The Rapacious Twenties Cometh

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...

17Mar4:26 pmEST

Stock Market Recap 03/17/21 {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...

17Mar10:24 amEST

The Wind That Shakes the Barley, and Growth

[ The Wind That Shakes the Barley , a fine 2006 Irish film about the Irish War of Independence (1919–1921) and the Irish Civil War (1922–1923)]. In front of a highly anticipated FOMC later today we are seeing a pretty good example in this morning's tape of how sensitive growth stocks have become to the movement in rates on the 10-Year Note....

16Mar3:34 pmEST

The Rapacious Twenties Cometh

Some late-day buying in bonds is helping to stave off a bit of selling momentum which gathered across the board earlier this afternoon. Once again, this sort of price action still figures to be digestion and backing and filling in front of tomorrow's FOMC, where we will see whether Fed Chair Powell can say the right things to assuage bond...