So Tall, They Might Just Be Short

18Aug10:49 amEST

Feel the Suspense Building

Although we are still working through the home stretch of the dog days of summer trading, the Fed Minutes (from the last FOMC) at 2pm EST today should give valuable insight as to how many voting members are actually onboard with a fairly imminent taper by the Central Bank. Furthermore, Jackson Hole is at the end of next week and can be...

17Aug3:53 pmEST

Little Shop of Horrors Back on Broadway

Quick note into the bell here on a day where recent market choppiness has given way to some near-term sogginess, the second largest holding by market cap in ARKK is currently Shopify, seen on its steep weekly chart, below. I mention this due to the hot-blooded feud rising to the surface between Cathie Wood and Michael Burry. Naturally, TSLA...

17Aug11:34 amEST

Endless Summer Sessions

More seeming endlessly grinding summer trading sessions, like today's, will still almost inevitably give way to higher volumes and more directional moves after Labor Day, despite how much it does not feel like it. To be sure, the table seems set for various high stakes showdowns, be it ARKK and Cathie Wood versus Michael Burry and his shorts...

16Aug4:29 pmEST

Stock Market Recap 08/16/21 {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...

16Aug10:02 amEST

There Are No Shotgun Trades

The last month or so of trading conditions have been as frustrating and grinding as I can recall, with the financial news media banging the drums on a daily basis about the Dow and S&P making one new marginal all-time high after the next (and AAPL COST MSFT NKE, etc.) even as small caps and transports noticeably lagged. In addition, more than a...

15Aug10:00 amEST

Weekend Overview and Analysis 08/15/21 {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...

13Aug9:55 amEST

Old Fashioned Capitulation

Noted short-seller Carson Block came out this week with an interesting take on his TSLA bias going forward. As you know, Tesla has been a hot-button stock/company/CEO for years on end, alternating between bear fantasies of going to the pink sheets versus periods of pure bull ecstasy where the stock functioned like a cute piggy bank dispensing...

12Aug4:09 pmEST

Stock Market Recap 08/12/21 {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...

12Aug12:14 pmEST

See No Volatility; Hear No Volatility

Amid a sudden surge of Fed heads seemingly competing to declare an imminent taper is necessary as soon as next month, markets are taking it all in stride in another docile late-summer trading session. With two weeks to go until the Jackson Hole Symposium, the VIX's ETF, VXX, is printing multi-year lows this morning. True, the actual VIX is...

11Aug10:59 amEST

So Tall, They Might Just Be Short

This remains a slow summer market, and while I recognize that equities look and feel like they will remain docile to whichever fiscal and monetary policies come their way for the foreseeable future it is worth remembering that boring summer markets have a knack for lulling us all into that precise sort of thinking. As we noted yesterday,...