I Give This Chart a 4.2 Out of 10

13Oct4:19 pmEST

Stock Market Recap 10/13/21 {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...

13Oct10:25 amEST

Time for the Other CPI: The Chess Price Index

The frozen seafood (mostly shellfish) packet, below, is a product I have found particularly convenient over the last year or so--High quality protein without added oils, heats up quickly, and tastes good considering it has been frozen. Each packet has cost $3.99 at my local grocery story for as long as I can remember...until two weeks ago when...

12Oct4:27 pmEST

Stock Market Recap 10/12/21 {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...

12Oct10:19 amEST

I Trust You'll Stay Onatopp of This Market

It may be just over twenty-five years old, but GoldenEye (1995) still feels like one of the better recent Bond films (or maybe I am just getting old). With that in mind, the scene below seems applicable to the current market, chopping and swinging around in a range or, in the case of the small caps in IWM, an endless, tedious range for...

11Oct3:53 pmEST

Not So Happy on Columbus Day

Quick note into the bell here about the bond market being closed for Columbus Day. With growth stocks, in many spots, getting hit as rates rose of late, the lack of bounce in names like AMZN and FB today seems to be a bit odd. You can see AMZN quietly struggling below its 200-day moving average (below, yellow line) into the bell today, and FB...

11Oct10:40 amEST

Rough and Tumble Bulls

For various reasons, tech and growth-led bull runs tend to be far more aesthetically-pleasing to most and much more welcomed with open arms by retail traders. However, when it comes to commodity-led bull runs, it often takes a while to warm up to the likes of coal, oil and gas, ags, even solar plays. And then there are the materials miners....

08Oct10:15 amEST

AVAILABLE NOW! My New Book, "A Street Smart Guide to Modern Sports Betting"

The Amazon Kindle version is available now (Paperback version soon to follow). I am confident you will find the book useful and enjoyable. Thank you for all of your support and interest. CLICK HERE TO BUY IT NOW! BOOK DESCRIPTION: The new era of modern sports betting has arrived. As more states officially legalize sports betting so as...

07Oct3:42 pmEST

Reminder: Don't Be a Blaster

In overall rangebound and indecisive markets like the one we are currently still in, the temptation for many traders is to blast all-in long or short (or close to all-in) seemingly on a daily basis as the market fluctuates more violently than usual. As you might imagine, that strategy can lead to some unnecessary violet whipsaws for most...

07Oct10:08 amEST

You Forgot About Solars? How Dare You!

During energy bull runs which accompany fears of inflation, we often see one sector after the next under the broad umbrella of all things commodity-related eventually catch a strong bid, be it lumber, natty gas, soft commodities oil & gas stocks, etc.. This phenomenon was rather apparent in the first half of 2008, especially. And could easily...

06Oct3:24 pmEST

I Give This Chart a 4.2 Out of 10

Penn National Gaming (NASDAQ:PENN), which purchased a 36% stake in Dave Portnoy's Barstool Sports in early-2020, is suspiciously weak today despite the broad market upside reversal. On the first daily chart, below, PENN is not nearly as weak as other IWM holdings today due to the energy complex shakeout. However, you can see how dodgy the...