Monthly Archives: April 2019

30Apr2:55 pmEST

Ready for Another Round?

Bulls are doing their best to shake off the ugly GOOGL selling today, although as I noted this morning when you put the Alphabet selloff into context of the overall chart it is tough to argue that the stock is crashing or dead in the water.  Still, a heavy sell program this morning definitely rattled bulls on an intraday basis, and as we head...

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30Apr11:54 amEST

Battling the Elements

On this final day of April we are already getting a potential sneak preview of the "Sell in May and go away" Wall Street phenomenon. Indeed, you can be sure that if we close poorly today many market players and pundits will have that old axiom on the tips of their tongues when the calendar flips tomorrow.  However, as we see the Nasdaq sell off...

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29Apr3:06 pmEST

Banking on It {Video}

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29Apr11:06 amEST

Homemade BlackBerry Wine

I am long BlackBerry for a swing trade with an $8.70 protective stop-loss. BB is a firm I have been tracking for a while now more than actually trading, as long-term turnarounds can be rather tedious and, ultimately, choppy to trade.  However, if and when the market deems the turnaround a success the stock can often rapidly morph into a...

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28Apr11:19 amEST

Weekend Overview and Analysis 04/28/19 {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...

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27Apr10:22 pmEST

Saturday Night at Market Chess Cinemas

I had originally blown off watching  Shutter Island (2010) for a good many years, as I had surmised from the previews that the film would be an exploitative adaptation of ‎Dennis Lehane's fine novel of the same name. In other words, I erroneously inferred from the previews, and then reviews, that the film essentially devolved into lead actor...

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26Apr11:13 amEST

A Far Cry from the Pony Express

One of the more fascinating ETFs to track in the coming quarters is the IPAY, focused on mobile payments plays. The ETF's prospectus notes that its mission statement, essentially, is to capitalizes on the shift from credit card and cash transactions to digital and electronic. There are several interesting ways to play this theme, with prominent...

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25Apr5:08 pmEST

Stock Market Recap 04/25/19 {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...

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25Apr2:59 pmEST

Enjoy the Ride

The price swings we are seeing in the IWM, ETF for the small cap-dominated Russell 2000 Index, seem improbable compared to the silky-smooth daily charts for the QQQ and SPY. And, yet, the roller coaster is a reality of the current market for small caps, with day-to-day (and oftentimes intraday) indecision reigning supreme.  In times like these,...

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25Apr10:38 amEST

Mmm. Mmm...Bad!

3M Company (MMM), a diversified holdings company and Dow Jones Industrial Average component, is weighing heavily on the Dow this morning after selling off more than 10%, post-earnings. As I write this, the Dow is trading lower by roughly 1%, while the small caps are quietly lower by more than 1.3%. However, tech is flashing signs of relative...

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