Backing, Filling, Shaking, and Baking

12Dec3:46 pmEST

I'm Not Someone Who Complains About Christmas Music

This time of year, it becomes a badge of honor for some folks to complain about the ubiquitous Christmas/holiday music everywhere you go. Not I, however. Believe me, there will be plenty of dark, quiet, holiday-less days coming in January and February, even parts of March, where you will yearn for the energy of the holiday season. In the...

12Dec11:17 amEST

Global Miners to Oil: Am I Lying?

The overall strength in global materials non-precious miners in recent weeks, such as BHP PKX RIO VALE, among others, stands in stark contrast and has been conveniently overlooked to the crude oil weakness. In essence, oil bears want to have their cake and eat it too--Claiming weak oil and an imminent deep economic recession while ignoring the...

11Dec7:53 amEST

Weekend Overview and Analysis 12/11/22 {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...

09Dec10:56 amEST

Who is the Real P.I.?

Despite a hotter than expected PPI (Producer Price Index) print this morning, stocks are mostly muted in their response thus far on a December Friday. Crude oil is still trying to bounce off its prior September lows, and the S&P 500 is trying to hold back above 3950 as we speak. As we have been noting with Members it is highly likely that the...

08Dec4:28 pmEST

Stock Market Recap 12/08/22 {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...

08Dec11:32 amEST

Behind Door Number One

On some level we are all crude oil traders now. Like it or not, this morning's (seemingly daily) fade on the indices off a strong open dovetailed with crude oil flipping back red, as seen on the updated USO ETF daily chart, below. That is not to say that equities are doomed here. But it does mean that there is a de facto lid on top on this...

07Dec10:31 amEST

Isn't That Just Like a Pop?

Silver is leading an impressive opening pop in the precious complex, complete with gold and the miners participating early on. However, as the broad market remains on shaky footing everyone seems to be on pins and needles to see if yet another pop will fade in commodities. First and foremost, oil is still having issues holding green. Now, I am...

06Dec4:58 pmEST

Stock Market Recap 12/06/22 {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...

06Dec11:38 amEST

Mucho Trabajo, Poco Dinero

The market continues to deal with a kind of early-December malaise, with any early strength used as an opportunity for the algos to run sell programs off the bat. Still, all we have really done with the recent weakness is retrace, for example on the S&P 500 Index, the big rally from last Wednesday we saw to close out November. Seasonality,...

05Dec11:08 amEST

Backing, Filling, Shaking, and Baking

This sort of market action continues to be a grind for most traders, as the day-to-day flopping around of most markets can take a toll on the psyche. In these moments we often focus on mental toughness inside Market Chess Subscription Services by 1) Not over-trading and letting the market settle down, and 2) Working through the grind and...