Stock Market Recap 01/24/23 {Video}

01Feb11:24 amEST

Let's Pretend Jay Powell is Sitting at Your Poker Table

While I am fully aware we have META earnings tonight, followed by AAPL AMZN GOOGL tomorrow evening, then the jobs report Friday morning, not to mention the next CPI print on Valentine's Day before February monthly options expiration which should finally see a plethora of hedges rolled off, it is still instructive to take a step back and analyze...

31Jan10:28 amEST

Another Wild Ride for Caterpillar Ends

Despite beating on revenue, Caterpillar missed on earnings and reported a struggle with costs in its latest quarterly this morning. The Big CAT is often a bellwether for industrials. And you can see for yourself the epic overall bull trend the last decade or two on the monthly timeframe, below. Just as the 2011-2012 multi-year top featured...

30Jan10:04 amEST

Easy There, Guy, with Your "Base Breakouts"

It has been so long since we have seen a protracted bear market (in terms of duration, not the March 2020 percentage drop) that I suspect even many veteran traders have forgotten just how frustrating bears can become just when you think you have correctly declared the bottom. Specifically, protracted bear markets so often superficially feature...

29Jan10:43 amEST

Weekend Overview and Analysis 01/29/23 {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...

27Jan11:27 amEST

Do More Scouting Before You Claim Victory

Considering the Nasdaq and other major indices still have down sloping 200-day simple moving averages, I am amazed at how many market veterans (let alone the newcomers since 2020) are declaring the bear market dead and a new bull market underway. Then again, this is recency bias at work, what with the one-way spectacular rally we saw off the...

26Jan5:06 pmEST

Stock Market Recap 01/26/23 {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...

26Jan10:45 amEST

Update on Tesla

It occurred to me--as I noticed tons of rapid Tesla bulls and bears had blocked me on Twitter over the years and I had never directly interacted with virtually any of them--that the TSLA crowd continues to be as cult-like as any in global markets, perhaps aside from Bitcoin or (dovetailing with crypto). As an example, I bet my TSLA bullish...

25Jan3:55 pmEST

Stock Market Recap 01/25/23 {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...

25Jan10:34 amEST

The "Easy" Trade Setup

To be sure, there is no such thing as an "easy" trade in markets. In virtually all forms of speculation, you will hear many arrogant types boast about how great they are and how it all comes so easy to them. As an example, I cannot tell you how many brash poker players I have seen go on a hot streak and literally lecture the loser of a given...

24Jan4:48 pmEST

Stock Market Recap 01/24/23 {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...