Stock Market Recap 08/20/20 {Video}

27Aug11:53 amEST

VIX Up, Dollar Up...Stocks Up

After Fed Chair Powell delivered an underwhelming soliloquy at the virtual Jackson Hole symposium regarding inflation perspective this morning, stocks are pretty much resuming their daily melt higher in the Nasdaq, led by TSLA today, albeit with spotty action below surface. And, just as significantly, negative divergences such as the VIX green...

26Aug3:50 pmEST

Jackson Hole 2020: Hold the Scenery, Keep the Drama

The bar is set remarkably high for Fed Chair Powell tomorrow morning, as a virtual version of The Fed's annual Jackson Hole, Wyoming, get-together will be live-streamed just before the opening bell. The expectations are for a ground-breaking inflationary pivot by The Fed, which is something we will discuss in my full market recap for Members...

26Aug11:34 amEST

Dog Days of Wall Street for Non-Celebrities

Down in the Philadelphia area there is a sarcastic colloquialism of the streets, "must be nice," often said to someone enjoying a particularly obvious run of good luck or just peace and prosperity in life, in general. Thus, when we see the likes of CRM up over 25% as I write this while FB and NFLX are up 5% and 7%, respectively, the rest of...

25Aug4:30 pmEST

Stock Market Recap 08/25/20 {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...

25Aug11:21 amEST

Be Careful What You Wish For

News of Salesforce.com, which reports earnings tonight, replacing Exxon Mobil in the Dow Jones Industrial Average (alongside AMGN HON replacing PFE RTX) seems like an awfully brazen move in light of the multi-quarter explosion in tech we have seen, heretofore. In addition, XOM has been a long-time poster child for the underwhelming action in...

24Aug4:27 pmEST

Stock Market Recap 08/24/20 {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...

24Aug11:05 amEST

The Need for Bold Action

A steady, persistent but somehow still limp noodle-esque rally with respect to underlying participation is showing at least some pause this morning, with pronounced fades in heavyweights AAPL and TSLA as I write this. Even NVDA went green-to-red, along with AMZN. However, despite how obvious the poor breadth divergences to price have been, not...

23Aug8:51 amEST

Weekend Overview and Analysis 08/23/20 {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...

21Aug10:31 amEST

Cherry Coke and Apples in Season This Summer

The melt-up in shares of Apple, seen below on its daily chart, alongside the likes of TSLA ZM, figure to have been instrumental for Nasdaq bulls by the time the closing bell rings today to finish out this late-summer week with another decisive victory. While AAPL, currently over $2 trillion in market cap and Warren Buffett's second largest...

20Aug4:55 pmEST

Stock Market Recap 08/20/20 {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...