Stock Market Recap 03/31/16 {Video}

04Apr5:13 pmEST

Stock Market Recap 04/04/16 {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...

04Apr3:16 pmEST

Putin on a Tough Guy Front

Considering the carnage in crude oil today, not to mention the oil service stocks (first daily chart, below, of the OIH sector ETF) getting soundly rejected off a prior important price area at $27, it is fairly impressive to see Russia not getting pounded. However, if the RSX (Russia country ETF, second daily chart, below) loses $16 soon, I...

04Apr1:02 pmEST

From Bobby's Room to Ivey's Room

There is a fairly clear rotation playing out today, with money coming out of some of the more prominent Nasdaq technology issues and rotating down to biotechnology and pharma stocks. Even with FANG names FB AMZN GOOGL NFLX off session lows as I write this, the QQQ ETF is still in the red while many biotechs squeeze higher off recent base...

04Apr10:38 amEST

Even a Bad Stallone Movie Has Its Moments

The stock of Cliffs Natural Resources Inc. has not been much of a, well, cliffhanger, in recent years. In fact, CLF has been soundly atrocious, declining from over $100 per share to a recent low of $1.20. The Cleveland-based iron ore miner sure did flirt with the potential of becoming an outright penny stock. But buyers have attempted to make...

03Apr3:44 pmEST

Weekend Overview and Analysis 04/03/16 {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 markets. Please click here for more...

02Apr9:20 pmEST

Saturday Night at Market Chess Cinemas

Rushmore (1998) is a light-hearted but sharp-tongued original comedy, starring Bill Murray and Jason Schwartzman as the memorable Max Fischer. I have great memories of the film, as I saw it in a packed theater right when it was released while I was in college, with a spirited crowd roaring to each scene. Directed by Wes Anderson and...

01Apr2:59 pmEST

April Fool's Surprise for These Markets

Despite crude oil gapping down hard (and staying weak throughout the sessions) and a green Japanese Yen (FXY), equity markets are ignoring those markets are holding onto their upside reversals from early on in the session. I see a good deal of charts firming up and setting bases off of which to explode, as long as the broad market continues to...

01Apr12:38 pmEST

They Looked Down and Got Squeezed

One of the more interesting themes of the current market has been whether he lagging biotechnology issues would being to play catch-up to the indices testing or surpassing their respective 200-day moving averages. To be sure, both the IBB (large cap) and XBI (more small and mid-cap) biotech ETFs are still a good deal below their own 200-day...

01Apr10:41 amEST

Musk: The Man and His Dream

The unveiling of the Tesla Model 3, marketed as an affordable electric car, initially seems to be a nightmare scenario for TSLA short sellers, of which they are plenty. An old-fashioned "sell the news" reaction to such seemingly positive events may be an obsolete concept in this day and age of Central Bankers allowing markets to bluff them off...

31Mar5:02 pmEST

Stock Market Recap 03/31/16 {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...