Say, Something Sure Smells Rotten, Fella

14Aug10:34 amEST

Rough Topography

A Monday morning opening gap higher may very well excite buyers from late-last week, but as far as some of the major index charts are concerned the action is becoming rather sloppy. In prior instances during this bull run, however, we know that sloppy charts do not necessarily equate to a market top on the indices. Thus, the burden of proof...

13Aug5:36 pmEST

Weekend Overview and Analysis 08/13/17 {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...

12Aug3:22 pmEST

Saturday Night at Market Chess Cinemas

Back in March, I gave a glowing review for the inaugural season of the Italian crime-drama series, Gomorrah . The show premiered in 2014 and is based on the book of the same name by Roberto Saviano. It is set in the suburbs of Naples, Italy, focusing on organized crime and the impact of drugs on all people in the rough and tumble city...

11Aug1:11 pmEST

Perception Matters; But Facts Are Facts

We have a Nasdaq-led market bounce going today, though small caps are slightly red and gold and Treasuries are both green as I write this. Thus, the rally is not likely to scare too many bears into the weekend if we finish where we are currently trading. Of course, these types of market scenarios bring out the usual arguments, with bulls...

10Aug4:57 pmEST

Stock Market Recap 08/10/17 {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...

10Aug3:43 pmEST

Great Expectations

Dip-buyers were soundly stuffed for virtually all of today's session, the first time the have seen that happens on this type of level in quite some time. And yet expectations remain high for bulls. You still get the sense that an abrupt rally can materialize at any moment and take us back to new highs, rather quickly, effectively trapping a new...

10Aug10:39 amEST

Korean Barbecued Momentum...Or Did It?

(North and South Korea border, pictured above) The easiest excuse for this selloff would be the geopolitical headlines we saw earlier in the week, coinciding with the downside reversal in stocks on Tuesday. Since then, talk of North Korea has largely dominated headlines, and stocks have seen meek bounce attempts. Indeed, this morning's weak...

09Aug4:50 pmEST

Stock Market Recap 08/09/17 {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...

09Aug1:04 pmEST

Oh, Those Sneaky Canadian Loan Sharks!

Beyond the standard tickers plenty of traders focus on, inside Market Chess Subscription Services we like to put in the work to ferret out some under-the-radar plays. Note that we do this for a variety of sectors and even asset classes. Thus, with the strength in the precious mining complex today, likely part of a rush to safety one the last...

09Aug10:50 amEST

Say, Something Sure Smells Rotten, Fella

Before yesterday morning's sharp upside reversal (which eventually gave way to a heavy afternoon fade) we presented Members with the following daily chart for the small cap ETF illustrating (in light blue) a bear flag pattern around the key $140 level. A bear flag is a continuation pattern which presumes the prior weakness will resume after a...