The Biggest Napoleon Complex

20Dec12:10 pmEST

A Boiled-Down Recap of Jay Powell's Christmas Message to the Markets

Have you a valediction, boyo? I must admit, it has been quite some time since we have seen a Fed Chair truly stand his or her ground versus the market. But Powell has done just that, and the reckoning may be sooner than later. From my vantage point, the main issue is how much fear and panic/capitulation do we need to see before arriving at...

20Dec10:52 amEST

Finding Zen in a Chaotic Market

There are some markets which compel swing traders to be rather active, be it pouncing on actionable long ideas in the context of a silky smooth overall market trend higher, or perhaps continually adjusting a rotating market in a tradable range. Other scenarios exist which force us to be more active than usual, too. But the current market is...

19Dec5:03 pmEST

Stock Market Recap 12/19/18 {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...

19Dec3:33 pmEST

Vicious Traps

Walking in anything but a Winter Wonderland, this market is a minefield of nasty traps. Before the FOMC today, we noted with Members that the consensus view seemed to be that the post-Fed reaction was likely to be bullish. After all, how could Fed Chair Powell actually defy the market's weakness (not to mention crude oil's) in recent weeks? As...

19Dec10:21 amEST

The Tale of the Tape: Bitcoin vs. Gold Since August

Perhaps one of the more remarkable yet under-appreciated aspects of markets since Labor Day has been the notable outperformance of seemingly obsolete gold versus the new, hot Bitcoin. While Bitcoin has been rallying the last few days, the crypto currency has been in a sharp correction since last Christmas. Gold, however, has been acting...

18Dec5:13 pmEST

Stock Market Recap 12/18/18 {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...

18Dec3:33 pmEST

Dove or Hawk? How About a Chameleon

Another afternoon fade in the broad market reinforces the idea that this market is anything but cocksure about how Fed Chair Powell will navigate tomorrow's FOMC. After all, he has not been Chair for very long, and the market remains more skeptical of him than they were of Bernanke and for various parts of Yellen's term. Technically, the QQQ...

18Dec10:54 amEST

Yearning for the Chase

Equities are largely shaking off another bout of weakness in crude oil the morning, as the large banks like Morgan Stanley and beaten-down problem stocks like GE are rallying nicely, perhaps signaling some type of reprieve into the FOMC tomorrow afternoon. Still, the major averages are off their session highs as I write this, with many traders...

17Dec4:15 pmEST

Stock Market Recap 12/17/18 {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...

17Dec2:06 pmEST

The Biggest Napoleon Complex

With all of the talk about rates, trade wars, the economy, leveraged loans, debt, and geopolitical risks, it is easy to lose track of the fact that of all the index charts we track for Members related to U.S. equities, it is actually the micro-cap issues which have been leading us lower. The IWC, ETF for the iShares Russell Micro-cap Index,...