Do More Scouting Before You Claim Victory

05Feb10:00 amEST

Weekend Overview and Analysis 02/05/23 {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...

03Feb10:05 amEST

Hot is Cold; Cold is Hot

This morning's red hot jobs report is likely the start of a series of data which I expect to force The Fed to rethink its recent softening hawkish stance. The CPI on February 14th figures to be the next prime-time report, as market players decide if good news is bad for markets due to pressure on The Fed and bad news is good as it would give...

02Feb4:22 pmEST

Stock Market Recap 02/02/23 {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...

02Feb10:12 amEST

Punxsutawney Phil Sees Six More Weeks Until the Next FOMC

A rather subdued Jerome Powell (one who is aiming high at sticking a soft landing) at yesterday's FOMC press conference galvanized growth/tech stock and high beta bulls to run free, spilling over into this morning's open as META is up around 20% as I write this. Granted, we have AAPL AMZN GOOGL tonight, then the jobs report tomorrow morning. ...

01Feb4:59 pmEST

Stock Market Recap 02/01/23 {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...

01Feb11:24 amEST

Let's Pretend Jay Powell is Sitting at Your Poker Table

While I am fully aware we have META earnings tonight, followed by AAPL AMZN GOOGL tomorrow evening, then the jobs report Friday morning, not to mention the next CPI print on Valentine's Day before February monthly options expiration which should finally see a plethora of hedges rolled off, it is still instructive to take a step back and analyze...

31Jan10:28 amEST

Another Wild Ride for Caterpillar Ends

Despite beating on revenue, Caterpillar missed on earnings and reported a struggle with costs in its latest quarterly this morning. The Big CAT is often a bellwether for industrials. And you can see for yourself the epic overall bull trend the last decade or two on the monthly timeframe, below. Just as the 2011-2012 multi-year top featured...

30Jan10:04 amEST

Easy There, Guy, with Your "Base Breakouts"

It has been so long since we have seen a protracted bear market (in terms of duration, not the March 2020 percentage drop) that I suspect even many veteran traders have forgotten just how frustrating bears can become just when you think you have correctly declared the bottom. Specifically, protracted bear markets so often superficially feature...

29Jan10:43 amEST

Weekend Overview and Analysis 01/29/23 {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...

27Jan11:27 amEST

Do More Scouting Before You Claim Victory

Considering the Nasdaq and other major indices still have down sloping 200-day simple moving averages, I am amazed at how many market veterans (let alone the newcomers since 2020) are declaring the bear market dead and a new bull market underway. Then again, this is recency bias at work, what with the one-way spectacular rally we saw off the...