Stock Market Recap 09/19/16 {Video}

22Sep10:49 amEST

Counselor? Come Out Come Out Wherever You Are

With the S&P 500 Index filling its 2177 gap higher from the monstrous gap down two Fridays ago, we are looking to see if bulls can now build on their post-FOMC momentum and hold back above it. If so, then the sell-off from two Fridays ago will take on far less significance than it seemed to have at first blush, and the initiative will be back...

21Sep4:32 pmEST

Stock Market Recap 09/21/16 {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...

21Sep3:51 pmEST

FED AGAIN

Another punt by The Fed and another celebration by stoxks, bonds, and commodities. At some point, markets are going to force Ms. Yellen's hand, particularly the gold market. For now, I am looking to see if today's upside moves can stick and follow-through in the coming days. More in my recaps after the bell.

21Sep1:06 pmEST

Hawks vs. Doves

Ahead of the big FOMC decision whether to raise rates to stand pat, along with plenty of rhetoric as a side dish, precious metals and miners are rallying. Perhaps this may very well be a sign that "someone knows something." But is could just as easily be setting up a "sell the news" reaction. So, gamesmanship is typically a fallacy for these...

21Sep10:57 amEST

Netflix Negotiations Reaching a Tipping Point

For a while now, we have been tracking Netflix as it negotiated its 200-day moving average, still decline and presenting a formidable challenge for even the most steadfast bulls in the name. NFLX recently fell behind the pack of major leaders, such as AMZN FB GOOGL, even PCLN, in terms of technical strength. And that is persisting this...

20Sep4:28 pmEST

Stock Market Recap 09/20/16 {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...

20Sep3:43 pmEST

Some Old-Fashioned Island Hopping

The drifting action into the FOMC continued today, with pockets of momentum largely relegated to the small and mid-cap biotechnology arena. I am very light here in terms of my exposure, but after The Fed tomorrow there are a few of the biotechs on my radar. Indeed, it seems as though biotech bulls are island hopping within the space, which...

20Sep1:02 pmEST

Mr. Buffett: It's Time to Be Ruthless

"LOSE MONEY FOR THE FIRM AND I WILL BE UNDERSTANDING. LOSE A SHRED OF REPUTATION FOR THE FIRM, AND I WILL BE RUTHLESS." -Warren Buffett Given Berkshire Hathaway's sizable stake in Wells Fargo, it is likely that Mr. Buffett is being rather calculating in terms of his reaction to the scandal, if there is going to be one. Ether way, Wells is...

20Sep10:35 amEST

Forget the FOMC: Here's the Real Main Event of the Week

Well, to be sure, The Fed still carries a good deal of significance for most asset classes this week. However, I suspect whether The Fed is hawkish or dovish will have little impact on the natural gas market. Natty has quietly been turning in impressive sessions of late, even as crude has lingered and is merely trying to hold the line. On the...

19Sep3:53 pmEST

Stock Market Recap 09/19/16 {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...