Stock Market Recap 06/02/16 {Video}

06Jun4:59 pmEST

Stock Market Recap 06/06/16 {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...

06Jun3:20 pmEST

It's a Buddy Kane Type of Market

Bulls are running again this afternoon, as perhaps too many market players are either betting on or fearful of a large fade at obvious resistance on the indices for it to actually materialize...at least right away. Belw the surface, I am seeing quite a few short squeeze and breakouts from technical bases, across many sectors, which has to be...

06Jun12:56 pmEST

Red Within the Green

Precious metals and miners are mostly pausing today, as the market likely digests and interprets new comments from Chair Yellen about monetary policy. The U.S. Dollar, keying off the UUP ETF, attempted to green earlier but is now back in the red as I write this, following-up on last Friday's monstrous gap down. Regarding the miners, as long as...

06Jun10:51 amEST

When the Hustle is Over, You Leave Town

Now is not likely the correct time to begin trading the firearms plays, RGR SWHC, on the long side due to rising gun sales. In fact, on the SWHC weekly chart, below, that trade looks to have run its course, with the ubiquity of the bull thesis likely priced in already. In fact, a slowdown is the buzz of the tape this morning, with political...

05Jun1:14 pmEST

Weekend Overview and Analysis 06/05/16 {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...

04Jun8:33 pmEST

Saturday Night at Market Chess Cinemas

Saving Private Ryan (1998), Director Steven Spielberg and Tom Hanks’ dramatic World War II epic, makes sense to watch (and re-watch) with the D-Day Anniversary approaching this Monday (from June 6th, 1944, when the Allies put into action the long-awaited Normandy Beach Landings into Nazi-controlled Europe). The jaw-dropping cast features...

04Jun8:28 amEST

Boxing and Trading

As the world mourns the death of heavyweight boxing champ and prominent global figure, Muhammad Ali, it is worth drawing a few parallels between boxing and trading. The focus on footwork, even though it feels unnatural and seeming odd, in boxing, is not unlike the trading concept of cutting losers and adding to winners, even though that seems...

03Jun1:15 pmEST

The U.S. Dollar is Turning Into a Bad Kenny Chesney Song

One of the main pieces of the puzzle in terms of whether precious metals and miners are truly on the cusp of a new leg higher would be if the U.S. Dollar, or "King Dollar," actually having no clothes. For if the King (Dollar) has no clothes, and definitively loses its attempt to regain previously-broken fifteen-month support, as illustrated...

03Jun10:53 amEST

A Methodical Job

The great irony with this morning's jobs report and all of the inevitable, accompanying "hot takes" by economists and pundits about what it means for a June rate hike (or lack thereof, or back to NIRP, or QE4, etc.) is that the consolidation in the gold miners has been methodical for a few months now. That may not be much consolidation for gold...

02Jun4:43 pmEST

Stock Market Recap 06/02/16 {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...