Tough to Cook Up Much with These Bittersweet Chips

20Aug5:05 pmEST

Stock Market Recap 08/20/15 {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...

20Aug3:18 pmEST

We Got This Rat...

Disney, otherwise known as, "The House of Mouse," is finally seeing its share price buckle after an abnormally-steep bull run since at least 2011. To be sure, timeframe means everything. If you are holding Disney for decades, or at least another 3-5 years, then that is one thing. But for traders and even shorter-term investors (6-18 months),...

20Aug12:43 pmEST

Beware the Check-Raise

For a while now, the well-known theme of this market has been that much of the slowing upside momentum and even carnage in select sectors has been masked by pristine charts in leading, glamorous issues, such as AMZN CMG FB GOOGL NFLX PCLN UA, etc.. The conventional wisdom of the current bull market suggests that these leaders are telling the...

20Aug10:23 amEST

Defensive-Minded Coaching

The S&P 500 Index just flipped red on the year, with latest phase of the multi-year bull run mired in a bonafide quagmire. With the exception of the mid-cap index, all major indices are currently pushing oversold conditions. But if we are, in fact headed towards a major breakdown then that should not matter much---We would just ignore the...

19Aug4:56 pmEST

Stock Market Recap 08/19/15 {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...

19Aug3:11 pmEST

On Edge Into the Final Hour

Even the strongest breakout plays, such as MBLY, are not sticking as you would expect them to in a trending market. While GOOGL and other leading issues are hanging in there, the market remains suspect for a late-day fade. On the whole, the action has been whipping around today and I am focused on not forcing in new traders. Crude and energy...

19Aug12:03 pmEST

This is Really Going to Hurt

Crude oil is back at it again today with its swoon, along with energy stocks--And major ones at that, such as SLB. I day-traded crude on the long side quickly yesterday, inside Market Chess Subscription Services , but had virtually no intention of swinging it overnight due to the continued risk in the complex. And when I say risk, I am...

19Aug10:34 amEST

Catching a Whiff of Higher Rates

While it still may be premature to look for the 10-year to move back over 3% anytime soon, it is noteworthy to see yields rising today along with falling equity prices. One of the proxies we are observing for trade ideas and for a general view of rates is the action in the commercial real estate stocks in the IYR, ETF for the REITs. REITs are...

18Aug4:48 pmEST

Stock Market Recap 08/18/15 {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...

18Aug3:13 pmEST

Tough to Cook Up Much with These Bittersweet Chips

Another part of the market bulls likely need to conquer in order to see another run towards fresh highs, in addition to the small caps in the Russell 2000 lagging again, would be the semiconductors. For a while now, the semis have been unraveling after leading for quarter on end. Their recent weakness has largely been ignored by the tape, as...