MarketChess

01Aug12:49 pmEST

The Mask Market: Do You Feel Lucky?

The widening spread between the Dow Jones Industrial Average and some notably weakening parts of the market continues to be masked by headlines of stocks hitting new highs.  Indeed, while it is true that the Dow is still chugging on higher for one new all-time high after the next, the negative divergences below the surface transcends mere...

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01Aug10:40 amEST

Time to Start Popping

A plethora of precious metals miners report earnings in the next week or so, placing an even bigger premium on the current technical juncture in which the GDX (ETF for senior gold miners) currently finds itself.  We previously looked at the daily timeframe, updated below, and inferred from the technicals that both the 200-day simple moving...

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31Jul4:30 pmEST

Stock Market Recap 07/31/17 {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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31Jul3:42 pmEST

It Takes Two to Tango

Summer trading often feature some quality pair trading opportunities. And with the Dow divergence becoming more pronounced by the day, as small caps, transports, and now even tech lag behind, it may be worth looking into some plays off this setup. Specifically, a Dow component like Nike, below not he daily chart, has quietly been acting much...

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31Jul10:47 amEST

Back to Shore

Despite a solid open for the Dow, with even tech stocks green, the small cap weakness again seems to be dragging down the market here, once again. On the updated IWM daily chart, below, the ETF for the Russell 2000 small cap index illustrates the recent breakout to fresh highs was short-lived, as price is now soundly back inside the a prior...

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30Jul3:13 pmEST

Weekend Overview and Analysis 07/30/17 {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 mark Please click here  for more...

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29Jul11:37 amEST

Saturday Night at Market Chess Cinemas

End of Watch (2012) stars Jake Gyllenhaal and Michael Peña as two LAPD officers  who work in south central  Los Angeles as partners . Not only is the film entertaining, moving at a steady pace, but it is also refreshing in that it deviates from the path many films take. Specifically, while plenty of films focus on police corruption--including...

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28Jul1:27 pmEST

Midday Analysis 07/28/17 {Video}

The following video is an example of the daily, intraday videos I present to Members of the Market Chess Subscription Services. Please click here for more details about joining the service to add value to your process as a trader. I hope you enjoy the video. Have a great summer weekend! 

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28Jul10:08 amEST

A Venti Breakout? Not So Fast, My Friend

The monthly chart of Starbucks, a major consumer name, illustrates a point worth noting about some f the more prominent, multi-year winners in this market--Their long-term charts are a bit concerning insofar as covering much ground since 2009, then possibly forming a new consolidation before apparently breaking out earlier this year.  But what...

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27Jul3:45 pmEST

Transportation Sector Analysis {Video}

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