Stock Market Recap 02/24/16 {Video}

28Feb3:42 pmEST

Weekend Overview and Analysis 02/28/16 {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...

27Feb10:52 pmEST

Saturday Night at Market Chess Cinemas

Tomorrow night will mark the 88th Academy Awards ceremony, an annual tradition which has, frankly, lost a bit of the mystique it once had. One main reason for the loss of mystique is the general migration of top of the line talent from the big screen to television/streaming series over the last decade or so. But beyond that, Hollywood in...

26Feb2:07 pmEST

Best Rally in a Supporting Role

For the rest of the session into the weekend, we are keying in part off the SPY 10-minute chart, below, illustrating the significance of the $195.50 area since the open today. As we speak, crude oil flipped red and is considering staying there as many parts of the market are seeing the effects of a narrow, sluggish trading session set in via...

26Feb12:59 pmEST

Quality Control Friday at the Office

After filling the opening gap on the S&P 500 Index, stocks meandered through the morning and are trying to wake up again as we speak. Some issues like CMG MCD SBUX are lagging, as are emerging markets, while financials and biotech catch a bid. The action below the surface is fairly muted, and not yet some type of broad-based vicious short...

26Feb10:51 amEST

A Slice of European Humble Pastry Pie

Calling the near-term direction of the Euro of late has required a large slice of humble European pastry pie, perhaps even more than equities, as the Euro has been resilient and featured a vast array of wicked short squeezes in recent months. We have not been playing the Euro much since last summer, but we are still monitoring the overall...

25Feb5:13 pmEST

Stock Market Recap 02/25/16 {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...

25Feb3:26 pmEST

First Time Long Time

Working our way through the final hour of trading today, the S&P 500 Index has now tested its 50-day simple moving average for the first time in 2016. In and of itself, that is not inherently bullish, though a close above 1945 today likely continues to put the heat on shorts holding and hoping for an imminent rollover. It is worth noting the...

25Feb12:53 pmEST

Let's Restore the Three Day Waiting Rule

After the complete disaster and dodgy excuses by the firm's management in the wake of the Restoration Hardware earnings release and conference call, shares of RH are down more than 28% as I write this. On a slow market day, the temptation may be to rush in and stick in a bid for some type of reversion higher. However, just as with DATA LNKD in...

25Feb10:33 amEST

The Fog Not Yet Lifted

Despite yesterday's pronounced reversal higher in stocks and crude oil, the attempt to follow-through higher this morning has been a sluggish one. Crude is red as we speak, with USO down more than 2% and large cap energy stocks lagging the market noticeably. Even as the Japanese Yen comes in, stocks are not yet taking the ball and running with...

24Feb5:09 pmEST

Stock Market Recap 02/24/16 {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...