MarketChess

27Nov1:36 pmEST

Black Friday and Holiday Season Retail Preview 11/27/19 {Video}

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26Nov11:45 amEST

Purple People Eaters Line Up for Black Friday

Purple Innovation Inc. (PRPL) is a small cap, low-priced, and fairly thinly-traded retail stock. But that's just it--Small caps and retail stocks are suddenly back en vogue as we head towards the quasi national holiday known as "Black Friday" for the post-food coma shopping bonanza. Purple is an interesting firm, claiming to have the "best...

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25Nov2:52 pmEST

A Thanksgiving Side Dish No More

(Most popular Thanksgiving side dishes by state, according to Google Trends) No longer an afterthought for this market, or worse yet an impediment for the bull case, the small cap issues housed in the Russell 2000 Index are making an emphatic move today to kick off the holiday week.  On the zoomed-out IWM (ETF for the Russell) daily chart,...

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21Nov10:46 amEST

Bide Your Time, for the Bigger Game Awaits

Despite some more dealmaking this morning, namely SCHW buying out AMTD (which, by the way, the market is wholeheartedly celebrating since the acquiring firm, SCHW, is higher by 8% in addition to AMTD up around 20%), the broad market remains in near-term pullback mode after a multi-week advance on the major indices.  Naturally, bears will argue...

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20Nov11:09 amEST

Organizing the Chaos

Despite a post-earnings rally from Target attempting to cancel out the Home Depot selloff yesterday in the larger cap retail space, the broad market generally came out of the gate sluggishly this morning. However, small caps and software displayed some notable early strength. And as I write this that continues to be the case alongside some good...

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19Nov12:39 pmEST

Stay Opportunistic, Yet Vigilant

Quite a few biotechnology and healthcare stocks have suddenly caught fire of late, with Karuna Therapeutics Inc. (KRTX) the face of the current rally, on an improbable and exhilarating run this week from $17 to $152.   The party may have more fun yet to come, though we know biotech always presents its own unique set of risks. On the one hand,...

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18Nov3:29 pmEST

Holidays Coming...Soon

Much like our analysis of Square (SQ) last week, Netflix (NFLX) may very well be in the same place as a former high-flying market leader which has become a fairly obvious laggard among large cap tech stocks for at least the last four months.  On the updated NFLX weekly chart, below, with the stock pushing back above $300 today there figures to...

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17Nov3:25 pmEST

Weekend Overview and Analysis 11/17/19 {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...

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14Nov3:49 pmEST

Stock Market Recap 11/14/19 {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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14Nov10:51 amEST

Payments Under the Christmas Tree

Payments growth leader Square has fallen off the radar from many traders for a good while now, and rightfully so. On the second weekly chart, below, Jack Dorsey's other firm, SQ, topped out back in very early-October 2018 and has since been a glaring laggard amid various cycles when software and growth stocks were hot as can be. Since...

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