MarketChess
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26Jun3:06 pmEST
Day Two
As we have discussed in recent blog posts here and with Members, it is worth keeping a close eye on any dips the precious metals and mining complex has this week. Specifically, after such a high buy volume breakout which initially ignored overbought conditions, as illustrated by the righthand side of the GDX (ETF for senior gold miners) daily...
26Jun10:54 amEST
Roll with It or Get Rolled
Beyond headlines regarding positive developments in the U.S./China trade war talks, shares of large cap semiconductor Micron (MU) are jumping more than 12% as I write this to give bulls a breather after yesterday afternoon's slide. To be sure, bulls must build on the early strength especially with respect to the small caps in the IWM...
25Jun4:49 pmEST
Stock Market Recap 06/25/19 {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...
25Jun3:32 pmEST
Ags: The Other Commodity Meat
Much like those commercials from the 1990s centered around the theme of pork being the "other white meat," ags and ag-related stocks somehow seem to be overlooked when parts of the commodity complex rally. Case in point: The rally in precious metals and miners, not to mention a modest bounce in crude, seem to have more than overshadowed a...
25Jun10:50 amEST
Iamgold Says "I am Your Tell"
Further softness in the broad market, especially with QQQ down more than 0.75% as I write this, on top of the small caps in IWM operating back under their 200-day moving average, is keeping bulls at bay early on this morning. It may only take a large buy program of two in order to reignite the buying pressure we saw earlier this month. However,...
24Jun3:39 pmEST
The Good News...
The last few sessions, especially after Thursday morning's initial pop, have pretty much gone as we had expected them to inside Market Chess Subscription Services. Our game plan was to take profits into Thursday morning's strength and then to exercise patience until new setups emerged and, perhaps, any very near-term froth and/or end of quarter...
24Jun10:24 amEST
Emerging in the Darkness
It has been a while since we have heard much of anything from shares of Goldman Sachs. Clearly, the spike lower in rates in recent months has served to undermine any excitement bulls may have had for most holdings in the KRE (regional banking) and XLF (larger cap financials) sector ETFs. But if Treasuries take a seasonal pause here allowing...
23Jun11:08 amEST
Weekend Overview and Analysis 06/23/19 {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...
21Jun10:41 amEST
Meal Planning Properly
We have a fairly calm morning of digestion taking place in most part of the market. On the surface, this is pretty much what we expected and why we did not necessarily want to feel compelled to chase yesterday's rally, instead opting to be a net seller. However, bears have proffered little actual technical evidence for us to simply readily...
20Jun11:23 amEST
The Best of War and More
Reports of a United States Navy drone being shot down by an Iranian missile over the Strait of Hormuz in what government officials are calling an "unprovoked attack," certainly is affecting crude oil and most energy stocks this morning, as they are spiking higher virtually across the board. But as far as any jitters reverberating through...
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About
“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
