A Laughing Matter No More

24Mar3:35 pmEST

Rocket Emoji Leads to Failed Doji

I continue to stay sidelined in cash as the price action this week has morphed from a bit worrisome to downright brutal this afternoon. Case in point: The small caps in IWM were supposed to put in an "inside day" of a mild bounce at their 50-day moving average, as we charted earlier for Members and on my main Twitter feed in the session--At...

24Mar10:26 amEST

Splitting the Baby

Cathie Wood's latest price target of $3,000 for TSLA may very well prove to be an inadvertent "splitting the baby" moment for the market. Well, at least for tech and growth. As you know, the phase “to split the baby” is an idiomatic expression for what seems like an unreasonable decision but is actually a ploy to flush out the truth. It is a...

23Mar4:31 pmEST

Stock Market Recap 03/23/21 {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...

23Mar10:26 amEST

Tight Quarters

More inconsistent price action this morning is leading to a frustrating atmosphere for traders, as small caps, energy, materials (stopping me out of a HCC trade), and financials continue to pull back all the while the Nasdaq is trying to stabilize and reassert itself in a market leadership role. While the potential inverse head and shoulders...

22Mar3:07 pmEST

Hitting for Contact

Although we all desire stock market home runs, especially when we have witnessed the epic moves over the last few years in everything from PENN to GME to AMC to TSLA to, recently, TKAT (and the list goes on and on), the reality is that the current tape has mixed messages and is likely a better spot (in percentage terms) to be what is known in...

22Mar10:26 amEST

Plenty of Talk About Outer Space These Days...

Early on in this morning's session we have a QQQ bounce coinciding with bullish seasonality but especially in conjunction with rates on the 10-Year Note relaxing. While the inverse correlation between rates and the Nasdaq may very well be overhyped (for now), it is also worth nothing that the trade may be a self-fulfilling prophecy at this...

21Mar10:46 amEST

Weekend Overview and Analysis 03/21/21 {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...

19Mar10:48 amEST

Another Lockdown? 03/19/21 {Video}

18Mar4:31 pmEST

Stock Market Recap 03/18/21 {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...

18Mar10:18 amEST

A Laughing Matter No More

The hit reality television shows, "Pawn Stars," and "Hardcore Pawn," may be more nostalgic than anything else at this point beyond their heyday, but the actual owner of the largest pawn store chain in North American, EZPW, may just be getting started. Amid a the last several years of decadence in tech stocks, the prior fascination by the...