Tough to Invent a Better Setup

15Apr11:51 pmEST

Weekend Overview and Analysis 04/16/17 {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 markets. Please click here for more...

15Apr11:49 pmEST

Saturday Night at Market Chess Cinemas

Ben-Hur (1959), starring Charlton Heston, was recently remade in 2016. While the remake is serviceable, nothing can quite capture the drama of the exhilarating and famous chariot race sequence captured in the original film. This is also a great Easter film to watch with the family this weekend. via imdb.com: When a Jewish prince is betrayed...

13Apr11:02 amEST

A Spring Stalemate

Given the confluence of many factors, including all markets closed tomorrow for Good Friday coupled with schools around the country on spring recess this entire week, this is actually one of the slower weeks of the year for stocks. On the first weekly chart, below, the bottom pane showing weekly volume for the QQQ (ETF for the top 100 Nasdaq...

12Apr3:49 pmEST

Stock Market Recap 04/12/17 {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...

12Apr3:46 pmEST

Revenge Weather in Shortville...

It may very well prove to be the pause that refreshes, but this Tesla move lower today is likely keeping newcomer momentum longs honest, at a minimum. The recent breakout for TSLA has been met with plenty of attention from the media and traders alike, which means some shaking and baking is to be expected before we find out if the upside move...

12Apr1:39 pmEST

Easter Pullback Recipe Calls for Bittersweet Chips

Recent blog posts have centered around the significance of the semiconductors, clear leaders of this market's resilience on the way higher for months, quarters, even years of end. True, Qualcomm has been glaringly weak for a while now, a recurring short idea and trade for us inside Market Chess Subscription Services. But we did not want to...

12Apr10:32 amEST

Winter's Over: Time to Break Up and Play the Field

As one of our Members, Tyler, astutely pointed out this morning, the weekly chart for Match Group, Inc., makes the strong price action over the last two weeks all the more intriguing on the long side. Match Group was a spin-off from IAC and is the owner of dating apps such as Tinder, not to mention popular dating websites like OurTime,...

11Apr3:53 pmEST

Stock Market Recap 04/11/17 {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...

11Apr3:49 pmEST

The Best Time to Buy Airlines is When There's Blood in the Aisles

In front of Delta Airlines reporting earnings tomorrow morning, and against the backdrop of United Airlines' terrible publicity, two of the relatively smaller cap airlines are acting well. Both JetBlue, which we looked at last week, and now Southwest Airlines, make logical buyout targets for a big name like Berkshire Hathaway who already owns...

11Apr1:38 pmEST

Tough to Invent a Better Setup

If you are looking for a clean bearish setup, not even Thomas Edison (colorized pictured above, enjoying a vacation) could invent one like we have on the QQQ 30-minute chart, below. But therein lies the rub. For years now, those "textbook" bearish setups seemed too obvious to work, as many theories float about how markets have changed and the...