinemas

Currently out in theaters, Quentin Tarantino's two-hour and forty-five minute look at real-life stars from 1969 Hollywood in Once Upon a Time In Hollywood (2019) makes for an interesting viewing. Tarantino films largely risk coming off as too campy and contrived, but are also oftentimes entertaining--Clearly, some more than others. And the...

02Aug10:27 amEST

Enjoy the Journey

It may not be particularly fun to ease off the action during this mid-to-late summer market malaise, but with the small caps in the IWM breaking back below their 50-day moving average this morning to compound the heavy selling in tech (QQQ) over the last two sessions, resisting the urge to "make something happen" on the long side may very well...

01Aug3:08 pmEST

The Fed is Trapped; Long Live The Fed

It may take a little while longer yet for equities to fully grasp the picture. But what else is new? The first asset classes to usually catch on are fixed income and, at times, gold. So what is it, exactly, that these markets need to "catch on" to regarding The Fed? How about this: The Fed is officially trapped and now they know it. Any...