Saturday Night at Market Chess Cinemas

05Apr5:10 pmEST

Stock Market Recap 04/05/16 {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...

05Apr3:49 pmEST

An Orderly Pullback....or Dangerous Complacency

Today's session was eerily slow at times, considering the weakness in financials and the very perilous price action in global financials BCS CS DB. Strength in a few pockets like TSLA and dead-cat bounces in SCTY SUNE may have masked this weakness. But to my eye the market smack of a bit of short-term complacency. More in my recap after the...

05Apr12:53 pmEST

It Survived the Winter

Considering the sharp rally in "risk on" assets since February, it is interesting to see the early-2016 strength in the safe haven Japanese Yen currency survive through the rest of the winter months. That resilience out of the Yen is on full display today, with the FXY ETF, below on the weekly timeframe, attempting a breakout from the sideways...

05Apr10:46 amEST

The Potter and Handle Pattern

Despite Goldman Sachs staging a spirited rally last Friday, large banks in the XLF ETF have mostly given back the bounce late-last week in favor of their continued underperformance throughout the winter months. This morning, they are clearly lagging, even underperforming their regional counterparts. Specifically, the likes of BAC MS WFC are...

04Apr5:13 pmEST

Stock Market Recap 04/04/16 {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...

04Apr3:16 pmEST

Putin on a Tough Guy Front

Considering the carnage in crude oil today, not to mention the oil service stocks (first daily chart, below, of the OIH sector ETF) getting soundly rejected off a prior important price area at $27, it is fairly impressive to see Russia not getting pounded. However, if the RSX (Russia country ETF, second daily chart, below) loses $16 soon, I...

04Apr1:02 pmEST

From Bobby's Room to Ivey's Room

There is a fairly clear rotation playing out today, with money coming out of some of the more prominent Nasdaq technology issues and rotating down to biotechnology and pharma stocks. Even with FANG names FB AMZN GOOGL NFLX off session lows as I write this, the QQQ ETF is still in the red while many biotechs squeeze higher off recent base...

04Apr10:38 amEST

Even a Bad Stallone Movie Has Its Moments

The stock of Cliffs Natural Resources Inc. has not been much of a, well, cliffhanger, in recent years. In fact, CLF has been soundly atrocious, declining from over $100 per share to a recent low of $1.20. The Cleveland-based iron ore miner sure did flirt with the potential of becoming an outright penny stock. But buyers have attempted to make...

03Apr3:44 pmEST

Weekend Overview and Analysis 04/03/16 {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...

02Apr9:20 pmEST

Saturday Night at Market Chess Cinemas

Rushmore (1998) is a light-hearted but sharp-tongued original comedy, starring Bill Murray and Jason Schwartzman as the memorable Max Fischer. I have great memories of the film, as I saw it in a packed theater right when it was released while I was in college, with a spirited crowd roaring to each scene. Directed by Wes Anderson and...