There Are No Shotgun Trades

22Aug9:43 amEST

Weekend Overview and Analysis 08/22/21 {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...

20Aug11:54 amEST

Fighting Through It

Most veteran traders I have talked to this month have lamented about how deceptive the resilience of the senior indices has been, especially with underlying price action in many spots being choppy and uneven at best, and downright untradable at worst. And I am no exception, looking forward to autumn and a possible change in market character one...

19Aug4:23 pmEST

Stock Market Recap 08/19/21 {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...

19Aug11:03 amEST

Risk Happens Fast (Except in Late-Summer)

Judging by the price action in Treasuries, as TLT rises again and rates come down, the market is not exactly cocksure that an imminent Taper is necessarily in the cards. Instead, growth slowdown fears from the virus variants as well as China (as seen by the bewildering decline in LVS on the second daily, chart, below with its acute Macau/China...

18Aug3:48 pmEST

NVIDIA Earnings: Sinkhole or Swimming Hole

Judging by the dedicated Robinhood ticker tracker on the bottom righthand corner of recent CNBC telecasts, once would think HOOD earnings tonight would be the ultimate market moving event. But I doubt it. Instead, the marquee and multi-year winning chip play, NVDA, likely takes the cake for that. As you can see on the NVDA monthly chart,...

18Aug10:49 amEST

Feel the Suspense Building

Although we are still working through the home stretch of the dog days of summer trading, the Fed Minutes (from the last FOMC) at 2pm EST today should give valuable insight as to how many voting members are actually onboard with a fairly imminent taper by the Central Bank. Furthermore, Jackson Hole is at the end of next week and can be...

17Aug3:53 pmEST

Little Shop of Horrors Back on Broadway

Quick note into the bell here on a day where recent market choppiness has given way to some near-term sogginess, the second largest holding by market cap in ARKK is currently Shopify, seen on its steep weekly chart, below. I mention this due to the hot-blooded feud rising to the surface between Cathie Wood and Michael Burry. Naturally, TSLA...

17Aug11:34 amEST

Endless Summer Sessions

More seeming endlessly grinding summer trading sessions, like today's, will still almost inevitably give way to higher volumes and more directional moves after Labor Day, despite how much it does not feel like it. To be sure, the table seems set for various high stakes showdowns, be it ARKK and Cathie Wood versus Michael Burry and his shorts...

16Aug4:29 pmEST

Stock Market Recap 08/16/21 {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...

16Aug10:02 amEST

There Are No Shotgun Trades

The last month or so of trading conditions have been as frustrating and grinding as I can recall, with the financial news media banging the drums on a daily basis about the Dow and S&P making one new marginal all-time high after the next (and AAPL COST MSFT NKE, etc.) even as small caps and transports noticeably lagged. In addition, more than a...