More Like Jenga Huang

05Sep10:20 amEST

Follow the Script

Bulls are looking for markets to follow the "higher low" script, meaning any dips will be relatively shallow and ultimately bought up nicely into the end of calendar year to perhaps challenge all-time highs on the major indices. Bears are expecting the recent late-August snapback rally to amount to a "lower high," setting up a house of horrors...

04Sep10:53 amEST

Holiday Overview and Analysis 09/04/23 {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...

01Sep9:11 amEST

Morning Prep 09/01/23 {Video}

The following video is an example of the type of daily Morning Prep videos which I present each morning to Members of Market Chess Subscription Services to help prepare for each trading day. If you enjoy my videos and blog posts, then please click here for more details about joining Market Chess Subscription Services for plenty of other...

31Aug4:56 pmEST

Stock Market Recap 08/31/23 {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...

30Aug3:11 pmEST

Something's Gotta Give

Over the last two years Okta, which reports this evening and is shown on the monthly chart, below, has beaten both top and bottom line estimates 100% (!) of the time. Although I have always thought that earnings are the epitome of a roulette wheel gamble, insofar as the immediate reaction, I suspect something has got to give, as LeAnn Rimes...

29Aug2:45 pmEST

Dog Day Rally

Some weak labor market data this morning , via The Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department, was enough to send rates down and stocks up. And that move is persisting well into the afternoon as I write this. As you might imagine, I view this move as wishful thinking on both counts. Not only is this data...

28Aug2:42 pmEST

Legs for Days During NVIDIA's August

With just over three sessions left before the month of August concludes on Wall Street, NVIDIA's monthly candlestick (arrow, below on monthly chart) is shaping up to close with a "long-legged doji." Courtesy of Investopedia.com , here are some important points about long-legged dojis: Thus, as the last point notes, no guarantees. But then...

27Aug9:22 amEST

Weekend Overview and Analysis 08/27/23 {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...

25Aug11:22 amEST

We'll Be Slugging it Out in Japan This Weekend

Slugging it out in Jackson Hole, more precisely. With Powell having spoke this morning, and ECB President Christine Lagarde speaking later today out in Wyoming, do not sleep on new Bank of Japan Governor Kazuo Ueda's remarks tomorrow. Granted, it is on a Saturday. However, the weakness in the Japanese Yen currency continues to be a theme, and...

24Aug10:36 amEST

More Like Jenga Huang

In spite of the NVDA euphoria last evening, we have the Nasdaq struggling this morning at the 50-day moving average (dark blue line and arrow, below, on the Nasdaq daily chart), an area we highlighted yesterday. Should bulls fail here, especially into Jackson Hole, it opens the door perfectly for a new leg down with trapped longs. As for...