A Break in the Battle

03Feb4:20 pmEST

Stock Market Recap 02/03/22 {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...

03Feb10:57 amEST

An Important Message Lurking in the Shadows

Between the FB earnings calamity, not to mention SPOT, plus a broad market gap lower on the back of hawkish comments out of the ECB it can be rather easy to overlook the move higher in rates this morning. After all, I am sure most equities-driven traders probably just assumed that Treasuries would receive a safe haven bid into the teeth of a...

02Feb3:28 pmEST

Oil: Where's the Tip-Tip-Tippin' Point?

WTI crude oil currently has an $88/barrel handle as I write this, begging the age-old question of where the precise tipping point is where high oil prices began to have noticeable deleterious effects on the economy to the point were the market simply cannot ignore it. When we saw the oil spike back in Q2 2008, I remember being at an airport in...

02Feb11:36 amEST

Bounces Rolled Up and Smashed

By my work, every single component of the ARKK ETF is in the red as I write this. While that may seem as though I am picking on Ms. Wood, quite the contrary--As recently as yesterday, I was playing one of her beloved holdings on the long side for a quick bounce: DKNG. However, as we noted with Members, the DKNG play was a quick date only, not...

01Feb2:48 pmEST

Another Beijing Bears' Ceasefire?

Just a quick afternoon note that the 2008 Olympics were also held in Beijing, China. Those were the summer games, of course, in August (from the 8th to the 24th, to be precise). And coming up this Friday we have the winter games in the prominent, sprawling Chinese city, from the 4th through the 20th. One point to recall is that despite how...

01Feb11:06 amEST

Exxon, Risk On!

Exxon earnings this morning look to have lit a fuse (a much less damaging one than the Standard Oil fire in 1900 in my original hometown of Bayonne, New Jersey, pictured above) under the entire oil sector, with big XOM up more than 6% as I write this. For a while now, we have focused our long watchlist ideas with Members on energy and some...

31Jan4:26 pmEST

Stock Market Recap 01/31/22 {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...

31Jan10:31 amEST

A Trashy Rally

The absolute worst sectors and stocks in recent moths are leading this morning bounce, with the likes of ARKK, HOOD, biotechs, and software all soundly outpacing just about everything else. When I moved to 100% cash in my trading account last Friday, I suspected we could bounce from oversold levels in the trashiest parts of the tape, albeit...

29Jan7:01 pmEST

Weekend Overview and Analysis 01/30/22 {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...

28Jan11:11 amEST

A Break in the Battle

For the first time in the good while I find my trading account back in 100% cash, as the lack of resolution this week among countless reversals both overnight and during the session render this market uniquely treacherous. Simply put, the lack of conviction by both bulls, for a relief rally, and by bears, to force the issue with another leg...