MarketChess
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08Dec3:32 pmEST
20
As you can see on the zoomed-out VIX (and Index which measures fear in the options market) daily chart, every pop in volatility since March 2020, especially, has fairly quickly receded back under the 20 level. If you have been following our work for a while now, then you know we consider the 20 level on the VIX as a Mendoza Line of sorts,...
08Dec10:58 amEST
One Final Trap Before Autumn Ends
The final day of autumn this year officially falls on Tuesday, December 21st. Before we head into the winter night, it is worth pondering whether the markets have sprung a trap or two based on the latest barrage of headlines. Did stocks overdo it to the downside in recent weeks based on Omicron fears and a hawkish Fed? Perhaps, especially after...
07Dec4:16 pmEST
Stock Market Recap 12/07/21 {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...
07Dec10:43 amEST
Gap and Go Figure
A sizable gap higher on the back of yesterday's rally, one which looks like it was shot out of a cannon on many daily short-term charts now, makes it tough to chase. To be sure, quite a few bludgeoned software names like DOCU were wildly oversold in the near-term and, thus, we should not be shocked at a relief rally given that a broad market...
06Dec3:34 pmEST
Another Great Review!
I am eternally grateful for all of the terrific feedback I have received regarding my recent book, "A STREET SMART GUIDE TO MODERN SPORTS BETTING," available on Amazon right now by clicking here . Below, the most recent review has been added to Amazon. It is inevitable that sports betting becomes increasingly legalized and accessible...
06Dec10:58 amEST
These Utes Came to Play
Value over growth. Value over growth. Value over growth... As you might imagine, it will take quite a bit of adverse price action to push me off that thesis, one which I have been cultivating and driving home to Members for quite some time now. Case in point: Into a 600-point Dow rally this morning we have the Nasdaq flattish and the QQQ red....
05Dec11:02 amEST
Weekend Overview and Analysis 12/05/21 {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 Please click here for more details about joining Market Chess Subscription Services for plenty of other features,...
03Dec10:53 amEST
The Next One's Coming Faster
As kids these days say, there is quite a bit of "copes," or coping mechanisms, taking place right now with respect to The Fed and markets. Case in point: While watching financial news television this morning leading up to and after the jobs report, most of the pundits declared that, with futures initially popping off a weak jobs number, the...
02Dec10:49 amEST
Here's Looking At You, Nasdaq Bears
For the time being I remain unperturbed by random, early morning 500-point rallies in the Dow, given how poorly the Nasdaq continues to act, especially. And now we have mighty AAPL warning about iPhone demand, selling off 3% or so as I write this. Even as we head towards the holidays, it is worth repeating that the "Santa Rally" does not...
01Dec3:21 pmEST
Fine, I'll Say It: Growth Stocks Have Put in a Major Top
No more ifs and maybes, no more foreplay. Everything I am seeing aligns with most of your favorite software, semiconductor, mega cap tech names--mostly housed in the Nasdaq--having put in tops after steep multi-year uptrends. Valuations are stretched, sentiment is convinced that Powell will "not let stonks go down" despite his obvious hawkish...