Stock Market Recap 07/21/16 {Video}

25Jul4:48 pmEST

Stock Market Recap 07/25/16 {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...

25Jul3:38 pmEST

The Proofpoint is in the Pudding

A critical issue for bulls regarding of the sustainability of a rally well beyond making new all-time highs from last summer is whether we see broadening participation across a variety of sectors. This notion would necessarily see at least a few long-time laggards over the last few quarters now get with the program. One sector making a strong...

25Jul1:02 pmEST

Finding Peace in Summer

Today's pullback in stocks comes within the context of a larger sideways move on the major indices dating back a week or two. The IWM, ETF for the small caps housed in the Russell 2000 Index, for example, is still working through a very well-defined range dating back nearly two weeks now. On the hourly IWM chart, below, we can see attempts to...

25Jul10:37 amEST

Let's Do the Limbo with Oil

Although there is not necessarily a strict correlation with stocks, it is hard not to at least keep tabs on crude oil's persistent weakness and inability to hold bounces over the last seven weeks or so. Recall back in 2008, for example, how crude super-spiked and then crashed in the back half of the year along with equities, which probably is...

24Jul2:19 pmEST

Weekend Overview and Analysis 07/24/16 {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...

23Jul10:34 amEST

Saturday Night at Market Chess Cinemas

The Last Seduction (1994) is one of those film 1990's noirs I love that seemingly very few have seen. You do not want to miss the talented and sexy Linda Fiorentino’s classic performance as a monstrous femme fatale, along with the perfectly-cast Peter Berg and Bill Pullman. via imdb.com A devious sexpot steals her husband’s drug money and...

22Jul3:45 pmEST

We All Have Homework This Weekend

It may a sunny, hot summer Friday on the east coast, but as a trader you should not let that completely consumer your weekend. The reason for that is due to the price action of this market, with an increasing number of chart flagging out and basing well in uptrends. Equally impressive is that it is happening with NFLX getting smacked after...

22Jul1:30 pmEST

For Every One Skechers...

For every one SKX in this tape, breaking down after earnings on the weekly chart, below, there is a reflection back by bulls who have several names firming up and acting well on a slow summer Friday. Even CMG, for example, a long-term leader turned laggard in 2016, is spiking up after an initial move down after earnings. That type of action...

22Jul10:45 amEST

I Know Why the Caged Bear Cries

One of the interesting and recurring aspects about the rise in equites in recent years has been the consistent manner in which buyers have eschewed fear of the many typically concerning divergences across a variety of markets. Whether it be the transports, retail, biotech, energy weakness, or the Yen strength, just to name a few, bulls have...

21Jul3:51 pmEST

Stock Market Recap 07/21/16 {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...