Chasing Crumbs Instead of Waiting for the Big Kill

05Aug12:28 pmEST

Sunday Matinée at Market Chess Cinemas

Inspired by Dashiell Hammett's novels Red Harvest (1920) and The Glass Key, the Coen brothers' film, Miller's Crossing (1990), is a stylish neo-noir about feuding gangsters during the Prohibition era. The film stars Gabriel Byrne, Marcia Gay Harden, John Turturro, and Albert Finney. Clearly, the early stylish fingerprints of the Coen...

03Aug10:06 amEST

Excuse Me, I Believe You Have My Staples

In light of the constant Trade War headlines with China and this morning's jobs report, the major averages are mostly quiet, either slightly red like the QQQ or trying to hold green like the small caps and the S&P. Some retail names are off to a hot start, and we have a few on the Long Watchlist for Members. But one part of the market which...

02Aug3:52 pmEST

Stock Market Recap 08/02/18 {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...

02Aug10:52 amEST

Swimming the Channel This Summer

A good visual for the choppy market action we have experienced of late, with bulls and bears alternating "ah hah!" moments where they think they have the opposition cornered only to find themselves in a tough spot, is the IWM ETF daily chart, below. Those pesky small caps finally cooled off after a brilliant May/June run, but have not sold off...

01Aug3:45 pmEST

Stock Market Recap 08/01/18 {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...

01Aug3:38 pmEST

The Plan if It's Hip to Be Square Tonight

By now, we all know Tesla reports tonight, and indeed TSLA will garner much of the attention be it good or bad. But Square reports, too, as a major leader in the payments space. And if SQ can continue to surprise to the upside I would keep an eye on Total System Services, Inc., a much lesser known payments play with its own earnings out of the...

01Aug10:27 amEST

Netflix's Crime Shows Bring it Back to the Scene of the Crime

A few weeks back, the headlines screamed that Netflix sold off after earnings due to missing big on projected subscriber growth. That may be true on some level, though we know the overall growth in NFLX has been one of the more impressive stories since at least 2013, with plenty of international potential still on the horizon. One issue I see...

31Jul4:58 pmEST

Stock Market Recap 07/31/18 {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...

31Jul2:51 pmEST

Wheat a Minute! We Have a Correlation to Track

A potential inflection point for emerging markets has been a recent topic on this site and among our trades and trade ideas for Members. Simply put, we have been looking for the rather large spread this year between domestic equities outperforming and emerging markets lagging behind to narrow. We played a China long via YINN two weeks ago,...

31Jul10:33 amEST

Chasing Crumbs Instead of Waiting for the Big Kill

The concept of constantly making a "big call" regarding markets on a daily basis is something I have been rather critical of in prior writings. And that very notion seems to be perpetuated by the rapid-fire nature of social media and the insecurities many traders exhibit in terms of trying to display misplaced braggadocio and, in effect, ego...