Fighting Through It

26Aug3:25 pmEST

Old School Readers Will Know

First and foremost, that Clark Gable photo only comes out once per year, usually on my birthday. But since that is in the rear view mirror, I think me charting a rare "megaphone" pattern on the updated QQQ daily chart, first below, is worthy of a special photo for a special post. For those who have been following my work for over a decade, you...

26Aug11:26 amEST

Basic Glitch

An initial, "basic" glitch this morning sent the indices reversing lower abruptly as the Jackson Hole virtual symposium gets underway. However, looking at the updated IWM (ETF for the small cap-dominated Russell 2000 Index) daily chart, below, we cannot be surprised in the least that smalls ran into some "basic" resistance in the midpoint of...

25Aug4:59 pmEST

Stock Market Recap 08/25/21 {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...

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...