Stock Market Recap 06/01/17 {Video}

06Jun10:42 amEST

Gold Miners Going the Beetlejuice Route

It appears as though the gold miners are trying to say "200-day moving average" three separate times this year in order to get the "showtime" they crave in the form of a sustained breakout higher. Since bottoming in early-2016, gold bugs enjoy an exhilarating rally (indeed the strongest one since 2011) into the heart of last summer. Since...

05Jun3:46 pmEST

Stock Market Recap 06/05/17 {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...

05Jun3:43 pmEST

Bears Lost These to the Summer Wind

Today's trading sessions certainly seems to be sponsored by the summer, what with the drifting, unfocused price action at-large. However, the fact remains that monster winners like SQ PYPL are tipping their hands as to just how strong they truly are, even if they are too extended to chase right here, right now. Beyond that, leaders like TSLA...

05Jun1:45 pmEST

It's All About the Benioffs

Summer trading is in full effect today, with the indices meandering slightly above and below the flatline for much of the action thus far. Below the surface, leaders like TSLA are faring well, as dip-buyers have showing confidence to step into weakness. Small caps are giving back some of last week's gains. However, the pullback can best be...

05Jun10:34 amEST

More Musical Chairs

The market appeared to shrug off yet another terrorist attack in England over the weekend via a mixed open among the major averages this morning. Extended and potential new leaders like PYPL and SQ are green as I write this, but the gist of the action is some mild consolidation early on. That said, marquee Nasdaq leaders like FB and GOOGL,...

03Jun1:41 pmEST

Weekend Overview and Analysis 06/04/17 {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...

03Jun1:27 pmEST

Saturday Night at Market Chess Cinemas

The Place Beyond the Pines (2012) is a risk-taking crime drama which dares to disappoint the audience in terms of defying conventional Hollywood plot elements and character development. Without giving too much away, director and co-writer Derek Cianfrance should be applauded for his efforts and ambition in this film, even if he errs on...

02Jun1:22 pmEST

Housing: Time to Let Bygones Be Bygones

Pursuant to the quotation above, it appears as though the homebuilders and indeed home construction sector at-large may have found something to love more than the bad habit of looking back at the housing bubble and shrugging off the notion of home ownership. And that would be the emerging theme of millennials buying starter homes. To be sure,...

02Jun10:56 amEST

Defeating an Obvious Narrative

The election of Republican Donald Trump as a vocal proponent of the Second Amendment last November seemed to dampen the mood for the firearms plays, namely RGR and AOBC (formerly Smith & Wesson). It seems obvious that RGR and SWHC (AOBC now) had thrived during the Obama years. However, a careful examination of both charts reveals they did...

01Jun3:47 pmEST

Stock Market Recap 06/01/17 {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...