Comparison is the Thief of Joy...and Capital

13Jul10:53 amEST

Out in the Cold in the Middle of July

Another day of poor breadth and weak small caps on the open seems to be irrelevant, once again, as upside reveals in the face of a hot CPI print in the QQQ and even TLT gives bulls some breathing room this morning. Interestingly, despite the growth stock pop we have ARKK red alongside many of its underlying components. Still, this type of...

12Jul4:19 pmEST

Stock Market Recap 07/12/21 {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...

12Jul12:18 pmEST

Let the Game Come to You

Despite continued mixed (at best) breadth, not to mention a failed bounce this morning in Treasuries, the resilience of the major averages is keeping bears at bay for now. Tesla and a bunch of strong semiconductors are bolstering the Nasdaq, which otherwise would almost assuredly be red here if not for those names. This is all happening as...

11Jul11:47 amEST

Weekend Overview and Analysis 07/11/21 {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 trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

09Jul10:26 amEST

Gotta Respect the Lines

Equities are enjoying a bounce led by some of the beaten-down parts of the market of late namely the Dow industrials, transports, small caps, energy, banks, and materials. Tech is showing relative weakness, as bonds run into resistance (TLT daily chart, below, illustrating some resistance at the 200-day moving average yellow line, meaning...

08Jul4:37 pmEST

Stock Market Recap 07/08/21 {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...

08Jul10:51 amEST

It Ain't Much, But It's Honest Work

One of the notable aspects about the recent multi-quarter breakout in natural gas, seen below on the UNG ETF daily timeframe, updated, is the little attention it received. To be sure, financial and social media alike have been harping on crude oil, for example, but even with obvious seasonal tailwinds still in play natural gas is viewed as the...

07Jul3:25 pmEST

Who You Gonna Call? ShotSpotters!

Even a cursory glance at the national nightly and cable news of late will have you seeing a few stories here and there about the Biden Administration acknowledging growing gun violence, especially in cities like Chicago. That said, in lieu of trying to cop out to political content and sensationalized tweets about politics, our focus with...

07Jul11:21 amEST

Time for Bonds to Kiss and Be the Tell

As Treasuries have rallied in recent weeks, rates have naturally headed lower and the previous "TINA," "ZIRP" trades where investors had the knee-jerk reaction of rotating back over into mega cap tech names like AAPL AMZN, among a slew of others. The critical issue going forward is whether this rotation is, perhaps, the last gasp of a trade...

06Jul3:26 pmEST

Comparison is the Thief of Joy...and Capital

Here at Market Chess we take pride in being mature speculators who never show a reckless disregard for precious capital. In this day and age of social media and finance intersecting, it can be rather easy to constantly compare oneself to the constant stream of boasting by many a trader and pundit out there, as we naturally infer that our own...