Enough of the Mushy Stuff

21Aug10:48 amEST

Headed South, Before Heading Out West

In front of the annual Jackson Hole Symposium at the end of this week, it is worth noting that the U.S. Dollar continues to operate in a strong, intermediate-term downtrend. On the UUP ETF daily chart, below, which is simply the Dollar versus a basket of developed-economy currencies, you can plainly see the pattern of lower highs and lower...

20Aug3:41 pmEST

Weekend Overview and Analysis 08/20/17 {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 mark Please click here for more...

19Aug10:18 pmEST

Saturday Night at Market Chess Cinemas

If want to talk about a prophetic film then consider about one which stars a mathematical genius who believes he can boil the stock market down to a basic code found in ancient holy scriptures. The HFT's and robots on Wall Street, no doubt, would be proud of this one. I was lucky enough to catch Pi (1998) on the big screen back when it was...

18Aug9:57 amEST

And Then We Woke Up to a William Devane Commercial...

Multi-quarter highs for the gold ETF this morning, as we may be seeing some front-running of concerns to come in the autumn months. Either way, gold bullion and her miners have been a beneficiary of the selling in equities of late. And we may have a new batch of shorts in the miners to propel them higher, as the GDX being red yesterday seemed...

17Aug4:57 pmEST

Stock Market Recap 08/17/17 {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...

17Aug1:04 pmEST

Citigroup's a Leader? Get it in Writing

The recent strength in most big banks has masked a few of the more concerning spots in the finance sector, namely the KRE (regional bank sector ETF) underperformance a well as the Well Fargo scandal and subsequent fallout. While JPM rally from June into July was impressive, the notion that Citigroup was the sector leader seemed tough to...

17Aug10:26 amEST

Late-Summer Bear Fun

After a sloppy open with an initial dip-buy attempt, equities are diving lower led by the small caps. For a while now, we have been tracking the IWM, ETF for the small cap-dominated Russell 2000 Index, not arbitrarily or to cherry-pick, but rather due to the glaring divergence they presented vis-à-vis the senior indices. That divergence...

16Aug4:31 pmEST

Stock Market Recap 08/16/17 {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...

16Aug1:10 pmEST

Come and Get Me, Copper

To piggyback my earlier blog post, within the materials complex we of course have the copper plays acting much better today. Freeport (FCX) is a widely-known name, but as one of our Members noted we also must keep tabs on the likes of SCCO and even HBM, two under-the-radar copper plays sporting sound technical patterns on daily timeframes and...

16Aug10:32 amEST

Enough of the Mushy Stuff

The indices continue to enjoy early-morning bounces this week, as futures traders seem content to buy 'em up overnight. Despite the third consecutive session with a moderately big bounce off the open, small caps in the IWM ETF for the Russell 2000 Index are far from convincing as a bull victory, as they linger just under $138 at the moment....