Holiday Liquidity Sloshing Around

01Jan2:45 pmEST

Sunday Matinée at Market Chess Cinemas

With the new year upon us, I am looking forward to the sequel to Trainspotting (1996), some twenty-plus years later after the original was released. The film stars Ewan McGregor, Ewen Bremner, Jonny Lee Miller. Since its release, Director Danny Boyle has enjoyed a wealth of fame. And it looks like the band is still intact for the sequel,...

30Dec9:40 amEST

Here's to Closing Out 2016 the Way We Will Approach 2017

Adopting and adhering to a positive mindset, while also vigilantly managing risk, is a tough combination to pull off in all forms of speculation. And when you factor in social media at the cross-section of finance, it is easy to get dragged down in the misery of others who let negativity get the best of them. After all, as they say, misery...

29Dec1:08 pmEST

Out on a Limb But Not Breaking

It has been quite a steep multi-month correction for precious metals and their derivative miners. In fact, the selling at times has been so unforgiving that it is understandable how many market players and pundits would abandon the hope for a new bull run which was so prevalent earlier this year. Nonetheless, the case for a new gold and silver...

29Dec10:53 amEST

Married to a Thesis, Within Reason

For a while now, we have been looking for the multi-decade bond bull to continue to show more signs of coming to an end. Recently, the price action has begun to confirm that thesis in a more pronounce way. Still, there is much more work to do; namely we need to see rates on the 10-year surge at least back over 3%. In the meantime, TLT became...

28Dec4:12 pmEST

Stock Market Recap 12/28/16 {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...

28Dec3:47 pmEST

Grandma Got Run Over by a Reindeer

Today's selling is sure to give bears a good deal of material. Indeed, a failure for a sustained "Santa Rally" to take place after Christmas until early-january aligns with one of those old Wall Street axioms: "If Santa Claus fails to call, bears may come to Broad & Wall," which mean if the last five trading days of the current year (2016) and...

28Dec10:55 amEST

Keeping the Holiday Chips Honest

The semiconductors, led by star NVIDIA Corporation, have undoubtedly been a key contributor to the bull case for a good while now. Yesterday's launch in NVDA gave rise to a ballyhoo regarding how foolish bears were for trying to short the name and how potent the name truly was. Even this morning at the open, too, saw NVDA make fresh highs. But...

27Dec4:09 pmEST

Stock Market Recap 12/27/16 {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...

27Dec3:42 pmEST

What is a Ho-Ho-Ho

The Santa rally is kicking off with a drifting move higher today. The Dow is not at 20,000, but that is not making life any easier for bears who have yet to throw in the towel on their thesis. I am looking to see if the precious miners can sustain today's bounce, too, beyond a mere one-off move. Indeed, doing so will be a bit of a change in...

27Dec10:52 amEST

Holiday Liquidity Sloshing Around

Volumes are expectedly light into the end of 2016, with plenty of fund managers and traders gone until at least the first week in January. As such, some small cap names become even more prone to wild intraday moves with a general lack of liquidity. One issue which causes none of those concerns is Alphabet, below on the daily chart. While it...