Revenge Weather in Shortville...

18Apr10:49 amEST

Clear the Tracks

It has been a particularly frustrating five months or so for those expecting an imminent directional move in Treasuries. TLT, below on the daily timeframe, is a rough proxy as an ETF. But it does indeed illustrate the point that bonds have been flopping around like a fish out of water since November 2016. But with TLT breaching $122 in recent...

17Apr3:51 pmEST

Stock Market Recap 04/17/17 {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...

17Apr3:48 pmEST

Netflix Auction: A Feeling That Something Isn't Right

With social and financial media buzzing contrarian talk for Netflix earnings tonight setting up to disappoint, I am reminded of the above clip from the great BBC show, "Peaky Blinders" which NFLX picked up for its first several seasons. Clearly, Netflix is a major market growth leader. However, it is not necessarily true that even if NFLX...

17Apr1:41 pmEST

Two Losers No More

We have a grinding bounce in the broad market still playing out early this afternoon, with bears likely looking for a Netflix earnings dump tonight to ignite a rollover now. Still, it is hard not to consider the potential for another stunning V-shaped bounce back to fresh highs as a possibility, given this market's legendary resilience for...

17Apr10:37 amEST

The Next Season

The interval after the long Easter weekend until Memorial Day typically involves plenty of "Sell in May and go away" quotes, headlines, analysis, contrarian cases, and plenty of other assorted goodies. Either way, this year the post-Easter trading period kicks off in the heart of earnings season. Netflix reports tonight after the bell, a major...

15Apr11:51 pmEST

Weekend Overview and Analysis 04/16/17 {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 markets. Please click here for more...

15Apr11:49 pmEST

Saturday Night at Market Chess Cinemas

Ben-Hur (1959), starring Charlton Heston, was recently remade in 2016. While the remake is serviceable, nothing can quite capture the drama of the exhilarating and famous chariot race sequence captured in the original film. This is also a great Easter film to watch with the family this weekend. via imdb.com: When a Jewish prince is betrayed...

13Apr11:02 amEST

A Spring Stalemate

Given the confluence of many factors, including all markets closed tomorrow for Good Friday coupled with schools around the country on spring recess this entire week, this is actually one of the slower weeks of the year for stocks. On the first weekly chart, below, the bottom pane showing weekly volume for the QQQ (ETF for the top 100 Nasdaq...

12Apr3:49 pmEST

Stock Market Recap 04/12/17 {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...

12Apr3:46 pmEST

Revenge Weather in Shortville...

It may very well prove to be the pause that refreshes, but this Tesla move lower today is likely keeping newcomer momentum longs honest, at a minimum. The recent breakout for TSLA has been met with plenty of attention from the media and traders alike, which means some shaking and baking is to be expected before we find out if the upside move...