Monthly Archives: January 2019

Showing articles 11 - 20 (51 total)

26Jan8:08 pmEST

Saturday Night at Market Chess Cinemas

Although I largely consider the new age special effects of most films these days to be rather overrated and unworthy of a trip to the theatre, I must say that Peter Jackson's stunning World War I documentary, They Shall Not Grow Old (2018), stands out as an exception and is more than worth the time, money, and effort.  Wearing those wonky 3D...

25Jan10:45 amEST

Right, Yeah, a Buffer: The Market had a Lot of Buffers

With plenty of reasons to trade lower this week, including the historical nature of the government shutdown and other political headlines swirling this morning, stocks are instead flexing to help the major index charts push up and away from their respective 50-day moving averages.  As we know, the Dow, S&P, small caps, and Nasdaq have spent...

24Jan2:03 pmEST

In a Lonely Place

I have spent the better part of this week toiling away at refining the running list of names holding up and acting best in this mixed market, without putting fresh capital to work, just yet. As I noted earlier, despite the chips rallying hard today we have yet to see the rest of the tape become truly excited by the likes of INTC LRCX TXN XLNX. ...

24Jan10:57 amEST

Bittersweet Chips

Despite impressive action in the semiconductor space this morning off LRCX TXN and XLNX all rallying sharply after last evening's earnings reports, not to mention INTC this morning too, the rest of the tape seems a bit too sluggish, all things considering.  Specifically, one would think with a critical part of the tech sector like chips...

23Jan4:47 pmEST

Stock Market Recap 01/23/19 {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...

23Jan10:57 amEST

Big Blue Needs Better Help

Despite an overnight rally led by Dow futures largely on the back of IBM (or "Big Blue," as it is known) earnings, equities are experiencing a notable dip as I write this. In fact, the small caps in the IWM and the S&P 500 Index's ETF, SPY, flipping back to red.  Simply put, bulls will need to show they have sufficient conviction to step back...

22Jan3:41 pmEST

I Mean Are These Algos Something, or Are These Algos Something

To follow-up on my morning blog post, today's steady selling is taking a good many bulls by surprise as we work through the final hour. My bias is to let some of the stronger charts of late, like VEEV, back-and-fill this week in lieu of my focus being to press for an imminent broad market rollover. However, I am open to the scenario of a...

22Jan11:09 amEST

You Know What They're Looking At? Us

The relief rally since Christmas has been convincing enough to the point where one could easily (and many have) taken shorter-term timeframes and inferred from the price action that a brand new uptrend has already been set in motion.  That working thesis may eventually come to fruition. However, until we see actual evidence on the daily...

21Jan2:46 pmEST

Holiday Week Overview and Analysis 01/21/19 {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...

18Jan10:06 amEST

Masquerading Market

This market has been masquerading as various beasts for a while now, be it the horrifyingly epic December market on the cusp of a 1929-style crash, or the one-way drift we have seen of late on the indices even if the action below the surface remains mixed. To be sure, seeing the indices up again this morning, led by the Dow considerably...

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