Junk in the Trunk While Energy Rides Shotgun

14Nov10:49 amEST

Slaying the Final Dragon of 2017

Despite more than enough excuses for a deep correction, the senior averages have, by and large, had a remarkably benign grind higher for much of 2017. As we come down the home stretch of this calendar year, with holiday trading kicking off next week, the latest round of bearish reasons for a selloff seem to cluster around the tax reform debate...

13Nov5:04 pmEST

Stock Market Recap 11/13/17 {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...

13Nov1:22 pmEST

'Tis the Season

In addition to the strength in cocoa, using the NIB ETN as a proxy for the soft commodity, we now have sugar surging on heavy buy volume the last two sessions. Using SGG as a proxy, below on the daily chart, the bottom pane illustrates the strength of late. Clearly, SGG is not as far along technically as NIB, with the latter back over all...

13Nov11:04 amEST

GE Needs to Bring Its Chart to Life

For a good while now, one of the more notable dogs of the Dow has been General Electric. GE was a dominant market bellwether at one point, but as life shows us all the only permanence is impermanence. Thus, GE is has become irrelevant on some level, a firm which could have easily gone the way of Lehman Brothers back in 2008 if not for them...

11Nov8:02 pmEST

Weekend Overview and Analysis 11/12/17 {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...

11Nov8:00 pmEST

Saturday Night at Market Chess Cinemas

Clive Owen in Croupier (1998) transcends the cliché about a writer writing a movie about a writer looking for ideas about which to write. I have spent plenty of time in casinos myself, and Owen’s performance hits home as authentic. I was also impressed at how realistic the film portrays gamblers, dealers, and the general day-to-day ongoings...

10Nov1:10 pmEST

Elements of Noir to the Bitcoin Trade

Although I am sure many would choose "horror," "action," or perhaps "comedy," my choice for choosing Bitcoin's genre would probably be film noir, complete with dark shadows and shady characters. Using GBTC as a rough proxy, below on the daily chart, if you replace GBTC with a ticker like MU, or some other high-flying tech firm, you can plainly...

10Nov10:22 amEST

Crocs and Garmin: When Times Were Simpler

Allowing for a bit of nostalgia on this cold November Friday leading up to Veterans Day, the cyclical bull market seen last decade from 2003 until 2007 was a rather enjoyable time. It was a time most equities' traders had not the slightest of what the phases "Credit Default Swaps," or "Mortgage Backed Securities" meant, pre-financial crisis....

09Nov5:15 pmEST

Stock Market Recap 11/09/17 {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...

09Nov2:28 pmEST

Junk in the Trunk While Energy Rides Shotgun

The glaring weakness in high yield corporate paper is getting plenty of attention as this week unfolds, using HYG JNK as proxies. Typically, the type of heavy and steady selling we have seen with high yield corporates and junk bonds often spells trouble for debt-ridden energy firms. However, with XPO, one of the higher beta sector ETFs related...