An Objective Look at Tesla's Parking Job

15Aug3:20 pmEST

Time to Go Underwater Fishing?

The persistent strength in the U.S. Dollar has generally impeded most rally attempts by the material and mining complex of late. But precious metals and miners, in particular, seem to have been impacted the most. And, now, for all intents and purposes the sector is diving at an alarming rate. At issue for us is whether the selling is simply...

15Aug11:01 amEST

More Combat in Close Quarters

After an impressive showing yesterday, bulls are suddenly finding their backs against the wall this morning with a violent move lower on the indices in the opening ninety minutes of trading. Dip-buyers have made little in the way of efforts so far today to try to blunt this selling. And now we have the small caps in the IWM threatening a range...

14Aug1:17 pmEST

The Market Has Known That Tiger Woods and Golf Are Back

As far as the stock market is concerned, there is little doubt that the immense popularity of Tiger Woods (not pictured above, by the way) is pivotal regarding fringe golf fans who go long periods of time when Tiger is not relevant without consuming any golf content nor purchasing any golf-related products (let alone actually playing the...

14Aug10:40 amEST

Good Thing Today is Tuesday for Office Depot

Since an all-stock merger between Office Depot and OfficeMax was announced back in 2013, Office Depot's stock has largely fallen into oblivion, with plenty of market players likely unaware that ODP still traded publicly. And even if they did, there was almost assuredly a presumption that Amazon would inevitably run them out of business like...

13Aug5:43 pmEST

Stock Market Recap 08/13/18 {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...

13Aug10:21 amEST

Electric Cars Funded By Oil Sheiks

Tesla looks to be stabilizing this morning in the mid-$350s after this news story about CEO Elon Musk having some meat on the bones to his claim regarding "funding secured," specifically his repeated and ongoing conversations with the Saudi Arabian sovereign wealth fund. Putting to one side the irony of the situation, TSLA's chart is still...

11Aug4:40 pmEST

Saturday Night at Market Chess Cinemas

Brick (2005) is a valiant attempt by writer/director Rian Johnson at a neo-noir applied to the millennial generation. Joseph Gordon-Levitt' immense talent, in the leading role which he has cultivated during his decades of experience despite being a relatively young man, certainly helps Johnson's script and direction. But Johnson's talent...

10Aug10:17 amEST

Turkey for Me, Turkey for You

With the Turkish Lira essentially crashing this morning as their President seemingly acts out of desperation and panic , equities are down here in the U.S. on concerns of a possibly European contagion redux of what we saw a few years back. Of course, those headlines may be overblown, and the selloff in stocks this morning is more standard...

09Aug3:48 pmEST

Stock Market Recap 08/09/18 {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...

09Aug11:13 amEST

An Objective Look at Tesla's Parking Job

Parking job, as in, Tesla Motors' stock continued to be parked in a massive range. The sideways range TSLA has been operating in for nearly fourteen months now, illustrated below on the weekly timeframe, drives home the message of just how financially (and emotionally) draining choppy, rangebound charts can be for bulls and bears alike. Truth...