Fully Hedged and Full of Bovine Scatology

08Feb1:30 pmEST

And Then There was the Yen...

With the various headlines in recent days, weeks, months, even years, I am sure we all forgot about the Japanese Yen currency as issues in Japan seems to fall into the background. Nonetheless, when the Yen rallies strongly it tends to bode poorly for global risk appetite, especially equities, as it signifies "risk off" for a variety of...

08Feb10:42 amEST

A Dim Sum Morning

Much like dum sum in Chinatown on a weekend morning, the market this morning has something for everyone on which to nibble. On the one hand, we have a name like TWTR (following-up on SNAP yesterday) smashing earnings and continuing its long-term turnaround for the better. GRUB is equally as impressive, acting more and more like an emerging...

07Feb3:36 pmEST

Stock Market Recap 02/07/18 {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...

07Feb3:34 pmEST

Facebook and Snapchat: Watching the Same Movie Again?

The first chart pictured below is a blast from the past--Facebook's weekly timeframe dating back to 2012/2013, after its post-IPO slump. FB actually dipped into the teens, amid a plethora of negative media coverage and frustrated shareholders. Eventually, though, just when all hope seemed to be lost, the company steamrolled a summer earnings...

07Feb1:09 pmEST

Be Careful Who You Trust

The many, powerful "V-shaped" rallies bulls have enjoyed over the years likely convinced traders who never traded prior market cycles that the V-rallies were entirely normal. On same level, that is true. But there are many other instances even in bull runs where corrections take a bit more time and pain to play out before the bull market is...

07Feb10:23 amEST

Ironically, Wynn's Stock Did Nothing Wrong

Although it is almost a forgone conclusion at this point that Steve Wynn's behavior and conduct to women throughout his esteemed gaming career crossed the line many times over, we must resist the urge to extrapolate the bad actions of a megalomaniac to the rest of the company and its many employees. As Wynn himself officially resigned last...

06Feb3:54 pmEST

Stock Market Recap 02/06/18 {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...

06Feb3:52 pmEST

Kill the XIV and All Debts Are Paid

Can it really be that simple for the market to now shake off the events of this week and resume the melt-up to new highs? We have some big earnings tonight, like Disney, would should offer a respite from the XIV SVXY tom-foolery. But liquidation events are typically serious business for longer than just a day or two, especially when big banks...

06Feb1:23 pmEST

Sneaky Retail Smarts on The Street

With the recent mechanical and liquidity issues the market has experienced during this correction, an initial thought would be that the retail stocks would quickly relinquish a chunk or all of the relief rally the sector has enjoyed of late, rallying after quarters of end of largely getting pummeled. After all, plenty of retail firms still have...

06Feb10:38 amEST

Fully Hedged and Full of Bovine Scatology

General Norman Schwarzkopf, pictured above, once scoffed at a report critical of him during the first Gulf War as, "...bovine scatology." When we look at what has happened with the deeply-flawed volatility (VIX)-related ETFs and ETNs over the last eighteen hours or so, namely SVXY and XIV, something else stinks to high heaven. On the one hand,...