Welcome to the Big Leagues, Jerome Powell

13Feb10:50 amEST

The Fox Guarding the Yenhouse

It is often said that during market corrections and times of uncertainty, correlations run more closely together and thus carry more weight. To invert that idea, consider how easy it is to try to call a top during a benign bull run higher based on some negatively diverging correlation or indicator, often to little or no avail. But when the...

12Feb3:55 pmEST

Stock Market Recap 02/12/18 {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...

12Feb1:50 pmEST

The Dow is 420 Friendly Nowadays

The early weakness in the small caps is now looking like a trap to lure in overzealous shorts with an itchy trigger finger, the indices quickly regrouped and are now surging into the heart of the afternoon session. While I did not rush in and short this morning, I have been extra selective in terms of adding back long exposure. My reasoning...

12Feb10:34 amEST

A Different View of a Popular Destination

More than anything else, the supposed new era of markets where computers front-run the "old ways" of traders doing things has ingrained a certain behavior into market players which sees them assuming that any slight undercut of a well-defined, prior support area must be a great buying opportunity. This idea fits neatly alongside the notion of...

10Feb11:13 amEST

Weekend Overview and Analysis 02/11/18 {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...

10Feb11:05 amEST

Saturday Night at Market Chess Cinemas

Three Billboards Outside Ebbing, Missouri (2017) received critical acclaim upon its release, and has since been nominated for and won several awards. Unfortunately, I do not share the view that this is an exceptional film, nor a particularly good one. Instead, I believe that too many critics and viewers simply gave the benefit of the...

09Feb1:48 pmEST

Cold, Hard, American 100% C(r)ash

During the late-morning swoon spilling over into the early-afternon portion of the session, I decided to close out my swing shorts and move to 100% cash in my trading account inside Market Chess Subscription Services. To be sure, a loose and sloppy close today would draw analogies to the crash of 1987, in terms of the weakness leading up to...

09Feb10:34 amEST

A Shady Throwback

Although FEYE and NVDA are two bright spots for bulls on the earnings front today, with both names gapping higher this morning, the broad market bounce attempt has yet to make much of a dent vis-à-vis yesterday's 1,000-point plunge on the Dow. To be sure, an afternoon squeeze may gather steam if bears are unable to overturn the rally and...

08Feb3:43 pmEST

Stock Market Recap 02/08/18 {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...

08Feb3:41 pmEST

Welcome to the Big Leagues, Jerome Powell

With the next Federal Open Market Committee meeting not scheduled until late-March, new Fed Chair Jerome Powell is already facing markets doing what they have done for decades: Put new Fed Chairs to the test right off the bat. And the fact that we still have just under two months before that meeting means the recent volatility may not...