Thirsty for Momentum

12Nov10:52 amEST

Cabot the Sharp Cheese; Cabot the Sharp Chart

If it seem as though the tone and tenor of our analysis since early-October has focused on special long situations in line with a generally defensive view of the broad market, it is because our intent is to stay opportunistic and upbeat during market corrections without taking unnecessarily large drawdowns. Oftentimes during market...

11Nov4:23 pmEST

Weekend Overview and Analysis 11/11/18 {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...

09Nov10:32 amEST

Southwestern Tough to Survive This Saloon

Crude oil bulls have found themselves in the wrong saloon, and have yet to alleviate the situation in any way, shape, or form. Just this morning, for example, we have another gap down not just in crude itself, but also the OIH XLE XOP ETFs for energy-related stocks. Oil has been noticeably weakening since early-October, perhaps coinciding with...

08Nov2:22 pmEST

Is Tesla the Leader We Should Really Be Looking At?

One of the most challenging aspects of being a speculator, in any form, is simultaneously having strong opinions grounded in your core process while also being able to continually reevaluate that thesis to see if it continues to stand up to the scrutiny of markets. In other words, we have to do our homework, place our bets, track our bets...

08Nov10:37 amEST

A Test from Above

The nagging weakness in crude oil is gaining more attention by the day, as "Black Gold" has been acting more like, well, gold-gold, in recent weeks. Our attention, frankly, has been focused more on the intriguing and impressive strength in natural gas, both in absolute terms and of course relative to crude. In fact, as crude has made...

07Nov5:31 pmEST

Stock Market Recap 11/07/18 {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...

07Nov2:33 pmEST

Unprecedented Thanksgiving Week Travel Should Add Fuel to the Fire

In addition to the usual stress associated with the holidays, the TSA is out today predicting a very hectic travel week in what is already considered to be the busiest week of the year for planes, trains, and automobiles. Whether or not the TSA's prediction comes to fruition, in that agency's infinite wisdom, remains to be seen. But armed...

07Nov10:33 amEST

The Race Takes a Bad Turn for Bears

With the midterm elections now out of the way, combined with a particularly strong earnings report out of Twilio, the market seems more focused on rotating back into tech growth stocks than anything else this morning. As I write this, TWLO has already printed fresh all-time highs and it up nearly 28%, quite impressive indeed considering the...

06Nov4:59 pmEST

Stock Market Recap 11/06/18 {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...

06Nov11:35 amEST

Thirsty for Momentum

Part of the nature of corrective markets is that they do not so much as scare you out as they do wear you out with choppy action and a vast array of head-fakes along the way. And on this midterm election Tuesday, bulls are turning in a decent effort this morning in the Nasdaq to try to reignite some momentum growth plays, albeit with the QQQ...