Merrie Olde England

18Sep4:53 pmEST

Stock Market Recap 09/18/17 {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...

18Sep3:37 pmEST

Rules for the Range: I'll Be Right Back!

Some afternoon selling in the Nasdaq sees the QQQ ETF, update below on the 30-minute chart, quickly move down to the bottom end of what is a fairly tight range over the last week or so. The range illustrates just as quickly as we see the top end, price is right back down to probe the bottom end. The top end of the range also stretches back to...

18Sep1:31 pmEST

Surviving the Fall

After an energetic open to the upside, stocks are mostly drifting sideways-to-slighty-down into the daly afternoon portion of the session. Even though trimming partial profits on longs makes sense, it remains difficult to step in front of this market on the short side, especially with the FOMC coming up later this week. Turning to the steel...

18Sep10:50 amEST

Virtual Reality is Great But Let's Remember the Real Thing

NVIDIA is gapping up once again this morning as upgrades continue to pour in. Beyond that, the stock is now on the tip of everyone's tongue, what with its virtual reality technology coupled with a ferocious if not steep long-term uptrend. Given how popular the name has become, I took the opportunity off the opening bell to lock in some profits...

17Sep10:25 amEST

Weekend Overview and Analysis 09/17/17 {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...

17Sep12:57 amEST

Saturday Night at Market Chess Cinemas

If you are in the mood for a well-acted, dark comedy which practically defines what the word " risqué" means, then Secretary (2002) is certainly worth a viewing. James Spader, one of my favorite actors, stars as an overbearing lawyer towards his emotionally vulnerable secretary Maggie Gyllenhaal. The two soon cross over the line from...

15Sep1:54 pmEST

No Way, Jose!

The latest update on Tropical Storm Jose from the National Hurricane Center can be visually absorbed from their graphic, above, and see in full here . It has obviously been a busy season, any way you slice it. And if Jose does strengthen to do some damage along the eastern seaboard of America in the next week or so, we want to have some...

15Sep10:42 amEST

Don't Arbitrage at Arby's

Instead of Arby's (partly owned by Wendy's), head on over to Yum! Brands, Inc. for a tastier version of "arbitrage." Specifically, for Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, the U.S. stores are slipping today (first daily chart, below, for YUM), while the China version of the YUM (ticker YUMC, second daily chart, below) is...

14Sep4:36 pmEST

Stock Market Recap 09/14/17 {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...

14Sep3:47 pmEST

Merrie Olde England

It has been a while since we update the British Pound Sterling analysis. But long-time readers will recall we continue to look for a bottom here, given the technicals, in part, of the FXB (ETF for the Sterling versus a basket of developed economy currencies). On the FXB weekly chart, below, the Pound has done an admirable job of moving to its...