The Ol' Head-Fake Jump

21Feb10:45 amEST

The Market Chess Crew Takes on Steroid Roy

Dip-buyers have been in "Steroid Roy" mode for over a decade now, raging into any dips, crashes, corrections to risk it all and sprint the tape back higher. However, seeing Professor Jeremy Siegel on CNBC this morning lamenting the resilient economy as being much stronger than he expected drives home the point we are now in a new regime, as...

20Feb10:32 amEST

Weekend Overview and Analysis 02/20/23 {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...

17Feb10:39 amEST

Bashful FANGs

Whether or not you agree with my view that this remains a long-in-the-tooth bear market rally in equities, destined to plunge to new lows, is one thing. But it is still instructive to note relative weakness where we see it, especially among the mega cap tech monsters. Specifically, of the "FANG" names, two of the worst performers in 2023...

16Feb10:15 amEST

Multiple Counterattacks

After a hot PPI report this morning stocks are lower and rates are higher. As usual, the roadmap for bears to launch a successful counterattack here is predicated on them, first and foremost, decisively breaking and holding price below 4100 on the S&P 500 Index. After that, we can begin to look for follow-through lower most likely after options...

15Feb10:34 amEST

Off the Mat and Looking Good

Equities continue to go through periods of drifting up or sideways, as they have done this morning since an opening bell push lower, and then periods of reversing all over the place intraday to the tune of 1-2% in recent sessions. I view that type of price action, especially after a prior rally, as presaging a looming major reversal to the...

14Feb4:53 pmEST

Stock Market Recap 02/14/23 {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...

14Feb10:43 amEST

Two Words: Violent Indecision

We can look at charts and price levels all day if we want. But there is indeed something to be said for properly ascertaining the nature, tone, and tenor of the price action itself. And when we do, you will note the uptick in random price swings, fades both ways, and general indecision of late. Bulls seem cocksure on a nonstop short squeeze...

13Feb10:41 amEST

Officially Time for a New Decade

Although we are a few years into the current decade it seems like a new regime change continues to develop even though many deny its staying power. Specifically, for all but the highest net worth people in America it is highly likely that folks with money invested in markets will face tough decisions ("first world problems," as they say) as to...

12Feb9:25 amEST

Weekend Overview and Analysis 02/12/23 {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...

10Feb12:20 pmEST

The Ol' Head-Fake Jump

While bulls argue the last few days of weakness is yet another buyable dip and a benign consolidation after the one-way rally since 2023 began, when we examine, for example, the ARKK daily chart (below), there are more concerning items in play. First and foremost, Cathie Wood's growth stock fund is still sporting a declining 200-day moving...