MarketChess

Showing articles 1 - 10 (5668 total)

28Jan11:11 amEST

A Break in the Battle

For the first time in the good while I find my trading account back in 100% cash, as the lack of resolution this week among countless reversals both overnight and during the session render this market uniquely treacherous. Simply put, the lack of conviction by both bulls, for a relief rally, and by bears, to force the issue with another leg...

27Jan3:02 pmEST

Dollar Doing The Fed's Dirty Work for Now

Seeing as The Fed has not actually tightened yet, the U.S. Dollar surging of late is arguably a situation where it is doing the heavy lifting for The Fed. There have been rumblings of this sort of mechanism in markets for a while now, where central bankers need only talk about the idea of tightening rather than actually tighten.  But this...

27Jan11:13 amEST

Allow Me to Sober Up This Drunk Market

It is worth reiterating that violent price swings, wild indecision, overnight and intraday reversals, are all part and parcel of a corrective or even bear market. They are not the exception but, instead, the rule. And are to be expected. TSLA, for example, is now down 7% as I write this after having sold off last night, then went green, etc.....

26Jan4:20 pmEST

Stock Market Recap 01/26/22 {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...

26Jan10:32 amEST

Biding Time Before The Fed

A dramatic upside reversal in shares of Microsoft last evening during their guidance seems to have spawned a squeeze higher in the broad market spilling over into this morning's price action.  As noted here and with Members, I took off the reminder of my swing shorts earlier this week and, beyond a few inter-market plays, have mostly been...

25Jan3:13 pmEST

Looking for Mr. Goodbar...And Daddy Powell

I do not profess to have a crystal ball, nor all the answers. But I do have an opinion about the changing market regime.  Headed into the FOMC tomorrow afternoon, stocks recovered from sharp losses for the second session in a row as we work through the final hour. It is often said that bull markets climb a wall of worry, so to speak, while bear...

25Jan10:08 amEST

Just Call Me Stan Beeman

In this day and age of internet memes, it is rather easy to get lulled into a state of complacency about real-life, legitimately dangerous issues facing the world. Thus, you would think that Vladimir Vladimirovich Putin were a cartoon character, riding bears through the Russian terrain in winter. Or, perhaps, he were a caricature of what...

24Jan3:24 pmEST

Big Blue as a Big Tell

Before we get to MSFT, then TSLA, and then AAPL earnings later this week, I want to draw your attention to old, stodgy, IBM, or "Big Blue" as it used to be known around Wall Street, which reports earnings tonight after the closing bell.  At this point in the stock and firm's life cycle, IBM is not a flashy growth stock. On the updated quarterly...

24Jan10:13 amEST

Rallies Jump Up to Get Beat Down

I covered up some more shorts into this morning's weakness, as discussed in my full strategy video yesterday (available for everyone this week, please see prior blog post).  However, with the market filling to hold the overnight bounce in the futures, followed by this morning's minor attempts so far, we are still at risk of a crash. Mind you, I...

23Jan10:31 amEST

Special Edition: Full-Length Weekend Strategy Session 01/23/22 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone.  Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of...

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