MarketChess

19Sep10:49 amEST

Back to an Old Flame

Amid a choppy summer market, trade wars, Fed debate, software corrections, and oil volatility its the fact that the healthcare sector largely took a summer vacation. In other words, gauging the XLV (healthcare sector ETF) updated daily chart, below, we can see the late-summer chop amounted to a rather attractive base when it was all said and...

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18Sep1:34 pmEST

Quick Pre-FOMC Prep 09/18/19 {Video}

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17Sep10:15 amEST

Mark Douglas: Mind Over Market

The late trading author Mark Douglas makes for a great video, below. In front of the FOMC tomorrow, which is likely to set the tone of trading into the fourth quarter of 2019, this is a good viewing as stocks mostly drift this morning into the big event. 

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16Sep10:24 amEST

Saber, Rattle, and Roll

In the wake of the Saudi Arabia oil attack (with fingers being pointed at Iran for saber rattling), stocks are mostly soft albeit with IWM holding green as I write this. Still, beyond the initial jolt in stocks overnight it appears as though we are likely in a holding pattern until after FOMC later this week.  On the matter of crude, we can see...

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13Sep3:22 pmEST

Dead Ahead of The Fed

It is a rather quiet end of the week on Wall Street, which may very well be apropos considering the potential storm next week with the much-ballyhooed FOMC. AAPL FB GOOGL are down on antitrust headlines, but note how GOOGL even today is exuding relative strength to peers. For a while now, GOOGL has had the best "FANG" chart, and that remains...

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12Sep3:16 pmEST

A Chance to Get Back Above Water

Virtually the entire energy complex has been mired in a bear market for a good while now, be it natural gas, crude oil, and especially energy stocks themselves.  In terms of gauging whether he worst is over, why not look at one of largest firms in the world and largest holding by market cap in the XLE ETF, Exxon Mobil Corporation (XOM)? Exxon...

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12Sep10:50 amEST

Détente from the Horror Show

Putting political opinions to one side, we know that whichever side you are on regarding the China/U.S. trade war there is no denying the increased, random overnight volatility we have seen in the market because of it for a good while now.  But with President Trump delaying China tariffs as a good will gesture amid more rumblings of a trade...

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11Sep5:28 pmEST

Stock Market Recap 09/11/19 {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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11Sep11:17 amEST

No True Victories on 9/11

It is tough to imagine that the beaten-down software and indeed many growth titles will immediately snapback to new highs in a single session or two, and perhaps not even before the FOMC one week from today. Having said that, with one of the more prominent growth security/software plays Zscaler (ZS) collapsing 25% this morning after earnings,...

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10Sep3:45 pmEST

A Tale of Two Pullbacks

Another session of glaring weakness in the Nasdaq, combined with abrupt, heavy bouts of selling in winning consumer discretionary stocks (e.g. CMG SHAK WING) likely outweighs any progress made by both small caps and lagging sectors beginning to show signs of life.  Moreover, the morning bounce attempts in suddenly-oversold software growth...

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