Frozen Again

19Dec3:33 pmEST

Vicious Traps

Walking in anything but a Winter Wonderland, this market is a minefield of nasty traps. Before the FOMC today, we noted with Members that the consensus view seemed to be that the post-Fed reaction was likely to be bullish. After all, how could Fed Chair Powell actually defy the market's weakness (not to mention crude oil's) in recent weeks? As...

19Dec10:21 amEST

The Tale of the Tape: Bitcoin vs. Gold Since August

Perhaps one of the more remarkable yet under-appreciated aspects of markets since Labor Day has been the notable outperformance of seemingly obsolete gold versus the new, hot Bitcoin. While Bitcoin has been rallying the last few days, the crypto currency has been in a sharp correction since last Christmas. Gold, however, has been acting...

18Dec5:13 pmEST

Stock Market Recap 12/18/18 {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...

18Dec3:33 pmEST

Dove or Hawk? How About a Chameleon

Another afternoon fade in the broad market reinforces the idea that this market is anything but cocksure about how Fed Chair Powell will navigate tomorrow's FOMC. After all, he has not been Chair for very long, and the market remains more skeptical of him than they were of Bernanke and for various parts of Yellen's term. Technically, the QQQ...

18Dec10:54 amEST

Yearning for the Chase

Equities are largely shaking off another bout of weakness in crude oil the morning, as the large banks like Morgan Stanley and beaten-down problem stocks like GE are rallying nicely, perhaps signaling some type of reprieve into the FOMC tomorrow afternoon. Still, the major averages are off their session highs as I write this, with many traders...

17Dec4:15 pmEST

Stock Market Recap 12/17/18 {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...

17Dec2:06 pmEST

The Biggest Napoleon Complex

With all of the talk about rates, trade wars, the economy, leveraged loans, debt, and geopolitical risks, it is easy to lose track of the fact that of all the index charts we track for Members related to U.S. equities, it is actually the micro-cap issues which have been leading us lower. The IWC, ETF for the iShares Russell Micro-cap Index,...

17Dec10:43 amEST

A Defined Holiday Scene in Place

Despite persistent weakness in some iconic banking houses, like Goldman Sachs, as well as in the small caps, and in addition to recent stalwarts finally getting hit this morning (such as TTD ZS in software), the ETF for the top 100 stocks in the Nasdaq Composite Index is at least offering up a defined line in the sand headed into Wednesday's...

16Dec4:57 pmEST

Weekend Overview and Analysis 12/16/18 {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...

14Dec10:38 amEST

Frozen Again

After playing a few precious miners on the long side with Members in recent weeks, I went ahead and locked in the rest of a trade this morning to unwind exposure to the complex in the near-term. Simply put, with the U.S. Dollar gapping higher, once again, as seen on the UUP ETF daily chart, below, I have little interest in pushing the envelope...