The Main Thing You Cannot Control is Time

06May12:04 pmEST

Sharks Above, Sharks Below

If it seems like the market is trying to trigger stop-losses in both directions today, it is probably because that is, indeed, the case. Typically, the way to avoid getting chopped up constantly is to try to thread the needle of not over-trading your positions but also having some max pain levels where you simply must cut if need be. With the...

05May4:30 pmEST

Stock Market Recap 05/05/20 {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...

05May10:48 amEST

Aim for Crude, Hit with Natty

While crude oil garners the headlines and receives just about all of the attention relative to natural gas and may or may not be actually bottoming, it is natty which is sporting the more well-defined intermediate-term chart bottom. As we have been profiling both here and with Members, the natural gas breakout could be for a variety of...

04May4:42 pmEST

Stock Market Recap 05/04/20 {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...

04May11:30 amEST

Reality Bites for These Stocks

One of the most diffident versions of Warren Buffett over the weekend we have seen in many years regarding the short and intermediate-term outlook for the economy and markets is likely pouring salt into the wounds of airline bulls who had bet that Buffett would at least retain some stakes in the companies with a positive word or two to boost...

03May12:38 pmEST

Weekend Overview and Analysis 05/03/20 {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...

02May5:42 pmEST

Warning: New Paradigm Coming

The selloff in equities to close out last week saw renewed jitters about the formidable month of May in markets, in general, combined with the persistence of the pandemic and lockdowns. The problem areas for this market over the last few months sold off hard again and are far from healed charts, be it cruise lines like CCL NCLH RCL down 10-14%...

01May12:41 pmEST

Who Wants to Try to Hustle the Hustler?

Warren Buffett will be speaking to the world on Saturday, May 2nd, at Berkshire Hathaway’s 2020 Annual Shareholder Meeting. Due to the pandemic, the meeting with be virtual but there will be a Q&A portion, usual. Greg Abel, Berkshire’s vice chairman of non-insurance operations, will be taking previously submitted questions with Buffett. Abel...

30Apr3:37 pmEST

Gold and the Miners: Let 'em Rest Now

I am not sure how many financial news outlets or pundits on social media were blaring headlines about gold miners printing seven-year highs last week, but I doubt very many did. But that is correct--The GDX ETF hit its highest level ($34.74) last week since April 2013, as seen on the GDX weekly chart, below. After a steep multi-week uptrend off...

30Apr11:20 amEST

The Main Thing You Cannot Control is Time

At this point into the lockdown/quarantine in most parts of the country it may feel like we are constantly being teased into thinking we will re-open the economy any day now. Indeed, the market seems to think so, with stocks furiously squeezing over the last five weeks in order to try to price in such a scenario. Seeing as history does not...