Weekend Overview and Analysis 06/07/20 {Video}

12Jun11:46 amEST

Ready to Strike

Earlier today I charted a very near-term (5-minute) chart for the small cap stocks in the IWM ETF for Members and also on the main Twitter feed to illustrate the threat of the IWM filling it gap below after a big opening pop. Not long after, the IWM did indeed fill that gap to $135.79. However, as I write this buyers are doing their usual...

11Jun2:45 pmEST

A GDP Play, Socially-Distant or Not

While I am well aware that consumers are capable of running up charges on their Visa cards even in a socially-distant new world, the reality is that as a new Stimulus Bill remains in limbo and states like New Jersey are about a month away from a full-blown reopening, the notion of Visa's one-way rally since 2011 persisting seems a bit too...

11Jun10:45 amEST

Open for Business; Customers a Different Story

As we saw with this morning's jobless claims it may be a bit presumptuous to declare that unemployment has already peaked for this cycle. Even as businesses reopen across the country, therefore, the issue of whether consumers are in a full-blown spending mood after some initial pent-up demand to celebrate life and summer remains to be seen. So...

10Jun4:43 pmEST

Stock Market Recap 06/10/20 {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...

10Jun10:51 amEST

Sending The Fed Into Summer

While it is true that there is a scheduled FOMC for late-July, in general the June Fed Meeting (with the announcement at 2pm EST later today) sets the monetary policy tone for markets throughout the summer until Jackson Hole at the end of summer. As The Fed presumably takes a few victory laps today for the recovery in risk assets, liquidity in...

09Jun4:08 pmEST

Stock Market Recap 06/09/20 {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...

09Jun10:54 amEST

I Like My Coffee Like I Like My Bankruptcies...

...freshly-made and ready to provide a nice boost (or something like that). With the likes of CHK HTZ up many times over in recent sessions off their bankruptcy claims, it seems like a sign of the times and the fiat currency-is-confetti vibe The Fed has given off during times of crisis especially that has now reverberated down to many retail...

08Jun4:25 pmEST

Stock Market Recap 06/08/20 {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...

08Jun11:50 amEST

Cheap, Sweet Drugs

Kellogg Company (K), practically embodying the definition of a consumer staple housed in the XLP sector ETF, is a global food company known primarily for its iconic boxed cereal brands (the company also owns Cheez-It, Pringles and Eggo waffles to compliment its cereals). With the extra $600 in weekly unemployment benefits currently still set...

07Jun10:31 amEST

Weekend Overview and Analysis 06/07/20 {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...