Winter is Not Over Yet

28Mar5:42 pmEST

The Silent Invader (Westinghouse Broadcasting, 1957)

If you are looking for content to watch on the weekends during the quarantine, now would be a great time to re-recommend a top ten show: The Naples, Italy-based Gomorrah , the first two seasons of which are available on Netflix (there are more seasons but there is a hang-up getting the subsequent seasons in America. Either way, the first two...

27Mar12:34 pmEST

Ration Your Trades, Too

For most market players it is likely correct that when the VIX is, still, this elevated above 20 we should strive to blunt the frenetic pace of the price action and general vibe in the Wall Street air by reducing trading volume and/or position sizing. Although it may initially feel "fun," the reality is that these types of markets, sadly, mark...

26Mar3:10 pmEST

Going Through the Cycle

Bollinger Bands, the eponymous indicator John Bollinger created, are seen on the daily chart for hotel chart Marriott, below. And as one of our Members astutely notes, MAR is one of a slew of names "kissing" a 20-day simple moving average (orange line, arrows) and reversing back to red this afternoon despite another shock-and-awe rally on the...

26Mar11:08 amEST

Looking on the Bright Side

Multi-day relief rallies which are unforgiving to stubborn shorts and quickly become jaw-droppingly fast in velocity to the upside are not the exception during powerful, bearish trends. Indeed, they are the rule as they can and do materialize at various times along the way just when the data and economic prognosis seem particularly grim. Thus,...

25Mar4:37 pmEST

Stock Market Recap 03/25/20 {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...

25Mar11:31 amEST

Back-to-Back is Tougher Than It Looks

The Dow Jones Industrial Average has not turned in back-to-back green sessions since early-February, which is a fact that seems to be gaining more attention as an initial pop this morning was swiftly faded. However, as I write this bulls are putting up a decent fight, defending $180 on the QQQ ETF earlier as small caps also claw back to flat....

24Mar4:40 pmEST

Stock Market Recap 03/24/20 {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...

24Mar11:18 amEST

At the Behest of All Things Fed

Whether it is the Federal Reserve or the federal government, with various municipal and state's rights/power sprinkled in along the way, this market is clearly at the behest of all those powers as are we, individually. It is not a particularly normal thing for any of us in America. But as long as the virus is a clear and present danger we are...

23Mar4:42 pmEST

Stock Market Recap 03/23/20 {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...

23Mar11:42 amEST

Winter is Not Over Yet

Regardless of what the calendar says, and in spite of The Fed's further actions this morning, winter is still very much in play today for ursine market players and pundits. As I write this, the Dow and S&P are off by more than 4%, with the latter perhaps zooming us lower towards another circuit breaker. The only saving grace for bulls is that...