Sink or Swim Mentality for a Sink or Swim Market

26Oct10:54 amEST

Selling Spilling Over

One of the more interesting aspects about the current market pullback has been that one can almost feel just how stubbornly bulls have been fighting each and every dip. The valiant attempts to rekindle the glory of buy-the-dip-to-profit-from-V-shaped-rallies-to-fresh-highs of prior pullbacks is now being soundly rebuked by the market, as...

25Oct5:12 pmEST

Stock Market Recap 10/25/18 {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...

25Oct1:45 pmEST

An Interesting Retail Thesis for Halloween

Two of our Members noted separate ideas today which I think can be fused together to create an intriguing pair trade. Both ideas are in the retail sector, but one of them is looking up while the other is on the cusp of a meaningful breakdown. In a corrective market, the notion of a pair trade tends to take on more significance, as a long/short...

25Oct10:38 amEST

Ho Ho Ho for Arlo?

To be sure, recent IPO Arlo Technologies has had unfortunate timing. The stock has been mercilessly pummeled since late-August as most tech-related names either cooled off or began to correct sharply. And the the last few weeks of broad market deterioration have only sought to pour more salt in ARLO's wounds. In front of earnings tonight,...

24Oct4:53 pmEST

Stock Market Recap 10/24/18 {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...

24Oct3:53 pmEST

This is Really Gonna Hurt

Simply put, this market still smacks of complacency much more than a buy-the-blood scenario, as the VIX has barely shot up today (by its own standards, not a percentage move), and remains in the low/mid-20s even though equities thoroughly got stuffed in any and all bounce attempts. With the belly of the earnings beast approaching, I suspect...

24Oct10:25 amEST

The Naz and All That Jazz

One of the first observations we made with Members out of the gate this morning was that the Nasdaq was notably lagging the other major averages. If bulls did not fix that situation sooner than later, we were looking to see if the rest of the market would give up any semblance of an early bounce and head on lower, especially given that the...

23Oct4:12 pmEST

Stock Market Recap 10/23/18 {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...

23Oct2:16 pmEST

Appreciate the Full View

The Wilshire 5000 Total Market Index, below on the weekly timeframe, measures performance of all U.S. equity securities with readily available price data. In other words, the Wilshire arguably gives the ultimate birds-eye view of the market at any given time. Despite the bounce off session lows today, which is holding so far, it is worth noting...

23Oct10:29 amEST

Sink or Swim Mentality for a Sink or Swim Market

"sink or swim" - to fail or succeed entirely by one's own efforts Speaking from experience, corrective markets often magnify the flaws in many traders' strategies and discipline (or lack thereof). Indeed, downtrending markets are unforgiving and, at times, ruthless in their aggressive price discovery mechanisms in terms of running traders out...