Perception Matters; But Facts Are Facts

15Aug3:50 pmEST

Stock Market Recap 08/15/17 {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...

15Aug1:28 pmEST

An Island Hopping Campaign in the Biotech Theater

The healthcare and biotechnology complex has mostly experienced plenty of fits-and-starts this summer, with upside momentum blunted, especially in late-July. However, some of the more prominent bios, like AMGN BIIB CELG GILD REGN, have not exactly crashed and burned, ether. Instead, plenty of the top IBB holdings are flashing signs of simply...

15Aug10:41 amEST

Bears Need to Focus on the North Korea Rebound

In light of some selling last week, bulls answered the bell yesterday for the most part with a snapback rally which did not fade into the afternoon portion of the session. Beyond that, news hit the wires last night that North Korea was backing off its aggressive saber-rattling of late, which saw the precious metals get slammed overnight and...

14Aug3:50 pmEST

Stock Market Recap 08/14/17 {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...

14Aug3:47 pmEST

Energy Above Water, Energy Below

Bulls seized the moment today for a snapback rally. However, looking through the major index charts it is perhaps a tad early to declare the recent selling to be fully in the rear-view mirror. Home Depot earnings (and plenty of other retailers) tomorrow morning before the bell may very well set the tone for the open tomorrow. But what has my...

14Aug1:39 pmEST

Artful Deception

The owner of the LaCroix beverage brand, FIZZ, seen below on the updated daily chart, continues to coil for another potential short squeeze higher. The name is rather heavily-shorted and has essentially ignored the recent market selling action. Note how strong the chart is here, as the basing action above all major moving averages looks ripe...

14Aug10:34 amEST

Rough Topography

A Monday morning opening gap higher may very well excite buyers from late-last week, but as far as some of the major index charts are concerned the action is becoming rather sloppy. In prior instances during this bull run, however, we know that sloppy charts do not necessarily equate to a market top on the indices. Thus, the burden of proof...

13Aug5:36 pmEST

Weekend Overview and Analysis 08/13/17 {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...

12Aug3:22 pmEST

Saturday Night at Market Chess Cinemas

Back in March, I gave a glowing review for the inaugural season of the Italian crime-drama series, Gomorrah . The show premiered in 2014 and is based on the book of the same name by Roberto Saviano. It is set in the suburbs of Naples, Italy, focusing on organized crime and the impact of drugs on all people in the rough and tumble city...

11Aug1:11 pmEST

Perception Matters; But Facts Are Facts

We have a Nasdaq-led market bounce going today, though small caps are slightly red and gold and Treasuries are both green as I write this. Thus, the rally is not likely to scare too many bears into the weekend if we finish where we are currently trading. Of course, these types of market scenarios bring out the usual arguments, with bulls...