Friendly Reminder: Don't Be a Blaster

03Jan4:52 pmEST

Stock Market Recap 01/03/19 {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...

03Jan2:44 pmEST

Something Magical is Happening with the Miners

Beyond a spirited rally in gold and now silver, something we have seen intermittently for a few years which usually ended in abrupt rollovers, one of the more interesting aspects of the current move is that those miners which are essentially pausing or taking days off do not suffer much in the way of givebacks. Previously, the glaring omission...

03Jan10:31 amEST

An Armed and Dangerous Market

The sharp selloff in shares of Apple this morning looks to more than offset any bullish hope for the BMY for CELG buyout to take the market higher. Similar comments apply to an initial bounce in crude oil, as well as weak ISM manufacturing data perhaps slowing down the hawkish Fed. In fact, the Dow, S&P, and Nasdaq have all taken out...

02Jan4:58 pmEST

Stock Market Recap 01/02/19 {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...

02Jan12:56 pmEST

Time for Sil to Be More Than the Number Two Guy

SIL, sector ETF dedicated to silver mining stocks, rightly get overlooked compared to GDX (ETF for senior gold miners) and GDXJ (junior gold miners) for a few reasons. First and foremost, SIL is such more thinly traded in terms of volume than both GDX and GDXJ. Silver miners in general have also been extremely disappointing at various intervals...

02Jan10:08 amEST

You Cannot Beat This View

As Brazil inaugurates President Jair Bolsonaro, it is worth reiterating a point we made just before Christmas--Quite a few Brazil stocks which trade here in America have been acting remarkably well, all things considered. In particular, compared to other BRIC countries ("BRIC" is an acronym standing for Brazil, Russia, India, China), the...

31Dec12:28 pmEST

Dust Yourself Off and Start All Over Again

Don't lose your confidence If you slip Be grateful for a pleasant trip And pick yourself up Dust yourself off And start all over again As 2018 winds down, we continue to play our cards close to the vest inside Market Chess Subscription Services, and largely have since October. But even if you have been too aggressively long (or,...

30Dec5:01 pmEST

Sunday Matinée at Market Chess Cinemas

Easily one of the best films of 2018, The Mule is another example of how Clint Eastwood has developed as an auteur (here, starring in the lead, directing, and producing the film). His film-making style is deep yet simple, stylish yet minimal, and he manages to pull you in for another exhilarating ride like he has on several occasions since ...

28Dec10:44 amEST

Cool Bounce...Now, What?

I have spent better part of this morning's session unloading some longs into strength, as I suspect the market could easily calm down after an exciting few sessions (well, afternoons, at least) for bulls. New Year's Eve on Monday is going to be a full session, but by then it would not surprise me to see some last-minute selling as everyone...

27Dec3:42 pmEST

Friendly Reminder: Don't Be a Blaster

One of the core concepts we preach inside Market Chess Subscription Services is to not give in to the temptation to blast "all-in" long or short to a given market based on a whim. To be sure, when the price action is intense it can elicit strong emotions from market players (the human ones, of course), as is our nature. But we must resist the...