Stock Market Recap 10/20/16 {Video}

25Oct10:44 amEST

Playing Without a Mouthguard

The sizable post-earnings gap down in Under Armour this morning decisively breaks the descending triangle pattern the stock had been forming for quite some time. We tracked the relative weakness in UA over the last few quarters, which piggybacked the general weakness in other consumer titans like DIS NKE SBUX, among others. Indeed, buyers in UA...

24Oct3:52 pmEST

Stock Market Recap 10/24/16 {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...

24Oct3:50 pmEST

Visa: It's Everywhere a Bull Market Wants to Be

Visa is the marquee firm reporting tonight after the bell. Judging from the monthly chart, below, it is likely going to be tough for bears to really wreck the type of havoc they want to on this market unless and until we see that steep multi-year trend begin to show fatigue. So, I am keying off the reaction in Visa not just tonight but also the...

24Oct1:19 pmEST

A Classic Look

It may seem as though the fade off the morning highs on the S&P 500 Index is a case of "here we go again!" But when we observe the 30-minute chart for the S&P's ETF, below, note the fairly orderly pullback (light blue lines) down to prior resistance (purple line). This presents an excellent test for dip-buyers the rest of the session to avoid...

24Oct10:51 amEST

Bank Bears Need to Hold On

In the face of more weakness in Treasuries this morning, regional banks are gapping higher, by and large. As TLT moves lower, rates edge higher, which can often benefit financials. While it is widely-known amongst market players and pundits that visible banking houses like GS and MS have been faring well lately, the regionals remain a bit of a...

22Oct7:38 pmEST

Weekend Overview and Analysis 10/23/16 {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...

22Oct12:55 amEST

Saturday Night at Market Chess Cinemas

Directed by the great Louis Malle, Atlantic City (1980) is unfortunately bound to be forgotten. Much like the saga and downfall of the actual Atlantic City, New Jersey, in terms of both gaming and the city itself, the film inevitably became overshadowed by other films set in gambling meccas. Case in point: Atlantic City is among the...

21Oct2:03 pmEST

Closing Thoughts 10/21/16 {Video}

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21Oct10:34 amEST

Creating Suspense

Despite gaps higher in Dow giants MCD and MSFT, not to mention a recent snapback rally in AXP, the rest of the market is floundering. That said, dip-buyers continue to put up a fight at 2130 on the S&P 500 Index to prevent a further sell-off. This type of a action further drives home the idea of a choppy range, perhaps lasting until Election...

20Oct3:49 pmEST

Stock Market Recap 10/20/16 {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...