How the West Was Won

29Aug4:52 pmEST

Stock Market Recap 08/29/17 {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...

29Aug2:09 pmEST

If Your Friends Wanted to Buy Cliffs, Would You Too?

In addition to the major global mining players, such as BHP RIO VALE, a good pulse into risk appetite regarding the XME sector is the Cleveland-based, Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc. , a non-precious mining and natural resources firm. On the CLF daily chart, below, we saw a sharp spike up over the last hour or so,...

29Aug10:42 amEST

Begging for a Bailout from Dennis Rodman

As you may know, the idiosyncratic former basketball star Dennis Rodman remains one of the few Americans welcome in Kim Jong Un's North Korea. With this in mind, the hostile acts of North Korea last evening may very well compel Mr. Rodman to make another trip and try to smooth things out, surely a sing of a world on tilt. Nonetheless,...

28Aug4:44 pmEST

Stock Market Recap 08/28/17 {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...

28Aug1:33 pmEST

The Blueprint for a Bullish Sector Catalyst

It is safe to say that the amount of mergers & acquisitions in 2017 has been underwhelming, especially when you consider the expectations for stock market bulls and the seemingly inevitable flurry of deals which we can expect when the indices make new all-time highs in such a manner like the senior indices have this year. Still, the AMZN for...

28Aug10:47 amEST

Valero Needs to Volare

Even as crude oil itself endures a "sell the news" reaction off Harvey this morning, Texas-based Valero Energy in the refining segment is one of the more well-defined long ideas off the story which may be ripe to sustain a breakout. It is always tricky to play such obvious, national headlines like a major hurricane with flooding aftermath, as...

26Aug6:31 pmEST

Weekend Overview and Analysis 08/27/17 {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...

26Aug6:26 pmEST

Saturday Night at Market Chess Cinemas

As we know, there is a common tendency among filmmakers, even in some of the very best war films in cinematic history, to try to bite off more than they can chew and cover virtually all aspects of a given war story. But in doing so, it often yields a feeling of the film becoming either an all-you-can-eat-buffet of war stories or rather a...

25Aug2:14 pmEST

More Congestion Than Usual

Despite the major averages hanging in fairly well today, we are seeing a bit more congestion than usual, at least as far as bulls have been accustomed to. Typically, they have enjoy vast array of V-shaped rallies off market pullbacks in recent years. But when we look at a major market leader like AMZN, below on its daily timeframe, a bit...

25Aug11:00 amEST

How the West Was Won

The scenic backdrop of the Jackson Hole Symposium's setting may very well be a pleasant mask of the wishy-washy comments we heard from Janet Yellen this morning. Case in point: Gold, Treasuries, and the major averages are all higher as I write this even as stocks are well off session highs. Simply put, markets are likely sorting out her...