The Blueprint for This Market

Inside Market Chess Subscription Services, we have been focused on keeping a tight leash on all positions, long or short, commodities or fixed income, in this choppy market for a while now. Note how that approach stands in stark contrast to the emotional roller coaster which is so commonplace these days in Twitter Finance, with plenty of bold calls for either an imminent breakout to new highs, or a bonafide crash at any given moment (oftentimes commingled within the same trading session).

Indeed, staying tactical in this type of market is key, for there will certainly be other types of markets in the future where having more conviction is likely to be correct and profitable, with less risk to boot.

In addition, we have been ferreting out under-the-radar ideas, such as Blueprint Medicines, a new issue in the biotechnology. Several members took this long idea, one we have been looking at along with GLPG in recent weeks, and are doing quite well today. As you can see on the daily chart, below, the stock is outperforming the market by a sizable amount today, and may be threatening a sustained breakout if it can clear $32.80.