Skirmishes and Small Rebellions

28Mar5:02 pmEST

Stock Market Recap 03/28/16 {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...

28Mar3:20 pmEST

The Forty-Six Year Old Virgin

Founded in 1970 by Sir Richard Branson, Virgin Group has its hands in many industries and has done quite well for itself. Today, Virgin America (VA) is shooting higher again on buyout talk, perhaps by JBLU. Airlines, as a group, have been remarkably resilient for a while now. Another name to watch for buyout talk may very well be ALK, Alaska...

28Mar12:52 pmEST

Wiener Schnitzer for Lunch to Ease the Holiday Hangover

The indices are fighting back to green into the New York lunch hour, as the morning selling proved to be fairly benign, once again. TSLA, for example, is regrouping after the inevitable pullback it saw last week following its very steep rally into March. Meanwhile, crude oil and precious metals/miners are taking a backseat to the upside...

28Mar11:00 amEST

Attack and Retreat

Despite a gap up at the open, followed by a jump in pending home sales, stocks are flipping back to red as I write this. Off of that opening bell gap, Members were keying off the IWM (ETF for the small cap stocks in the Russell 2000 Index, below on the 30-minute timeframe) to see if the $107.70 area would inflict the same type of resistance it...

27Mar3:56 pmEST

Weekend Overview and Analysis 03/27/16 {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...

26Mar8:53 pmEST

Saturday Night at Market Chess Cinemas

I just finished watching the first two seasons of Bosch , a television series produced by Amazon Studios. Based on three of Michael Connelly’s novels: City of Bones, Echo Park, and The Concrete Blonde, Bosch is incredibly impressive on many levels and is not your run-of-the-mill detective drama (of which there are plenty these days). Titus...

24Mar1:20 pmEST

Fighting the Good Fight Into Easter

While the gap down in equity markets this morning has not necessarily been overpowered buy bulls, the downside selling pressure remains less than stellar, with small caps fighting the good fight well off session lows. On the IWM (ETF for the Russell 2000 Index) 30-minute chart, below, note the small caps had led to the downside this morning but...

24Mar11:05 amEST

The Tesla Hudsucker Proxy

In what has been a fairly easy market to get chopped up, the chart for Tesla Motors remains a good way to make sense of the action over the past few weeks and months. TSLA is a momentum leader which suffered a sharp correction in January, then proceeded to rally more than 50% into March before pulling in the last few sessions. Clearly, TSLA...

23Mar4:54 pmEST

Stock Market Recap 03/23/16 {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...

23Mar3:42 pmEST

Skirmishes and Small Rebellions

Today's price action represented a few skirmishes or sorts (note the VIX ETFs finally catching a reprieve of sorts), though bears need to more aggressively seize back control of many parts of the market in the way of follow-through in the coming sessions in order to make this an all-out war. The semiconductors, for example, are finding some...