Be Careful Who You Trust

10Feb11:05 amEST

Saturday Night at Market Chess Cinemas

Three Billboards Outside Ebbing, Missouri (2017) received critical acclaim upon its release, and has since been nominated for and won several awards. Unfortunately, I do not share the view that this is an exceptional film, nor a particularly good one. Instead, I believe that too many critics and viewers simply gave the benefit of the...

09Feb1:48 pmEST

Cold, Hard, American 100% C(r)ash

During the late-morning swoon spilling over into the early-afternon portion of the session, I decided to close out my swing shorts and move to 100% cash in my trading account inside Market Chess Subscription Services. To be sure, a loose and sloppy close today would draw analogies to the crash of 1987, in terms of the weakness leading up to...

09Feb10:34 amEST

A Shady Throwback

Although FEYE and NVDA are two bright spots for bulls on the earnings front today, with both names gapping higher this morning, the broad market bounce attempt has yet to make much of a dent vis-à-vis yesterday's 1,000-point plunge on the Dow. To be sure, an afternoon squeeze may gather steam if bears are unable to overturn the rally and...

08Feb3:43 pmEST

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

08Feb3:41 pmEST

Welcome to the Big Leagues, Jerome Powell

With the next Federal Open Market Committee meeting not scheduled until late-March, new Fed Chair Jerome Powell is already facing markets doing what they have done for decades: Put new Fed Chairs to the test right off the bat. And the fact that we still have just under two months before that meeting means the recent volatility may not...

08Feb1:30 pmEST

And Then There was the Yen...

With the various headlines in recent days, weeks, months, even years, I am sure we all forgot about the Japanese Yen currency as issues in Japan seems to fall into the background. Nonetheless, when the Yen rallies strongly it tends to bode poorly for global risk appetite, especially equities, as it signifies "risk off" for a variety of...

08Feb10:42 amEST

A Dim Sum Morning

Much like dum sum in Chinatown on a weekend morning, the market this morning has something for everyone on which to nibble. On the one hand, we have a name like TWTR (following-up on SNAP yesterday) smashing earnings and continuing its long-term turnaround for the better. GRUB is equally as impressive, acting more and more like an emerging...

07Feb3:36 pmEST

Stock Market Recap 02/07/18 {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...

07Feb3:34 pmEST

Facebook and Snapchat: Watching the Same Movie Again?

The first chart pictured below is a blast from the past--Facebook's weekly timeframe dating back to 2012/2013, after its post-IPO slump. FB actually dipped into the teens, amid a plethora of negative media coverage and frustrated shareholders. Eventually, though, just when all hope seemed to be lost, the company steamrolled a summer earnings...

07Feb1:09 pmEST

Be Careful Who You Trust

The many, powerful "V-shaped" rallies bulls have enjoyed over the years likely convinced traders who never traded prior market cycles that the V-rallies were entirely normal. On same level, that is true. But there are many other instances even in bull runs where corrections take a bit more time and pain to play out before the bull market is...