Summer Style

01Jul10:25 amEST

Saturday Night at Market Chess Cinemas

Available on Netflix, I recommend watching the AMC series, " TURN: Washington's Spies." This series is a true story; a spy thriller set in the American Revolution. It is fabulously done and features several noted character actors who take on more prominent roles in the series, such as Jamie Bell, Kevin McNally, and Angus Macfadyen. I am a fan...

29Jun10:30 amEST

Hey, Remember Me? Violent Indecision from the Bronx

It appears we may have a Benny Blanco situation on our hands in the market this week, as the Nasdaq is beginning to swing around violently on a daily basis more than at any point in recent memory. While it is true that we may need to take everything with a grain of salt due to the holiday coming up, end of month/quarter gamesmanship by fund...

28Jun12:23 pmEST

Are the Small Caps All Growns Up?

Given the crosscurrents this week, in terms of end of month/quarter/quasi-holiday trading leading up the Fourth, it is likely correct to take any price action with at least one grain of salt, if not two. Nonetheless, the stunning upside reversal today in the Russell 2000, small cap dominated index is sure to be a focal point for bulls arguing...

28Jun10:41 amEST

Leisurely Bouncing

The market has a distinct "What me worry?" feel to it this morning, acting as though the tech swoon into the bell yesterday never really happened. With this in mind, some chart perspective is in order. On the 15-minute QQQ timeframe, seen below, note that a bit of a relief bounce in the very near-term should not be too surprise. After all,...

27Jun4:49 pmEST

Stock Market Recap 06/27/17 {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...

27Jun1:20 pmEST

Can You Be a Jekyll and Hyde Trader?

We all have our given biases, some obvious to us and others far more subtle. Recognizing and accounting for a given bias is instructive when it comes to trading, at least for us as humans in a market full of robots. And when it comes to politics, you can almost cut the air with knife in terms of how prominent the political headlines have been...

27Jun10:37 amEST

This is This for Steel Stocks

After the "Trump Trade" frenzy wore off back in February, steel stocks have been lucky to hold a bounce for even a day or two ever since. But after basing for the last two months or so, it is worth putting them back on the radar for at least a day-trade long if they can improve on the SCHN earnings rally this week. At a minimum, you are...

26Jun4:19 pmEST

Stock Market Recap 06/26/17 {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...

26Jun3:33 pmEST

Is Fred Too Sexy for Resistance?

Fred's, Inc. (owner of retail discount stores and full service pharmacies) is surging more than 20% today on this news , as the drugstore stocks at-large are catching a nice bid like CVS and RAD. FRED had been having a rough 2017 headed into today, as it was lumped in with the dreadful retail sector. Thus, an important takeaway from a...

26Jun10:55 amEST

Summer Style

An opening gap higher in equites on the back of news of an Italian bank rescue looks to be fizzling out as I write this, with many market players closing their books into the end of month, end of quarter, and even into the next two weeks as the Fourth of July will be observed early next week. With this in mind, at the moment I am not in a rush...