Hack on the Bears' Back

07Oct9:38 pmEST

Weekend Overview and Analysis 10/08/17 {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 mark Please click here for more...

07Oct9:36 pmEST

Saturday Night at Market Chess Cinemas

Breathless (1960) is likely the first film which comes to mind for most when we think about French "New Wave" cinema. The film is w ritten and directed by Jean-Luc Godard. The story centers around slick, nomadic criminal ( Jean-Paul Belmondo ), who models himself after the film persona of Humphrey Bogart, and his American girlfriend ( Jean...

06Oct10:47 amEST

One Final Chance

The tedious price action in gold miners continues this morning, albeit with a glimmer of hope in the way of a reversal off the key $23 price level for GDX, the senior gold miner ETF. For a while now, miners have been pulling back as the U.S. Dollar stabilizes a bit in the face of rising rate hike odds for the December Fed Meeting. Still, it...

05Oct4:52 pmEST

Stock Market Recap 10/05/17 {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...

05Oct3:46 pmEST

New Retail Leaders Are No Joke

While it may be enjoyable to poke fun at the notion of discount stores emerging as new retail leaders, the reality is that names like FIVE OLLI, even DG DLTR have all been acting notably well of late, ignoring the department store shellackings we saw with JCP JWN M, to boot. Regarding Five Below, the zoomed-out daily chart shows a strong...

05Oct1:16 pmEST

Tomato, Tomahto, Record, Rekkid

Headed into the heart of the afternoon portion of today's trading session it appears we have an old-fashioned melt-up making place in the Dow and S&P 500, and the small caps continue to drift up. Meanwhile, the Nasdaq's top 100 market-weighted ETF, QQQ, is just breaking out from a multi-month consolidation as Netflix shines on a price hike for...

05Oct10:44 amEST

Italy Plus Norway Equals Excellence

Crude oil is snapping back hard this morning, seen by strength the USO ETF, as are energy stocks housed in the XLE sector ETF. With the XLE pushing back over its 200-day moving average for the first time in a while as I write this, it is worth pointing out some names which are perhaps off the radar of most traders in America. Specifically, two...

04Oct3:54 pmEST

Stock Market Recap 10/04/17 {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...

04Oct3:52 pmEST

A Good Market to Stay Present

It strikes me that more and more market players, likely due to the social media effect, enjoy constantly making bold, directional calls about several markets and asset classes. But with the more bold predictions we see, the more anti-climactic the price action can often yield. Despite the senior averages flashing green, small caps will finally...

04Oct1:13 pmEST

Hack on the Bears' Back

The rotation threat continues to act as a thorn in the side of any near-term bear case, flying in the face of the notion that the extended market indices and plethora of individual stocks simply must lead to a sharp dip. Leaders like PCLN and TSLA, for example, seem to have staved off recent attacks by sellers to break them down for deeper...