MarketChess

20Sep11:00 amEST

Summer Into Fall, Make the Call

Today marks the last trading day of summer, with autumn in the Northern Hemisphere beginning on  Monday, September 23rd.  Although the post-Labor Day phase has been in gear for a few weeks now, and the Fed meeting is in the rear view mirror, stocks are still searching for a more definitive clue as to whether or not they should sustain a...

Read More

19Sep2:47 pmEST

A Market Speaking with a Southern Drawl

Despite some promising stocks and sectors emerging, such as healthcare, not to mention a bullish upside reversal from an initial selloff after the FOMC yesterday, the reality is that the current market is still a bit too laid back, leisurely plodding along with the market equivalent of a pleasant southern drawl rather than a fast-talking New...

Read More

19Sep10:49 amEST

Back to an Old Flame

Amid a choppy summer market, trade wars, Fed debate, software corrections, and oil volatility its the fact that the healthcare sector largely took a summer vacation. In other words, gauging the XLV (healthcare sector ETF) updated daily chart, below, we can see the late-summer chop amounted to a rather attractive base when it was all said and...

Read More

18Sep1:34 pmEST

Quick Pre-FOMC Prep 09/18/19 {Video}

Read More

17Sep10:15 amEST

Mark Douglas: Mind Over Market

The late trading author Mark Douglas makes for a great video, below. In front of the FOMC tomorrow, which is likely to set the tone of trading into the fourth quarter of 2019, this is a good viewing as stocks mostly drift this morning into the big event. 

Read More

16Sep10:24 amEST

Saber, Rattle, and Roll

In the wake of the Saudi Arabia oil attack (with fingers being pointed at Iran for saber rattling), stocks are mostly soft albeit with IWM holding green as I write this. Still, beyond the initial jolt in stocks overnight it appears as though we are likely in a holding pattern until after FOMC later this week.  On the matter of crude, we can see...

Read More

13Sep3:22 pmEST

Dead Ahead of The Fed

It is a rather quiet end of the week on Wall Street, which may very well be apropos considering the potential storm next week with the much-ballyhooed FOMC. AAPL FB GOOGL are down on antitrust headlines, but note how GOOGL even today is exuding relative strength to peers. For a while now, GOOGL has had the best "FANG" chart, and that remains...

Read More

12Sep3:16 pmEST

A Chance to Get Back Above Water

Virtually the entire energy complex has been mired in a bear market for a good while now, be it natural gas, crude oil, and especially energy stocks themselves.  In terms of gauging whether he worst is over, why not look at one of largest firms in the world and largest holding by market cap in the XLE ETF, Exxon Mobil Corporation (XOM)? Exxon...

Read More

12Sep10:50 amEST

Détente from the Horror Show

Putting political opinions to one side, we know that whichever side you are on regarding the China/U.S. trade war there is no denying the increased, random overnight volatility we have seen in the market because of it for a good while now.  But with President Trump delaying China tariffs as a good will gesture amid more rumblings of a trade...

Read More

11Sep5:28 pmEST

Stock Market Recap 09/11/19 {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...

Read More