Daily Archives: August 8, 2022

Showing articles 1 - 7 (7 total)

14Apr5:16 pmEST

Stock Market Recap 04/14/15 {Video}

Please Note: Market Chess Subscription Services Will Launch This Thursday Night, April 16th, with a One-Time Discount for the First Sign-Ups. More Details Here The following video contains coverage of relevant broad market issues (for equities) in addition to plenty of actionable trading ideas across other asset classes. Feel free to...

14Apr3:43 pmEST

A Key to Deep Sea Diving in the Commodities Ocean

With promising action in energy, steels, even coals, and many other materials names today, save precious miners, the U.S. Dollar is still likely to be a key piece of the puzzle as to whether the commodities and materials' rally has legs from current levels. On the updated UUP, ETF for the Dollar, daily chart, below, note how the greenback came...

14Apr2:55 pmEST

Analyzing the Basic Box

The chart for Basic Energy Services is one we have observed periodically. And it may very well be worth a closer look here not only on its own merits, but perhaps as a means to extrapolate the technical setup to the rest of the energy sector.  On the updated daily chart, below, note that price is threatening to break up and out of the rectangle...

14Apr2:02 pmEST

Still Have Bibimbap on My Mind

If the steels can sustain today's rally, I am still looking at premier Asian steelmaker POSCO (PKX) as a bottom-fishing long idea.  Charlie Munger once called POSCO the best run steel firm in the world. And with the share rally in China markets of late it is hard not to at least take a look at this one.  On the daily chart, below, you can see...

14Apr12:44 pmEST

Going to Need to Fight Hard for These Levels

In addition to the $62 level on biotechnology stock JUNO as being the upside trigger to clear, ESPR is needing to leave $105 in the dust. On the updated daily chart, below, note the narrowing formation in an uptrend. Still, patience is important in waiting for another setup--Just note how playing JUNO with precision has been key in recent...

14Apr11:47 amEST

Going Long Steel; Chess Moves

I went long X at $25.40 with a protective stop-loss below $24.  Steel stocks are acting well this morning, and X looks ripe to squeeze the many shorts in the float. More on the steels in a bit.  

14Apr11:09 amEST

John Pierpoint Morgan Versus Henry Wells

In addition to Berkshire Hathaway, JPM and WFC represent the top three holdings by weight in the XLF, financial sector ETF. After earnings the morning, JPM is moving higher out of tis recent consolidation, albeit off the morning highs, while WFC could easily be breaking down, seen respectively on their daily charts, below.  At issue is whether...

 
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