Revisiting the Full, Traditional BREXIT

28Jul1:18 pmEST

Saturday Night at Market Chess Cinemas

I alluded to the film in a blog past this week. So, now would be as good a time as any to recommend Marathon Man (1976), starring the impressive acting trio of Dustin Hoffman, Laurence Olivier, and Roy Scheider. Written by the great William Goldman, and directed by John Schlesinger, the film hooks you in right from the opening scene and...

27Jul1:30 pmEST

Intraday Ideas and Analysis 07/27/18 {Video}

The following video is an example of the types of Midday Videos I present to Members of the Market Chess Subscription Services on a daily basis. Please click here for more details about joining to access these videos regularly, as well as plenty of other features.

27Jul10:59 amEST

His First Appearance in a Good While

The RSI (Relative Strength Index), seen on the bottom pane of the IWM (ETF for the Russell 2000 small cap Index) weekly chart, below, is often seen as irrelevant during a bullish trend, since there are too many false signals and negative divergences which not only fail to resolve price lower, but actually seem to trap in shorts before the next...

26Jul6:03 pmEST

Stock Market Recap 07/26/18 {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...

26Jul2:09 pmEST

Emerging Markets: Another Round or No Mas

We sold a quick YINN (triple-levered long China country ETF) trade into strength yesterday inside the service after writing a blog post last Friday about the prospects for emerging markets to generally stage a relief rally after being pummeled this spring and summer. Still, when a corrective chart becomes quickly overbought, as FXI (YINN is...

26Jul10:27 amEST

You Know Cashish Has Been Legalized Too, Right?

Despite the surge on the major averages into the closing bell yesterday on the EU/Trump news, inside Market Chess Subscription Services I moved to my heaviest trading portfolio cash position in quite some time. Simply put, the broad market is attempting to stave off summer volatility and indeed a correction by continuing to play the rotation...

25Jul4:45 pmEST

Stock Market Recap 07/25/18 {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...

25Jul3:50 pmEST

Here Comes the Heart of the Lineup

An earnings lineup tonight of: $FB $AMD $V $PYPL $F $ALGN $GILD $LVS $QCOM $NOW is as loaded as it gets. Facebook, to be sure, is the premier report. But the other ones listed above could tip the scales in what appears to be the epitome of a mixed market. Although I have raised a very heavy amount of cash the last two sessions, my bias is to...

25Jul1:04 pmEST

Is it Safe: Update on Netflix

Much like the other "FANG" market leaders, and even the long-term chart of the Russell 2000 small caps we looked at earlier today, the Netflix chart is such that we still are not too interested in calling major bull marker tops. At the same time, though, we simply cannot be surprised if a chart like NFLX decides to take some time and correct,...

25Jul10:35 amEST

Revisiting the Full, Traditional BREXIT

As the small caps in the Russell 2000 Index flip back to red as I write this, the monthly chart for the IWM ETF provided some interesting long-term perspective. Without questions, small caps have been on a tear since 2016, namely since the BREXIT shakeout. We can see as much on the monthly IWM, below, which I have annotated for you. You will...