Three-Card Monte Market

02Mar2:24 pmEST

How Aggressively Will You Play Ace-Queen?

The San Jose-based multi-gig Ethernet solutions chip supplier Aquantia, which IPO'd last November 2017, presents a similar dynamic which many strong individual chum, software, and biotech charts are offering up this afternoon. One the one hand, Aquantia, below on its daily chart, is an enticing long setup, with price threatening to break the...

02Mar10:48 amEST

A Smoot Point Over the Long Hawley

The protectionist tone and measures by President Trump and his Administration is understandably conjuring images from the 1930s of the Smoot–Hawley Tariff Act and subsequent fallout. Back then, the overriding intention of the Bill was to protect U.S. farmers against agricultural imports. However, the Smoot-Hawley Tariff Act wound up escalating...

01Mar4:53 pmEST

Stock Market Recap 03/01/18 {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...

01Mar3:37 pmEST

March Madness...or March Sadness

As exhilarating as some parts of today's trading session have been for bears, what with the unceremonious drops on the indices throughout the day, the truth of the matter is that bears may still be set up for march "sadness" if they cannot violate the two-year-plus uptrend in the IWM, ETF for small caps in the Russell 2000 Index. On the IWM...

01Mar12:54 pmEST

Midday Analysis 03/01/18 {Video}

The following video is an example of the daily, intraday videos I present to Members of the Market Chess Subscription Services. Please click here for more details about joining the service to add value to your process as a trader. I hope you enjoy the video.

01Mar10:33 amEST

The Main Event for Late-Winter

The market sure seems to be coming in to March like a lion this morning, insofar as keeping traders' guards up as to where we break next. There are plenty of headlines swirling this morning, be it the expected Trump Tariffs, new Fed Chair Powell's comments, and a host of earnings reports still coming in like cloud winner CRM up 3.3% this...

28Feb3:28 pmEST

Stock Market Recap 02/28/18 {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...

28Feb3:25 pmEST

This Market Has a Napoleon Complex

Although it is true that the Nasdaq stocks housed in the QQQ are actually still green as I write this, the truth of the matter is that the small caps in the Russell 2000 Index (or IWM ETF) are displaying such ostentatious price action as to demand our attention on a daily chart more closely than usual. The reason why the little guys command our...

28Feb1:16 pmEST

Golf's Comeback: A Good Walk, and Downtrend, Spoiled

Callaway Golf (ELY) is a much more focused way to play the resurgence of golf's popularity these days, largely tied to Tiger Woods, especially compared to Dick's Sporting Goods, which is suddenly in the news as a political hot-button issue. Tiger will be on full display in April at The Masters Tournament in Augusta, Georgia (a tradition unlike...

28Feb10:26 amEST

Three-Card Monte Market

At least on some level, the selling we saw throughout yesterday's session now seems to be the market's way of expressing dismay with the new Fed Chair's grilling by Congress. But even if yesterday was a mere shakeout, bulls are answering the bell once again this morning in terms of calming thing down after what was an ugly close. If nothing...