Saturday Night at Market Chess Cinemas

29Dec5:00 pmEST

Stock Market Recap 12/29/15 {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...

29Dec3:37 pmEST

Not the Best Story for Bonds This Year

TLT is weakening further today, seeming lost in the shuffle among the rally in equities. As you can see on the weekly chart, below, beyond today's move higher in rates (and thus sell-off in Treasuries) is the notion that we may be seeing a sneak preview of what is to come next year, given the highlighted triangle pattern at risk of breaking...

29Dec1:12 pmEST

You're Part of a Team

Lost in the noise of the FIT GPRO post-IPO slop in recent quarters, with each bounce being cheered on in vain, has been the outperformance of a few quality IPOs like SERV ZEN. In addition, it is still worth watching very recent IPOs like RACE SQ to see if their post-IPO technical, tight sideways price bases resolve higher on daily timeframes...

29Dec10:57 amEST

Tugging Along

It appears as though equites are moving with crude oil rather closely these days, perhaps tugging along with it today. Black Gold's gap higher today negated yesterday's apparent bear flag breakdown on the USO ETF daily chart, as equities also gapped up this morning. At the moment, the FANG gang is still intact, and perhaps will have smooth...

28Dec5:09 pmEST

Stock Market Recap 12/28/15 {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...

28Dec3:29 pmEST

Married to the GLOB

Working our way through the final hour of trading today, stocks continue to drift up off the morning lows. We have not seen sellers try to press lower yet, perhaps indicative of the holiday atmosphere still in play. Below the surface, FANG is still at the forefront even if NFLX is lagging the other three (FB AMZN GOOGL). In additions, we have...

28Dec1:05 pmEST

Pin the Retail on the Donkey at the Table

Despite the many calls for bargains in the retail sector, many prominent names remain weak today, such as KORS GES JWN M RL URBN. Of course, the SEC investigation into ICON is not helping the cause, either. And each day that AMZN is green only adds fuel to the argument that Mr. Bezos is eating the brick and mortars' lunch, whole. But as far as...

28Dec10:49 amEST

He Knows When You've Been Bottom-Fishing

In the midst of the seasonal "Santa Claus Rally," typically extending into the first week or so of the new year, stocks are giving back some of last week's gains. We are still keying off 2045 on the S&P 500 Index as a basic line in the sand, though I suspect we will not get more concrete answers until next calendar year. Meanwhile, the lagging...

27Dec1:38 pmEST

Weekend Overview and Analysis 12/27/15 {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...

26Dec5:42 pmEST

Saturday Night at Market Chess Cinemas

The great comedian, actor, and this case writer and star Steve Martin says that it took him seven years to write the fantasy comedy/drama L.A. Story (1991), which easily ranks among his best work. You can really tell how Martin took time to make sure the writing had depth and was original. I think this film, going on nearly twenty-five years...