Happy Independence Day

08Jul8:37 pmEST

Saturday Night at Market Chess Cinemas

Baby Driver (2017) is the epitome of an entertaining, summer "popcorn movie." The film has been met with plenty of rave reviews for its creativity. And while I do indeed agree that writer/director Edgar Wright is worth his salt, I am not yet inclined to declare this to be one a candidate for Best Picture. That said, Hollywood will take...

07Jul2:44 pmEST

Suddenly Stranded in the Heat of Competition

Amid the focus today on sharp, snapback rallies in the likes of AAOI, not to mention plenty of traders eyeballing TSLA for a possible oversold bounce, it is worth noting that bond bulls have suddenly become a quiet bunch after professing victory in recent weeks. Specifically, using TLT as a proxy, below on the daily chart, you will note the...

07Jul10:27 amEST

Nothing But a Bastard from a Basket of Software Stocks

Given the day-to-day indecision we have seen from the broad market it is tough to get behind a given thesis at the moment with heavy conviction. Of course, the market can change in a New York Minute, which is why we are diligently keeping tabs on the very best relative strength names for Members on a daily basis. But if the small caps in the...

06Jul4:48 pmEST

Stock Market Recap 07/06/17 {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...

06Jul1:35 pmEST

Dancing Until the Music Stops

Bears put on an impressive performance this morning, bringing down the likes of Tesla even more and sending small caps down below the $140 level on the IWM ETF. However, as I write this the risk is that stocks simply drift on higher for the rest of the session without anything remotely resembling an ugly close and panic on the part of buyers. ...

06Jul10:25 amEST

Pretty Standard Scenario for Twitter

We have a fairly sloppy opening hour of trading today, especially when you consider the glimmers of hope flashing yesterday for tech bulls amid the SMH QQQ outperformance. Instead of immediate upside follow-through, however, we looked at dip-buyers getting soundly stuffed off the opening bell. As I write this, those tech bulls will need to...

05Jul4:30 pmEST

Stock Market Recap 07/05/17 {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...

05Jul1:23 pmEST

Biotech: Was That It?

There are two schools of thought about the recent surge into biotechnology stocks as plenty of chips and Nasdaq winners cooled off. On the one hand, broad market and dedicated biotech bulls argue that the breakout was a long time coming, as both the IBB and XBI sector ETFs have been digesting and base-building their 2015/2016 corrections for a...

05Jul10:38 amEST

Holiday Cheer Mixed with Fear

The price action around this Fourth of July holiday smacks of a more indecision by the market, more than at any point in at least several months if not quarters. After futures led equities to a green open this morning, for example, we saw some sound fades in both small caps and the stodgy Dow mega cap stocks. As I write this, the Nasdaq is...

04Jul10:51 amEST

Happy Independence Day

On this day in 1776, the Declaration of Independence , which proclaimed the independence of the United States of America from Great Britain and its king. was formally adopted by twelve colonies after some revisions to the document. Lost in the shuffle of barbecues, beaches, and ball games is the exhilarating story of the Revolutionary War,...