A Cliffhanger as the Yellen Era Ends

03Feb9:27 amEST

Saturday Night at Market Chess Cinemas

After the first truly rocky week in the market in a good while, I am sure many will appreciate a classic, all-American comedy starring Rodney Dangerfield. Back to School (1986) also features many familiar faces, such as Burt Young, Ned Beatty, Sam Kinison, and Robert Downey, Jr.. The plot centers around an uneducated, self-made millionaire...

02Feb1:36 pmEST

It's Adult Swim Now, Act Accordingly

Friday, September 8th, 2017, was the last time that the Dow Jones Industrial Average tested its 50-day simple moving average. You might want to let that sink in for a moment, since we know that bull markets can go on for over a year at times without a given index chart testing its 200-day moving average. However, the 50-day is much more of an...

02Feb10:34 amEST

Bears Must Take Away the Bulls' Most Powerful Offensive Weapon

Bill Belichick (pictured above when he was head coach of the Cleveland Browns in the 1990s) will try to win his sixth Super Bowl this Sunday evening in Minnesota as head coach of the New England Patriots against the Philadelphia Eagles. Belichick is, specifically, known for his astute defensive schemes and game plans tailored to a given...

01Feb3:47 pmEST

Stock Market Recap 02/01/18 {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...

01Feb3:44 pmEST

For Old Time's Sake, Let's Make it a Blockbuster Night

Between AAPL, AMZN, GOOGL, V, AMGN, and others, tonight is a full slate of blockbuster earnings which could easily add even more whipsaws to the ones we saw in the tape during today's session. I remain hedged inside Market Chess Subscription Services, with a few index shorts balancing out the rather tedious intraday fades and whipping around I...

01Feb1:25 pmEST

I Told You: I Ain't Got No Agua

I ain't got no agua , but I might have some other beverages from Mexico. Mexico, using the EWW country ETF as a proxy, below on its daily chart, has taken a backseat to the strength in emerging markets of late. To be sure, a tough-talking Trump has probably not helped the cause either, in terms of throwing cold water on investor sentiment as...

01Feb10:47 amEST

Have a Look at the Arena Before You Step Into the Super Bowl Dome

Arena Pharmaceuticals, Inc., a biotech with about a $1.5 billion market cap, has been consistently exuding relative strength in recent sessions amid a market full of whipsaws. Typically, we would expect a high beta biotech like ARNA to get hit worse than most during market dips or corrections, through no fault of its own since it is, after all,...

31Jan3:46 pmEST

Stock Market Recap 01/31/18 {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...

31Jan3:43 pmEST

Bitcoin Has 91 Problems But a Split Ain't One

After a run-of-the-mill 91-for-1 stock split took effect on Monday for the Bitcoin Investment Trust (GBTC, below on the its daily timeframe), an initial bounce ensued. However, that bounce is obviously long gone, as GBTC threatens to break down from what initially appeared to be a fairly standard consolidation pattern, highlighted in light...

31Jan1:09 pmEST

A Cliffhanger as the Yellen Era Ends

Janet Yellen, love or hate her policies, certainly will be remembered for being one of the more versatile Fed Chairs, probably through no fault of her own in terms of dealing with a changing global economic landscape compared to the Bernanke years. Either way, later this afternoon she will conduct her last policy meeting as head of the...