Stock Market Recap 03/22/17 {Video}

27Mar10:51 amEST

Make My Pullback a Bearable Trip

For whichever reason, India seems to get lost in the shuffle among the allure of emerging markets. Typically, China, Brazil, even Russia get plenty of play among traders when their markets are hot. But the recent rally in India seems to be under-watched, if not outright under-appreciated. Inside Market Chess Subscription Services, we are all...

25Mar3:20 pmEST

Weekend Overview and Analysis 03/26/17 {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...

25Mar3:17 pmEST

Saturday Night at Market Chess Cinemas

Mutiny on the Bounty (1962) was on Turner Classic Movies earlier today. Watching the film again reminded me that it will probably be lost in the shuffle as one of Marlon Brando's more overlooked performances. But that is a shame, since it is not only a quality work in its own right but also details a fascinating real-life historical series...

24Mar1:47 pmEST

Towards the Horizon

Looking out to next week, Treasuries are coiling above the key $120 level here on the TLT ETF, seen on the daily chart, below. Should they break over the highlighted consolidation next week, it may give bears some ammunition to bring equities down some more in a standard "risk off" short-term environment. As for today, the action remains...

24Mar10:43 amEST

Skipping Rocks at Mirror Lake

Hours in front of a healthcare vote in Washington which has attracted much attention, markets are subdued. Indeed, the price action in the opening hour this morning has the feel of a summer Friday rather than the outset of the spring months. At any rate, we are looking to see if bulls can adequately hold the S&P 500 Index above the 2,350...

23Mar3:53 pmEST

Stock Market Recap 03/23/17 {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...

23Mar3:48 pmEST

What Size Market Pullback Would You Like?

I reckon bears will have them some of the bigguns. Today's market action was much more typical of a corrective tape, with cocky bulls early on cheering the morning bounce, followed by some abrupt selling in the afternoon and a fairly soft close. Bears still have plenty of work ahead of them, though, such as cracking IWM below $134 and seeing...

23Mar1:42 pmEST

Finally Ripe

After being the laughingstock of an underwhelming group of soft commodities, the mystical cocoa plant may finally be ripe to make some noise during the spring months. Using the thinly-traded ETN, NIB, below on the daily timeframe, as a rough proxy for the futures contracts, we can see cocoa putting in a more defined bottoming formation...

23Mar10:41 amEST

The Ones Which Hold on Are Keepers

La Jolla Pharmaceutical (LJPC) priced a 3.7 million common stock offering at $33.50/share this morning. But, as you can see below on the biopharmaceutical firm's daily chart, is the stock is absorbing the offering remarkably well. Generally, offerings are seen as dilutive to existing shares and thus short-term bearish. However, when a stock...

22Mar3:54 pmEST

Stock Market Recap 03/22/17 {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...