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31May3:36 pmEST
Stock Market Recap 05/31/17 {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...
31May3:29 pmEST
Gold Miners: Remember the Alamos
The upside reversal in the gold miners today may very well get lost in the end-of-month shuffle we are seeing in equities. However, it is worth noting that gold miners are generally finding buying interest right where they absolutely needed to in order to keep the technical case afloat for a long-term inflection point dating back a few years. ...
31May1:33 pmEST
Context for a Rainy Day
Although there are certainly some relative strength standouts, today's session thus far has the look and feel of a rainy day for stocks, where bulls are simply looking to avoid getting drenched and want to the weather to clear up sooner than later. On the SPY (ETF for the S&P 500 Index) 10-minute chart, below, note yesterday morning's support...
31May10:56 amEST
Replenishing After a Busy First Hour
An abrupt rug-pull off a green open this morning sees most stocks in the red now. The problem spots in the market, namely the small caps, financials, energy stocks, and biotechs, continue to struggle and are likely serving as at least an excuse for Nasdaq bulls to lock in some end-of-month gains on the final day of May in the likes of AMZN...
30May3:55 pm