MarketChess

03Sep3:40 pmEST

The Lighter and Darker Side of a Range

GM looks like a viable short idea, possibly bear-flagging on its daily chart, first below, underneath all moving averages.  On the other side of the tape, LRCX continues to exude excellent relative strength among the chips, seen on the second daily chart.  In order for bulls to find a silver lining to today's action in the broad market, it is...

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03Sep10:54 amEST

Comically Choppy Narrow Range

On the QQQ, at least, we have the comically choppy, narrow range from August spilling over into September.  Case in point, note the updated QQQ (ETF for the top 100 stocks in the Nasdaq Composite, by the way, which is the epitome of very best tech firms, essentially) daily chart, below, shows the moving average "sandwich" we tracked for Members...

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02Sep3:32 pmEST

Labor Day Overview and Analysis 09/02/19 {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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30Aug8:46 amEST

Hurricane Dorian Plays

Potential natural disasters, such as Hurricane Dorian currently barreling towards Florida, remind us of just how helpless we can be at times when it comes to Mother Nature. As traders, no one is rooting for death and destruction. Instead, we are simply aligning our views with reality--If Dorian strikes Florida hard then we want to be armed with...

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28Aug10:46 amEST

Invert, Always Invert

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”  -Charlie Munger All of this talk regarding the inverted yield curve certainly has me conjuring up the old Charlie Munger quote, above, although I recognize he was not referring to the bond market at all.  Still, "inversion" is the hot topic do jour again...

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27Aug4:00 pmEST

Don't Sleep on Silver Miners {Video}

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27Aug10:18 amEST

Safe to Leave the Coast or Not

As tempting as it may be to buy into this morning's rally in equities, the nagging strength in Treasuries is giving us pause. On the TLT daily chart, updated below, note the potential for a fresh breakout here from the highlighted high and tight base consolidation after the prior rally earlier this month which coincided with some violently...

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26Aug1:00 pmEST

Midday Analysis 08/26/19 {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.

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23Aug3:25 pmEST

The Enemy of My Enemy is No Trend

Although we make a concerted effort inside Market Chess Subscription Services to be apolitical in our approach to markets, it is hard to ignore the dynamics of the trade war in play. Clearly, there is at least some sensitivity in this rangebound, late-summer tape to President Trump's strident tweets regarding China and The Fed. Mind you, I am...

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22Aug11:27 amEST

A Teton Market Range

It may seem like the indices are chopping around in ranges as wide as, well, Teton Range out in Wyoming, which is exactly where various Fedheads are gathered right now to enjoy their annual end-of-summer meeting.  As we speak, the jaw-boning is likely causing some early jitters, as tech stocks came out of the gate in a lethargic manner and...

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