Back Above the Mendoza Line

02Mar11:15 amEST

Welcome to the Roaring Twenties with a Jittery Jitterbug Market

You wanted the Roaring Twenties in this century? You got it! Complete with exhilarating moves in the stock market last week against the backdrop of aggressive news flow we have a jittery market which seems like it is doing the "Jitterbug" dance more than anything else both overnight with the futures and this morning in the cash session. We...

01Mar12:36 pmEST

Weekend Overview and Analysis 03/01/20 {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...

27Feb6:13 pmEST

Stock Market Recap 02/27/20 {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...

27Feb10:42 amEST

What in Tarnation?

Another 700-900 point drop or so in the Dow this morning, and yet the likes of NFLX RNG ZM (below, on its updated daily chart) are acting like we are breaking out to new highs on the indices. Of course, we know that is not the case, with the Dow and Russell both firmly below their respective 200-day moving averages, the S&P 500 testing its own...

26Feb5:20 pmEST

Stock Market Recap 02/26/20 {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...

26Feb10:53 amEST

A New Star if It Stays Healthy

Blackline Inc., a smaller cap software play, has never really been thought of as am emerging leader. On the second chart, below, of the monthly timeframe for BL, you can plainly see why--The stock went sideways for the most part while many software peers exploded in market cap the last few years. However, BL is flashing signs of wanting to...

25Feb6:42 pmEST

Stock Market Recap 02/25/20 {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...

25Feb10:34 amEST

Opening Gaps Jump Up to Get Beat Down

When it comes to markets which are pulling back, be it a deeper correction or simply a mild dip (the current market fall into either category at this point despite the sizable drop on the indices yesterday), it is often said that opening gaps higher are faded the majority of the time. And as I write this, we are seeing just that: A...

24Feb2:52 pmEST

Stay Enterprising During Times of Grave Danger

An afternoon downside reversal in the gold miners may very well signal a respite in the selloff in the broad market. Either way, as far as trading the precious miners, themselves, I am welcoming a brief reset to set up another long entry in the improving sector. On the updated GDXJ (ETF for junior gold miners) daily chart, below, the red...

24Feb11:04 amEST

Back Above the Mendoza Line

The CBOE Market Volatility Index, or VIX, which is considered to measure "fear" according to the options market, is shooting higher today after flashing signs of life last week for the first time in a good while. Back over 20 now, the VIX is crossing the "Mendoza Line," so to speak, where it begins to take on some significance of typically a...