It was Supposed to Be a Non-Judgmental Fed Intervention!

01Mar12:54 pmEST

Midday Analysis 03/01/18 {Video}

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01Mar10:33 amEST

The Main Event for Late-Winter

The market sure seems to be coming in to March like a lion this morning, insofar as keeping traders' guards up as to where we break next. There are plenty of headlines swirling this morning, be it the expected Trump Tariffs, new Fed Chair Powell's comments, and a host of earnings reports still coming in like cloud winner CRM up 3.3% this...

28Feb3:28 pmEST

Stock Market Recap 02/28/18 {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...

28Feb3:25 pmEST

This Market Has a Napoleon Complex

Although it is true that the Nasdaq stocks housed in the QQQ are actually still green as I write this, the truth of the matter is that the small caps in the Russell 2000 Index (or IWM ETF) are displaying such ostentatious price action as to demand our attention on a daily chart more closely than usual. The reason why the little guys command our...

28Feb1:16 pmEST

Golf's Comeback: A Good Walk, and Downtrend, Spoiled

Callaway Golf (ELY) is a much more focused way to play the resurgence of golf's popularity these days, largely tied to Tiger Woods, especially compared to Dick's Sporting Goods, which is suddenly in the news as a political hot-button issue. Tiger will be on full display in April at The Masters Tournament in Augusta, Georgia (a tradition unlike...

28Feb10:26 amEST

Three-Card Monte Market

At least on some level, the selling we saw throughout yesterday's session now seems to be the market's way of expressing dismay with the new Fed Chair's grilling by Congress. But even if yesterday was a mere shakeout, bulls are answering the bell once again this morning in terms of calming thing down after what was an ugly close. If nothing...

27Feb3:43 pmEST

Stock Market Recap 02/27/18 {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...

27Feb3:42 pmEST

Double Dare to Call a Double Top

All things consider, double-tops and double-bottoms tend to be vastly overrated chart patterns, as they are usually identified by traders well in advance of them being close to confirmed reversal formations. As a result, they are often nothing more than an academic exercise, at best, or a distraction and exercise in futility or even portfolio...

27Feb1:52 pmEST

Here's How to Tell if Macy's Truly Survived the Rough Retail Seas

Despite having its back against the wall for a while now, a fair amount of iconic but seemingly on-their-way-out retail brand names, like Macy's, seem to be inclined to put up rather than shut up (and shut their doors) for now. To be fair, a plethora of bullish factors aligned to help retailers are putting many in a position where they should...

27Feb10:08 amEST

It was Supposed to Be a Non-Judgmental Fed Intervention!

After all of these years since The Fed stepped in as a more active market participant than at any point in its history, markets remain sensitive to any and all things uttered by Fed heads and, especially, new Fed Chairman, Jerome Powell. Chair Powell is holding his ground early on, assuring markets that some volatility will not spook him from g...