Daily Archives: June 6, 2021

Showing articles 1 - 4 (4 total)

07Jul4:49 pmEST

Stock Market Recap 07/07/15 {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...

07Jul3:25 pmEST

Now They Need Confirmation

An abundance of upside reversals across many sectors, including beaten-down and oversold energy names, gave rise to a spirited rally this afternoon.  Of course, all of the reversal "candlesticks" needs upside confirmation in order to amount to anything of substance, namely in names like CHK which have been in steep downtrend and are only now...

07Jul12:22 pmEST

Optical Illusions Taking Shape

Crude is reversing higher a bit here, from short-term very oversold conditions.  The issue is whether it is worth the trouble to consider trading crude from the long side. And when we observe the updated USO daily chart, a retail proxy for crude as it is the ETF, we can see a potential "hammer" reversal candlestick being printed today. Of...

07Jul10:14 amEST

It Just Ain't So

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." -Mark Twain One concept which we have been discussing frequently inside Market Chess Subscription Services has been to not assume support. Oftentimes in a bull market, it becomes commonplace to aggressively buy "support" and assume an...

 
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