MarketChess

23Mar10:21 amEST

A Constructive Mindset for a Corrective Market 03/23/18 {Video}

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22Mar10:40 amEST

Don't Let the Action Be Your Juice

For swing traders, holding stocks for more than a few moments or even sessions, this type of price action should drive home a key point in virtually all forms of speculation: Be it horse racing, sports betting, poker, etc.. And that point would be that there are certain times where it is correct to lay off the action.  The notion of "having...

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21Mar1:08 pmEST

Free Agency and the Draft: Not Just for the NFL

Stocks are enjoying a bit more of a relief bounce from Monday's selloff after the small caps in the Russell 2000 Index exuded impressive strength this morning. Still, we know the FOMC at the bottom of the hour is a well-defined risk event and should be treated as such, meaning we expect to see violent whipsaws from 2pm EST until the closing...

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21Mar10:44 amEST

Beholden to the Weather and The Fed

If we had simply viewed new Federal Reserve chief Jerome Powell with his first policy decision later today after 2pm EST coinciding with another Nor’easter despite spring officially underway, it would probably be a tad too dramatic to play it up as a significant market catalyst.  However, the issue for us as traders is that today's FOMC events...

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20Mar10:03 amEST

In Like a Lion, Out Like a Lion

The wintry weather in the northeast on this first day of spring is not the only thing defying the old saying that the month of March "comes in like a lion, but goes out like a lamb." Specifically, equities as a whole have come under a bit more general pressure than bulls would like to see, albeit with quite a few individual stocks laughing off...

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19Mar3:42 pmEST

Stock Market Recap 03/19/18 {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...

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19Mar1:18 pmEST

Rollin' Snake Eyes

I reduced long exposure further today, as the market selling we are seeing is much more intense and steady beyond the Facebook news and that stock's weakness. Moreover, the VIX back over 20 as I write this and even the most attractive longs like ANF are not convincing enough to compel me to put on new long inventory at the moment.  On the Dow...

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19Mar10:31 amEST

The Allure of Playing Hard to Get

With Facebook's stock performing an abrupt about-face from Friday's strength and leading the Nasdaq (and market) lower this morning, it is likely correct to treat lightly on the long side in front of new Fed Chair Powell's first FOMC later this week. Indeed, the major averages are sporting the look and feel of an ongoing consolidation and...

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18Mar4:06 pmEST

Weekend Overview and Analysis 03/18/18 {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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17Mar9:05 amEST

Saturday Night at Market Chess Cinemas

On this Saint Patrick's Day, I am going to recommend one of my favorite Irish films from the last two decades. Each time I have watched it, I have come away thoroughly impressed with  The Guard (2011), a comedy-thriller set in a small Irish town. The cast features several of my favorite actors, including  Brendan Gleeson, Don Cheadle, and the...

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