Weekend Overview and Analysis 02/07/16 {Video}

10Feb10:54 amEST

A Little Rain is Good, But Not Too Much

The price action in the precious metals and their miners in recent weeks has been very impressive on a standalone basis, let alone within the context of a possible bear market bottom. The rationale for a new bull run in the metals and miners could range from anything to markets revolting, once and for all, against maniacal central banking...

09Feb5:10 pmEST

Stock Market Recap 02/09/16 {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...

09Feb2:54 pmEST

Slugfest

Less is more today, in terms of trading a churning market in front of Chair Yellen's semi-annual monetary report to House Financial Services Committee tomorrow morning. The crude oil weakness has yet to plunge stocks to fresh lows today, while trouble DB popped on rumors of a major Euro Bond buyback. Precious metals and miners finally look...

09Feb12:36 pmEST

First in First Out of Port

With crude oil and high yield paper pushing session lows as we speak, stocks are wobbly but have not plunged to follow suit, just yet. Into the afternoon, the crude oil weakness is a concern, but shorts should still not rely on it as a proxy to short tech and biotech, for example. At the moment, a more interesting development to my eye is the...

09Feb10:49 amEST

Excesses of the Bull Market on Mardi Gras

Today is a busy day across the country, with both Mardi Gras festivities and the New Hampshire Primary. Regarding the Mardi Gras partying, followed by Ash Wednesday and the beginning of Lent, markets also display a similar pattern, broadly speaking, of enjoying the complacency and excesses of a long bull run, before eventually the cleansing...

08Feb5:15 pmEST

Stock Market Recap 02/08/16 {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...

08Feb3:38 pmEST

Everybody Just Say the Word, Oh, Ches-Ches-Chesapeake

Serious selling (and halts) in Chesapeake Energy today, along with more glaring weakness in the European Deutsche Bank, caught many headlines today. It is interesting to see the likes of COP SLB XOM in the energy patch holding green here, perhaps a sign that the energy selling is close to abating. However, calling a bottom to this market has...

08Feb12:54 pmEST

No Man Can Eat Fifty Eggs

With the broad market sell-off still playing out today, one has to wonder when panic and fear will start to set in. Bounces have been tepid, not just today but in recent weeks by and large. And the VIX has yet to see anything close to a fearful spike higher. Underwater longs seem to be hell-bent on seeing just how much pain they can take, not...

08Feb10:59 amEST

Bursting the Dam of Support

Equities continue to get pounded this morning, and it is likely no coincidence that the Dollar/Yen currency cross is also losing a major price area, too. As the Dollar/Yen chart, seen below on the daily timeframe, moves lower, the Yen moves higher. A higher Yen is not what the Bank of Japan had in mind a few weeks ago when it moved to NIRP...

07Feb3:15 pmEST

Weekend Overview and Analysis 02/07/16 {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...