Monthly Archives: June 2019

30Jun11:51 amEST

Weekend Overview and Analysis 06/30/19 {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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28Jun11:18 amEST

BLOK or Charge? 06/28/19 {Video}

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27Jun10:53 amEST

Back Up to the Surface

Despite weakness in shares of Boeing (BA) weighing on the Dow Jones Industrial Average this morning, small caps in the IWM and tech as a group are soundly outperforming. Indeed if most bulls had their druthers I presume they would assuredly choose IWM QQQ strength virtually any day of the week in lieu of the Dow, on account of the higher beta...

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26Jun3:06 pmEST

Day Two

As we have discussed in recent blog posts here and with Members, it is worth keeping a close eye on any dips the precious metals and mining complex has this week. Specifically, after such a high buy volume breakout which initially ignored overbought conditions, as illustrated by the righthand side of the GDX (ETF for senior gold miners) daily...

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26Jun10:54 amEST

Roll with It or Get Rolled

Beyond headlines regarding positive developments in the U.S./China trade war talks, shares of large cap semiconductor Micron (MU) are jumping more than 12% as I write this to give bulls a breather after yesterday afternoon's slide.  To be sure, bulls must build on the early strength especially with respect to the small caps in the IWM...

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25Jun4:49 pmEST

Stock Market Recap 06/25/19 {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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25Jun3:32 pmEST

Ags: The Other Commodity Meat

Much like those commercials from the 1990s centered around the theme of pork being the "other white meat," ags and ag-related stocks somehow seem to be overlooked when parts of the commodity complex rally.  Case in point: The rally in precious metals and miners, not to mention a modest bounce in crude, seem to have more than overshadowed a...

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25Jun10:50 amEST

Iamgold Says "I am Your Tell"

Further softness in the broad market, especially with QQQ down more than 0.75% as I write this, on top of the small caps in IWM operating back under their 200-day moving average, is keeping bulls at bay early on this morning. It may only take a large buy program of two in order to reignite the buying pressure we saw earlier this month. However,...

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24Jun3:39 pmEST

The Good News...

The last few sessions, especially after Thursday morning's initial pop, have pretty much gone as we had expected them to inside Market Chess Subscription Services. Our game plan was to take profits into Thursday morning's strength and then to exercise patience until new setups emerged and, perhaps, any very near-term froth and/or end of quarter...

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24Jun10:24 amEST

Emerging in the Darkness

It has been a while since we have heard much of anything from shares of Goldman Sachs. Clearly, the spike lower in rates in recent months has served to undermine any excitement bulls may have had for most holdings in the KRE (regional banking) and XLF (larger cap financials) sector ETFs.  But if Treasuries take a seasonal pause here allowing...

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