MarketChess

15Oct10:57 amEST

I'm Seeing Funny Things with Pot Stocks, Man

One would objectively think that the hot money sectors in recent months would suffer violent, unforgiving drawdowns in times of market pullbacks/corrections where the major averages sharply come in to test their respective 200-day simple moving averages. The thinking goes that highest beta, riskiest sectors which appeared to be generous, cute...

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14Oct1:00 pmEST

Special Edition: Full-Length Weekend Strategy Session 10/14/18 {Video}

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12Oct11:14 amEST

There is Such a Thing as Trying Too Hard

The great irony of speculation and indeed virtually all forms of gambling is that a speculator's intense competitive spirit can often be the downfall. In other words, if a speculator has a background as an athlete in competitive sports, the very notion of losing or not winning is seen as somber, dark event.  But to think of trading as akin to,...

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11Oct3:15 pmEST

Coming Up...Gold? 10/11/18 {Video}

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11Oct10:32 amEST

Market Corrections Test Your Mental Toughness More Than Anything Else

Unlike smooth market uptrends, when large market players (institutions) of size are typically cool, calm, collected, and often buy stocks in the face of even the most bearish of news, market corrections often feature a certain degree of wild indecision as those big players unload stocks or at least refrain from buying them. It is during those...

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10Oct4:28 pmEST

Stock Market Recap 10/10/18 {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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10Oct2:44 pmEST

Counselor! Come Out, Come Out, Wherever You Are

Are we sure Apple is a safe haven and safe hideout for longs in what is obviously a deepening broad market correction? Granted, I am talking my book here, as I am still short part of my AAPL position inside Market Chess Subscription Services. Alas, we must remember that longs can run, but you usually cannot hide for too long in a real, deep...

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10Oct10:34 amEST

Operation: Live to Fight Another Day

In markets like these, with daily whipsaws, head-fakes, and now some more deterioration as the selling spreads to even sectors which were exuding relative strength of late (consumer names, energy), we must always return to a basing tenet of speculation, which is: Loss of opportunity is not nearly as damning as loss of capital. Never forget,...

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09Oct3:22 pmEST

Fresh Ideas for a Levitating Market

Bears seem to have fumbled a few opportunities today to truly bring this market to its knees, as the resilience of the energy sector likely galvanized buyers to try to salvage other parts of the market, like tech.  With energy still strong nearly across the board, we want to put it the work to identify ancillary sectors which often fare well...

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09Oct10:56 amEST

A New Market Cycle Officially Hatches

With the Fed now in a tightening cycle, the last few weeks seem to drive home the point that Treasuries and stocks will now likely be moving in unison more than at any other time we have seen in a while. In other words, stocks will likely be trading inversely to rates on some level, as the TLT and SPY correlation seems to be in lockstep.  Just...

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