Ducking Out Early Today

20Aug11:29 amEST

Outnumbered Predators

Bears are feeling like outnumbered predators these days, especially with another early, quick, dip-buy in the Nasdaq off the opening bell weakness this morning. Indeed, unless and until we see dip-buyers in the QQQ ETF get smacked down a few times it is going to be tough to envision a broad market pullback into Labor Day. Even with NVDA...

19Aug4:23 pmEST

Stock Market Recap 08/19/20 {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...

19Aug10:47 amEST

The Patterns Depend on Your Perspective

Weakness in the precious metals and miners this morning seems to be frustrating gold bugs who urged folks to not miss out on an imminent leg higher in the complex this week. This holds especially true considering that the Dollar is only marginally bouncing, which is something I was not expecting--I was thinking (and still do) that the Dollar is...

18Aug4:28 pmEST

Stock Market Recap 08/18/20 {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...

18Aug11:02 amEST

Wall Street Has Turned Into a Rug n' Shrug Massage Parlor

A quick (and exceedingly rare, these days) "rug-pull" in the market earlier this morning saw the Death Valley-hot Nasdaq actually flip red before bouncing back to green as I write this. Monsters like TSLA continue to squeeze and put stubborn and numerous shorts in the unenviable position of them pondering whether they should just go ahead and...

17Aug3:47 pmEST

Sorry I Ruined Your Tesla Party

With TSLA and NVDA still putting the hurt on shorts deep into the afternoon portion of today's session, the QQQ ETF is up by more than 1.25% as I write this. As that melt-up continues, there are a few underlying developments regarding rotations, however: The tape is back to being concerned about the "re-opening plays," as airlines, cruise...

17Aug11:02 amEST

Down Days for the Nasdaq Belong on the Oldies Station

NVIDIA, the high growth chip play, in front of earnings later this week (Wednesday after the bell), and Tesla, in front of effecting its stock split by the end of this month, are surging this morning and dragging the Nasdaq higher yet as I write this. Typically, a stock split is one of the more neutral developments you will see on Wall...

16Aug10:35 amEST

Weekend Overview and Analysis 08/16/20 {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...

14Aug10:58 amEST

There's Nothing Natural About It

We have been operating in a market where many leading stocks and various other issues have been acting increasingly "tired" of late. However, as bears can attest, the elusive giveback for anything more than a momentary blip to red, perhaps, on the Nasdaq has been met with instantaneous dip-buying as it seems like a one-way rally is destined to...

13Aug12:55 pmEST

Ducking Out Early Today

I turn 40 years old today, so I am going to duck out of here early. 40 years of age is a life milestone which I do not take for granted, as I have known more than a few people over the years who will never get to enjoy this privilege. As for markets, the seemingly endless QQQ drift higher this summer remains intact. And that will likely...