Mr. Market Knows if You've Been Bad or Good

29Dec10:53 amEST

Married to a Thesis, Within Reason

For a while now, we have been looking for the multi-decade bond bull to continue to show more signs of coming to an end. Recently, the price action has begun to confirm that thesis in a more pronounce way. Still, there is much more work to do; namely we need to see rates on the 10-year surge at least back over 3%. In the meantime, TLT became...

28Dec4:12 pmEST

Stock Market Recap 12/28/16 {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...

28Dec3:47 pmEST

Grandma Got Run Over by a Reindeer

Today's selling is sure to give bears a good deal of material. Indeed, a failure for a sustained "Santa Rally" to take place after Christmas until early-january aligns with one of those old Wall Street axioms: "If Santa Claus fails to call, bears may come to Broad & Wall," which mean if the last five trading days of the current year (2016) and...

28Dec10:55 amEST

Keeping the Holiday Chips Honest

The semiconductors, led by star NVIDIA Corporation, have undoubtedly been a key contributor to the bull case for a good while now. Yesterday's launch in NVDA gave rise to a ballyhoo regarding how foolish bears were for trying to short the name and how potent the name truly was. Even this morning at the open, too, saw NVDA make fresh highs. But...

27Dec4:09 pmEST

Stock Market Recap 12/27/16 {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...

27Dec3:42 pmEST

What is a Ho-Ho-Ho

The Santa rally is kicking off with a drifting move higher today. The Dow is not at 20,000, but that is not making life any easier for bears who have yet to throw in the towel on their thesis. I am looking to see if the precious miners can sustain today's bounce, too, beyond a mere one-off move. Indeed, doing so will be a bit of a change in...

27Dec10:52 amEST

Holiday Liquidity Sloshing Around

Volumes are expectedly light into the end of 2016, with plenty of fund managers and traders gone until at least the first week in January. As such, some small cap names become even more prone to wild intraday moves with a general lack of liquidity. One issue which causes none of those concerns is Alphabet, below on the daily chart. While it...

26Dec5:37 pmEST

Holiday Week Overview and Analysis 12/26/16 {Video}

Please Note In lieu of our full Strategy Session for Members this weekend, we presented a comprehensive list of emerging and subtle themes for early-2017, complete wth actionable trade ideas as a way to express those views. Please click here for more details about joining Market Chess Subscription Services for plenty of other features,...

24Dec6:27 pmEST

Saturday Night at Market Chess Cinemas

One of my favorite Bill Murray films is Scrooged (1988), which also happens to be perfect for a Christmas viewing. Murray is at his best when he has a bit of a harsh edge to his characters in comedy or comedy/drama genre films. And this film gives him a perfect venue to display his talents against the backdrop of a tough-love Christmas...

23Dec9:35 amEST

Mr. Market Knows if You've Been Bad or Good

Unlike Santa Claus, though, Mr. Market does not much care one way or the other how you have been behaving. In reality, the market is what it is, and is not out to get any of us nor purposefully reward us, either. Personalizing market action and inevitable losses in trading remains a surefire way to get blown off your path. As we wind down a...