Stock Market Recap 02/15/18 {Video}

21Feb10:31 amEST

Assessing the Party Lines

The Dow ETF, below on its 10-minute timeframe, shows us price trying to break up and out of a well-defined channel dating back to last Friday, before the long holiday weekend. After a sharp relief rally, the Dow has been consolidating ever since, forming this channel consolidation as we await to see if the bulls' party will do its usual job of...

20Feb3:46 pmEST

Stock Market Recap 02/20/18 {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...

20Feb3:44 pmEST

The Path of Most Resistance

It appears as though that the WMT and Dow weakness, at least for today, was sufficient to overpower the strength in many parts of tech, as the Nasdaq flipped red late this afternoon. I see names like AMZN fading well off session highs, which compels me to stay and even add to index shorts as hedged against my equity longs inside Market Chess...

20Feb1:06 pmEST

Long-Term Perspective on Walmart

While the selloff in Walmart after earnings today is bringing out many pundits who are listing the reasons to be bearish on the iconic name going forward, the zoomed-out monthly chart, updated below, provides some context for WMT's price action dating back two decades or so. As you can plainly see, WMT has been methodical and steady in its...

20Feb10:44 amEST

A Battle-Tested Chart

With the Dow down more than 200 points as I write this, the semiconductors housed in the SMH ETF are higher by more than 1.3%. While the chips may eventually buckle under further market pressure, it is worth noting that quite a few individual names in the sector are confirming the early morning outperformance, namely prominent ones like INTC...

18Feb12:14 pmEST

Weekend Overview and Analysis 02/18/18 {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...

17Feb8:23 amEST

Saturday Night at Market Chess Cinemas

The great Louis Malle’s My Dinner with Andre (1981) is as much the antithesis of an action movie (at least a physical one) as you will ever see. And yet, it is an entertaining film in its own right, a tribute to the dialogue, acting, and, of course, Malle’s direction. via imdb : Wallace Shawn and Andre Gregory, apparently playing...

16Feb1:43 pmEST

Take the Pain

The rally off last Friday's lows has almost been too easy for bulls. But then again, we have seen the "V-shaped rally" phenomenon play out time and time again over a period of years. So, it is tough to really call it a surprise at this point. Heading into a three-day weekend, with U.S. markets closed Monday for President's Day, I am looking to...

16Feb9:56 amEST

Married to the Glob

The likes of Globant, a Buenos Aires-based IT firm breaking to new all-time highs this morning after earnings, may very well be flying under-the-radar compared to some of the more alluring plays like crypto. But that is fine by me, as I would rather stalk plays like GLOB which are breaking out to little fanfare, rather than hot money trades...

15Feb3:45 pmEST

Stock Market Recap 02/15/18 {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...