Saturday Night at Market Chess Cinemas

06Feb3:54 pmEST

Stock Market Recap 02/06/18 {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...

06Feb3:52 pmEST

Kill the XIV and All Debts Are Paid

Can it really be that simple for the market to now shake off the events of this week and resume the melt-up to new highs? We have some big earnings tonight, like Disney, would should offer a respite from the XIV SVXY tom-foolery. But liquidation events are typically serious business for longer than just a day or two, especially when big banks...

06Feb1:23 pmEST

Sneaky Retail Smarts on The Street

With the recent mechanical and liquidity issues the market has experienced during this correction, an initial thought would be that the retail stocks would quickly relinquish a chunk or all of the relief rally the sector has enjoyed of late, rallying after quarters of end of largely getting pummeled. After all, plenty of retail firms still have...

06Feb10:38 amEST

Fully Hedged and Full of Bovine Scatology

General Norman Schwarzkopf, pictured above, once scoffed at a report critical of him during the first Gulf War as, "...bovine scatology." When we look at what has happened with the deeply-flawed volatility (VIX)-related ETFs and ETNs over the last eighteen hours or so, namely SVXY and XIV, something else stinks to high heaven. On the one hand,...

05Feb3:48 pmEST

Stock Market Recap 02/05/18 {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...

05Feb3:45 pmEST

He Ain't Pretty No More

The market action of late reminds me of the LaMotta vs Janiro fight immortalized below in Raging Bull (1980)--A pretty, successful fighter with the world as his oyster, in Janiro, eventually runs into something more ferocious and violent than he could have ever imagined. Equities may still very well be in the middle of a long-term bull...

05Feb2:08 pmEST

It's Not a Real Correction Until Amazon Loses a Battle

The early bounce attempt in the broad market was aggressively stuffed by sellers, as the Dow was off by well over 400 points this afternoon. While it is obvious that most indices are now short-term oversold, it is worth remembering that just as the market seemed like a one-way freight train on the way up, it need not obey the seemingly logical...

05Feb10:48 amEST

Scavengers in the Early Weakness

After a fairly sizable thrust lower to follow-up Friday's steep selloff, the Nasdaq is now green I as write this while the rest of the tape fights back. This initial dip-buy attempt should give us some good insight as to what type of market beast we are dealing with, in terms of the sustainability of the reversal--A completely giveback of the...

03Feb9:45 amEST

Weekend Overview and Analysis 02/04/18 {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 mark Please click here for more...

03Feb9:27 amEST

Saturday Night at Market Chess Cinemas

After the first truly rocky week in the market in a good while, I am sure many will appreciate a classic, all-American comedy starring Rodney Dangerfield. Back to School (1986) also features many familiar faces, such as Burt Young, Ned Beatty, Sam Kinison, and Robert Downey, Jr.. The plot centers around an uneducated, self-made millionaire...