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21Mar10:44 amEST
Beholden to the Weather and The Fed
If we had simply viewed new Federal Reserve chief Jerome Powell with his first policy decision later today after 2pm EST coinciding with another Nor’easter despite spring officially underway, it would probably be a tad too dramatic to play it up as a significant market catalyst. However, the issue for us as traders is that today's FOMC events...
20Mar10:03 amEST
In Like a Lion, Out Like a Lion
The wintry weather in the northeast on this first day of spring is not the only thing defying the old saying that the month of March "comes in like a lion, but goes out like a lamb." Specifically, equities as a whole have come under a bit more general pressure than bulls would like to see, albeit with quite a few individual stocks laughing off...
19Mar3:42 pmEST
Stock Market Recap 03/19/18 {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...
19Mar1:18 pmEST
Rollin' Snake Eyes
I reduced long exposure further today, as the market selling we are seeing is much more intense and steady beyond the Facebook news and that stock's weakness. Moreover, the VIX back over 20 as I write this and even the most attractive longs like ANF are not convincing enough to compel me to put on new long inventory at the moment. On the Dow...