Monthly Archives: May 2019

14May10:47 amEST

Get Those Flags Right

Roku, below on its updated daily chart, has been one of the more notable outperforming charts during this market mess of late. As you can plainly see, ROKU knocked the cover off the ball with its recent earnings report and has subsequently barely flinched.  ROKU is currently sporting a variation of a high, tight bull flag look, which simply...

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13May2:57 pmEST

I'll Have My China Trade War Selloff with No MSG, Please

Shares of The Madison Square Garden Company (MSG) are notably green today. MSG, led by CEO James Dolan, is the owner of many entertainment assets including the NBA's New York Knicks.  With the NBA Draft Lottery scheduled for tomorrow evening, the lowly Knicks have a 14% chance of winning the first overall pick to draft prospective superstar...

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13May10:34 amEST

War is War

As the U.S./China trade war intensifies, markets continue to wobble with the uncertainty of the entire situation. A major Dow component like Boeing, for example, seems to be especially sensitive to the China tensions and may very well become caught up in the economic bloodbath. Simply put, a war is a war, and the uncertainty of the situation...

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12May12:44 pmEST

Sunday Matinée at Market Chess Cinemas

Starring Nicolas Cage and Cher, Moonstruck (1987) is available on Amazon Prime and is well worth a viewing with mom on this Mother's Day. The film is well over thirty years old at this point, but still stands the test of time with its timely humor and emotional depth.  via Amazon Prime: In her Academy Award winning role, Cher, while waiting...

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10May12:46 pmEST

The Zen Theory of the Stock Market

I once had a law school professor quickly regain control of a class which had gone off the rails. Too many students were questioning the vast inconsistencies in the case law we were studying, and the class had broken down into students basically bloviating for much of the class time about what they thought the proper law should be.  "You must...

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09May3:46 pmEST

Final Hour Ideas and Analysis 05/09/19 {Video}

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09May10:30 amEST

A Market Challenging Your Toughness

I reluctantly moved to full cash in my trading account on Tuesday not because I expected this type of imminent downside, but rather out of respect for the lack of upside momentum seen in even the most of attractive of long setups in growth stocks.  While it is certainly true that imminent further downside was a distinct risk, as I noted for...

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08May4:37 pmEST

Stock Market Recap 05/08/19 {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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08May3:27 pmEST

There's No Such Thing as a Perfect Game in Trading

The various head-fakes we have seen in this headline-driven market of late have slowed down even the most enticing of growth long setups out there, mostly clustered in the software-related complex.  Markets like these often reinforce the concept that as speculators we must understand that chasing a perfect record is often akin to chasing a...

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08May10:32 amEST

Interesting Correlations

Despite quite a few software and healthcare growth standouts continuing to act well, be it the likes of SMAR TWLO or a big-time winner from earlier the year, Tandem Diabetes Care, below on its daily timeframe, you get the sense that broad market concerns are keeping a lid on things for now.  As a result, I have been relegated to a wait-and-see...

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