Citigroup's a Leader? Get it in Writing

22Aug1:29 pmEST

Sohu Says, "So, What?"

In front of what could easily be some fireworks later in the week, courtesy of Jackson Hole, we have a low volume but steady bounce holding firm as I write this in the broad market. Despite some sharp selling in China momentum names today, namely BZUN MOMO, a few winners like BABA BIDU SINA WB are more than holding up well. In addition, a...

22Aug10:46 amEST

Old-Fashioned is Getting Rusty These Days

Most things old-fashioned seem to be getting rusty these days, including the typical market warning signs of an imminent correction after an established, strong uptrend. Case in point: It is not just the small caps which have been flashing cautionary or even bright red blinking lights to the market bull case this summer, but also the rusty...

21Aug4:00 pmEST

Stock Market Recap 08/21/17 {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...

21Aug1:40 pmEST

Will Jackson Hole Make You Randgold, Baby? Will It?

Like most large cap gold miner charts, Randgold Resources, out of South Africa, has made steady technical progress this summer after several quarters of grinding, corrective action. However, as you can see on the GOLD daily timeframe, below, the jury is still out until we see another thrust higher for the precious complex. Jackson Hole at the...

21Aug10:48 amEST

Headed South, Before Heading Out West

In front of the annual Jackson Hole Symposium at the end of this week, it is worth noting that the U.S. Dollar continues to operate in a strong, intermediate-term downtrend. On the UUP ETF daily chart, below, which is simply the Dollar versus a basket of developed-economy currencies, you can plainly see the pattern of lower highs and lower...

20Aug3:41 pmEST

Weekend Overview and Analysis 08/20/17 {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...

19Aug10:18 pmEST

Saturday Night at Market Chess Cinemas

If want to talk about a prophetic film then consider about one which stars a mathematical genius who believes he can boil the stock market down to a basic code found in ancient holy scriptures. The HFT's and robots on Wall Street, no doubt, would be proud of this one. I was lucky enough to catch Pi (1998) on the big screen back when it was...

18Aug9:57 amEST

And Then We Woke Up to a William Devane Commercial...

Multi-quarter highs for the gold ETF this morning, as we may be seeing some front-running of concerns to come in the autumn months. Either way, gold bullion and her miners have been a beneficiary of the selling in equities of late. And we may have a new batch of shorts in the miners to propel them higher, as the GDX being red yesterday seemed...

17Aug4:57 pmEST

Stock Market Recap 08/17/17 {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...

17Aug1:04 pmEST

Citigroup's a Leader? Get it in Writing

The recent strength in most big banks has masked a few of the more concerning spots in the finance sector, namely the KRE (regional bank sector ETF) underperformance a well as the Well Fargo scandal and subsequent fallout. While JPM rally from June into July was impressive, the notion that Citigroup was the sector leader seemed tough to...