NVIDIA Earnings: Sinkhole or Swimming Hole

25Aug11:01 amEST

Slay the Monster Once and for All

We have a bit of a lull, perhaps a "calm before the storm" vibe to the market this morning in front of Jackson Hole kicking off tomorrow, as well as some significant macro data Thursday morning. Equities are generally drifting higher, with small caps leading as the IWM threatens to recapture its 50-day moving average as we speak. DKNG is...

24Aug3:50 pmEST

Eleven Time's a Charm?

Since July 22nd, the diagnostics/covid testing play Co-Diagnostics Inc. (CODX) has loosely tested its 200-day moving average either just below it, precisely on it, or peeking its head just above it. In fact, today marks the eleventh of such occurrence, as the stock flipped red-to-green today. CODX has a low float with a relatively high short...

24Aug10:05 amEST

The Only Thing Transitory is Your Growth Slowdown Thesis

One of the most difficult parts about being a market participant is that we must simultaneously learn from the past (both our own trades and previous market cycles, in general) while avoiding fighting yesterday's battles in yesterday's market in the present. Indeed, each market can be unique even if it does indeed rhyme with a cycle from Wall...

23Aug4:31 pmEST

Stock Market Recap 08/23/21 {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...

23Aug10:15 amEST

The "P" in Pfizer Packs a Silent Punch

I cannot help but think of this scene from Golden Girls when it comes to all things Pfizer. Inside the VIP arm of Market Chess Subscription Services, PFE has been one of the highlights for us as we have concentrated our ideas and plays on value stocks more than anything else in recent quarters. Clearly, I would be delusional not to...

22Aug9:43 amEST

Weekend Overview and Analysis 08/22/21 {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...

20Aug11:54 amEST

Fighting Through It

Most veteran traders I have talked to this month have lamented about how deceptive the resilience of the senior indices has been, especially with underlying price action in many spots being choppy and uneven at best, and downright untradable at worst. And I am no exception, looking forward to autumn and a possible change in market character one...

19Aug4:23 pmEST

Stock Market Recap 08/19/21 {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...

19Aug11:03 amEST

Risk Happens Fast (Except in Late-Summer)

Judging by the price action in Treasuries, as TLT rises again and rates come down, the market is not exactly cocksure that an imminent Taper is necessarily in the cards. Instead, growth slowdown fears from the virus variants as well as China (as seen by the bewildering decline in LVS on the second daily, chart, below with its acute Macau/China...

18Aug3:48 pmEST

NVIDIA Earnings: Sinkhole or Swimming Hole

Judging by the dedicated Robinhood ticker tracker on the bottom righthand corner of recent CNBC telecasts, once would think HOOD earnings tonight would be the ultimate market moving event. But I doubt it. Instead, the marquee and multi-year winning chip play, NVDA, likely takes the cake for that. As you can see on the NVDA monthly chart,...