The Panic of 1893

31Oct10:44 amEST

Sometimes You Have to Fight on Halloween

I made a last-minute decision yesterday inside Market Chess Subscription Services to unload the rest of my VXX (volatility) long and dip a toe back in the equity waters, as bears seemed to have fumbled a bit one too many times for my taste in terms of truly washing out this market. More than anything else, corrective or bearish trends tend to...

30Oct4:34 pmEST

Stock Market Recap 10/30/18 {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...

30Oct3:28 pmEST

Breaking Down Barriers

Working our way through the final hour of trading leading up to Facebook earnings tonight, bulls have performed well today when their backs were against the wall as the SPY probed a $264 breakdown at several junctures. However, when it come to upside follow-through, we know bulls have fumbled many a time when the $267 upside level has been...

30Oct10:49 amEST

Manipulative Machinations

This market sure is putting on the moves to try and suck in every last speculator, as we all eagerly await more clarity on the issue of whether this tape is bottoming for even a respite from the downtrend, or instead is gearing up for a washout of epic proportions. What we do know is that the VIX is resisting collapse, staying noticeably firm...

29Oct4:29 pmEST

Stock Market Recap 10/29/18 {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...

29Oct3:49 pmEST

Operation: Live to Fight Another Day

Risk happens fast. Market like these show just how quickly precious, hard-fought gains can evaporate during corrections. While many insist on being heroes and bottom-fishing what is obviously a deepening correction with a distinct inability to hold bounces, the likely better strategy is to respect the open-strong/close-weak correction...

29Oct2:33 pmEST

The Reality of the Situation

As it turns, viewing both leaders like AMZN GOOGL NFLX and exhilarating M&A like the IBM for RHT deal today as potential knights in shining armour to help rescue bulls from a correcting market is a much tougher proposition than many had anticipated. Currently, all major indices are well off their morning highs, with the QQQ now down a stunning...

29Oct10:32 amEST

Outline of a Cold Autumn Market

A $34 billion IBM for RHT deal in software at a hefty premium seems to have helped propel another attempt at a relief rally in the broad market this morning. As I write this, most of the major averages are higher anywhere from 1.3% to 1.66%. Once again, the pertinent issue for us is whether bulls can hang onto these early gains, a fairly...

28Oct1:37 pmEST

Weekend Overview and Analysis 10/28/18 {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...

27Oct2:49 pmEST

The Panic of 1893

Consistent with human nature, when the market is in a smooth uptrend we tend to view historical crashes and depressions (or "Panics," as they were once known) as nearly-comical events of Wall Street yesteryear. The emotional disconnect to a bonafide crash and depression (let alone bear market or recession) is so wide during a present day bull...