MarketChess

03Jul11:04 amEST

Don't Just Stand Still and Look Pretty

The precious metals and miners have a clear trend over the last two-plus years. And that trend would be this: They have been uniquely trend-less.  Indeed, gold bugs and steadfast bears alike have been frustrated intermittently, with head-fakes in both directions and the net result being a whole lot of nothing going in the precious complex. And...

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02Jul3:57 pmEST

Follow-Up on Monthly Candlestick Analysis {Video}

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02Jul10:45 amEST

Range Within a Range; And Don't Forget About Danny Ainge

A gap down on more trade war headlines kicks off this holiday-shortened week, as I suspect more than a few market players are just about ready to head to the beach and forget about stocks for at least a week or so, if not longer.  However, there are some impressive relative strength issues which have already been sporting sound charts this...

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01Jul10:29 amEST

Sunday Matinée at Market Chess Cinemas

On this weekend leading up to Independence Day on the Fourth of July, I think it is appropriate to re-recommend an all-time great television series. And that would be the AMC series, "TURN: Washington's Spies," currently available on Netflix.  This series is a true story; a spy thriller set in the American Revolution. It is fabulously done and...

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29Jun10:52 amEST

The Motion in the Market's Ocean

The major averages are still largely rangebound, especially the S&P 500 and Dow Jones Industrial Average, while the small caps in the Russell and tech plays in the Nasdaq Composite remain a few percent off recent highs.  However, with bulls defending the big, round 2,700 level on the S&P yesterday, as well as the 50-day simple moving average,...

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28Jun10:59 amEST

June Candles Might Steal Your July Beach Sandals {Video}

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27Jun2:51 pmEST

Hey, Dr. Jones, No Time for Love

An ugly downside reversal around high noon on the east coast has me lightening up an already-very light trading portfolio this afternoon. Although there are quite a few individual names I remain impressed with, I am not looking to fall in love with a market which is clearly not going to love me back, at least for now. In general, the constant...

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27Jun10:41 amEST

Develop Those Pieces

The rotation into the energy complex the last two sessions complements the recent strength we have profiled here and for Members in the sector. Indeed, the persistent crude oil strength accompanied by many individual energy stocks has surely been a mitigating factor in evaluating the bear case in this week leading up to the Fourth of July...

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26Jun4:02 pmEST

Stock Market Recap 06/26/18 {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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26Jun3:24 pmEST

Tesla Shock Therapy in Effect

With a short percentage of its float (shares outstanding) which remains shockingly elevated, Tesla bears absolutely must stay vigilant and disciplined this summer.  On the updated TSLA daily chart, below, we can plainly see that the recent surge back over its 200-day simple moving average (yellow line) was riveting but could also be dismissed...

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