Basic Glitch

02Sep11:56 amEST

All Hail the Shale

oil shale /ˈoil ˌSHāl/ noun fine-grained sedimentary rock from which oil can be extracted Oil is popping today to dovetail the impressive breakout in natural gas over the last week or two. While we expect strength in natty to usual go under-the-radar and to not be embraced by speculators given the duration and scope of the long-term natty...

01Sep4:58 pmEST

Stock Market Recap 09/01/21 {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...

01Sep10:56 amEST

Here Come the Tankers

With shipping stocks like DAC DSX GNK GOGL, among others, keep an eye on tankers to see if they can get going. FRO NAT STNG TK are just a few to watch, clearly not as strong as those shipping charts but off to a strong start today, nonetheless. As for the market at-large, we likely have a bit of a void until the jobs number Friday morning (the...

31Aug12:02 pmEST

Sports Betting is Most Certainly the Future

I have so much conviction in the long-term growth of sports betting around the country and world that I wrote an upcoming book (set to be released within a few weeks) discussing basic and advanced strategy for those who want to learn as well as t hose have already have some experience with sports betting. As for the here and now with spots...

30Aug4:19 pmEST

Stock Market Recap 08/30/21 {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...

30Aug11:24 amEST

When You See a Central Banker, Play Dead

We still may very well get a "sell the news" reaction to Jay Powell's exceptionally dovish (under the circumstances) Jackson Hole speech last Friday, but it sure is taking its sweet ol' time to develop as the S&P and Nasdaq print another round of fresh all-time highs this morning. Below the surface I am unimpressed with the tempo and...

29Aug8:58 amEST

Weekend Overview and Analysis 08/29/21 {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...

27Aug9:55 amEST

A Bittersweet Time of Year

Depending on where you live and what your attitude is towards the various seasons, this time of year can be rather bittersweet. Here in the northeast, cold weather and shorter days await us. But hurricanes are extremely rare, and compared to tropical climes down south the summers typically are not horrendously hot and humid. So, it is indeed...

26Aug3:25 pmEST

Old School Readers Will Know

First and foremost, that Clark Gable photo only comes out once per year, usually on my birthday. But since that is in the rear view mirror, I think me charting a rare "megaphone" pattern on the updated QQQ daily chart, first below, is worthy of a special photo for a special post. For those who have been following my work for over a decade, you...

26Aug11:26 amEST

Basic Glitch

An initial, "basic" glitch this morning sent the indices reversing lower abruptly as the Jackson Hole virtual symposium gets underway. However, looking at the updated IWM (ETF for the small cap-dominated Russell 2000 Index) daily chart, below, we cannot be surprised in the least that smalls ran into some "basic" resistance in the midpoint of...