Hawks Showing Some Post-Up Game

16Oct3:09 pmEST

Weekend Overview and Analysis 10/16/16 {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...

15Oct12:59 pmEST

Saturday Night at Market Chess Cinemas

It may very well turn out to be a shame that one of the great actor Hal Holbrook's performances went widely unwatched. But you can be sure that I will do my part to try to get the word out about his mesmerizing acting in That Evening Sun (2009). Also starring in the film are two excellent character actors you will likely recognize from...

14Oct1:27 pmEST

A Different Kind of View

The indices are mostly green in the early-afternoon portion of trading, save the small and micro-cap issues. Biotechnology issues also continue to lag. But the main issue, which we noted for Members in the pre-market Morning Prep Video, was the 2145-2150 test on the S&P 500 Index into the opening gap higher. On the S&P hourly chart, below,...

14Oct10:53 amEST

On the Outskirts of Town

Former momentum darlings like MBLY and TASR seem to have moved to the outskirts of town since August, as they have become an afterthought to hot money traders obsessing over the likes of ACIA and TWLO instead. However, the chart of Taser, below on the daily timeframe, raises an interesting point about where the market is and where we might be...

13Oct3:53 pmEST

Stock Market Recap 10/13/16 {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...

13Oct3:51 pmEST

Pour a Blizzard Out for Buffett's Homeboy John Stumpf

Wells Fargo reports earnings tomorrow morning before the bell, kicking off the banks' earning season with a slew of other financials reporting, as well. CEO John Stumpf is on his way out with a golden parachute, as Warren Buffett remained surprisingly meek throughout the WFC accounts' scandal, given the threat to Berkshire's vaunted reputation...

13Oct1:19 pmEST

Pin Action off Natty

With natural gas surging again, Chesapeake Energy is finding buyers where right it needs to. On the CHK daily chart, below, the producer of natural gas is trying to hold onto it triangle consolidation support trend, highlighted in light blue. A few other natural gas plays are rallying today, well, defying the broad market sell-off. It is also...

13Oct10:54 amEST

On to the Next Round

With the sell-off in equities intensifying this morning, Treasuries are finally finding some type of bid for a bounce right where they needed to. On the updated TLT (ETF for Treasuries) daily chart, below, buyers stepped in at the first 200-day moving average (yellow line) test since January. Yesterday's mini-reversal candle to green (arrows)...

12Oct3:43 pmEST

Stock Market Recap 10/12/16 {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...

12Oct3:42 pmEST

Hawks Showing Some Post-Up Game

Despite a rather hawkish tone to the FOMC Minutes from the last meeting, REITs and utilities, typically rate-sensitive sectors, are green here and outperforming most sectors. Note that both IYR and XLU have lagged the market of late and, for all intents and purposes, were not fond of TLT selling off (and thus rates going higher). Still, this...