Stock Market Recap 01/08/19 {Video}

14Jan3:57 pmEST

That's a Long Island for Ya

Be sure to check out the full Member video recap tonight for a follow-up discussion on natural gas and its ETF regarding the "island bottom" formation featured on the daily chart, updated below.

14Jan11:01 amEST

It'll Do Until the Mess Gets Here

Opening weakness in equities is being chalked up to a variety of causes, be it the government shutdown dragging on, poor overnight China data, or underwhelming earnings thus far into a brand new reporting season. Regardless of the actual proximate cause, though, the nature of the selling this morning is not yet violent enough to anticipate a...

13Jan2:58 pmEST

Weekend Overview and Analysis 01/13/19 {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...

11Jan3:41 pmEST

Welcome Back, Welcome Back, Welcome Back

Here comes natty, back over its 200-day moving average on its ETF daily chart below. Buying natural gas off support has worked well compared to buying breakouts since last Labor Day. Still it is worth looking at natty for a 200-day buy spot next week if the strength persists, especially now that many people forgot about it despite us being the...

10Jan3:38 pmEST

Out with the Old

Despite an omnipresent group of stubborn shorts, or perhaps because of them in part, Tesla continues to notably outperform the "FANG" plus Apple (not to mention NVDA SQ) prior leadership names to little fanfare. Recently, TSLA bears had every chance to break the name back under its 200-day moving average and get the ball rolling downhill are...

10Jan10:56 amEST

A Pedestrian Roll Down the Valley

Bears were almost assuredly looking for a more violent pullback this morning, as the price action thus far smacks more of digestion after an epic feast in the form of a sharp relief rally since Christmas. At the moment, the major averages are still comfortably holding above their respective 20-day simple moving averages with little in the way...

09Jan5:21 pmEST

Stock Market Recap 01/09/19 {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...

09Jan2:35 pmEST

A Bit Too Much Tap-Dancing for My Taste

(Gregory Hines in Tap [1989]) The market may very well continue to chug on higher, but the risk/reward proposition for longs is seemingly growing more unfavorable by the hour. Case in point: The rising channel on the SPY, ETF for the S&P 500 Index, which we observed earlier this week is growing more concerning today. Specifically, on the...

09Jan10:54 amEST

FOMO Fatigue for a Drowsy Market

Another early pop off the opening bell looks to be fading as I write this. And this time around I am less emboldened by the prospect of buyers immediately swooping back in. As a result, I lightened up on a few of my quick-hitting swings longs inside Market Chess Subscription Services, and am inclined to let any pauses or pullbacks play out a...

08Jan5:10 pmEST

Stock Market Recap 01/08/19 {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...