MarketChess

05Jul1:38 pmEST

Who is Getting Bitconned Now?

First and foremost, the new Netflix documentary, "Bitconned," regarding the real life story of Raymond Trapani and his "associates" at Centra during the crypto ICO mania years ago, was highly entertaining and certainly worth the watch. Trapani reminds me of a few guys I knew growing up in Bayonne, New Jersey. And, without giving away the...

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03Jul12:33 pmEST

Afternoon Update 07/03/24 {Video}

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02Jul12:09 pmEST

Sneaky Strength

Headed into this week, we noted with Members in my usual Weekend Strategy Video that we could easily see a low volume, drifting affair in markets leading up to Independence Day on Thursday, alongside markets closing early tomorrow at 1pm EST. Indeed, the jobs report Friday morning looks to be the next known event which markets may be on cruise...

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01Jul11:04 amEST

The Pain Trade in Rates is Still Higher

Here at Market Chess we tend to follow-up on our bad calls, updating them and keeping readers and Members apprised. Because of that, there is a tendency for some to focus on those bad calls, as opposed to others who either conveniently ignore them or pretend that they are always winning instead.  The reason why I raise that issue is because one...

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30Jun10:04 amEST

Weekend Overview and Analysis 06/30/24 {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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27Jun12:08 pmEST

Hey Google and Softee, is That Your IQ or How Many Friends You Have?

The latest chase into the "Magnificent 7" names has seen GOOGL and MSFT, respectively below on their updated daily charts, melt to new highs as bulls have attained a new level for their aura of invincibility amid weakness in Micron,  NVDA, semis at large, not to mention names like CMG MA V.  However, I am looking for the intraday fades in GOOGL...

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26Jun11:48 amEST

It's Supposed to Be Non-Judgmental Intervention!

The Dollar/Yen currency cross, as tracked by the USDJPY ticker, is now back above where the powers that be intervened in Japan back in late-April. Essentially, the USDJPY crossing over $160 (which means a weakening Yen, since the Yen is the denominator) has been the level which has caused anxiety in the Land of the Rising Sun, and perhaps...

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25Jun11:25 amEST

The Daily Swindle

Although I still do not subscribe to the, "It's All Rigged!" view of markets, on days like today, in the context of yesterday's action, it all sure can seem a bit too coincidental.  Specifically, we have the inverse of yesterday: NVDA, semis, and tech are leading while virtually everything else is down or flattish.  That said, as I write this I...

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24Jun12:27 pmEST

Make Palladium Your Pal

South Africa, Russia, and North America are the top producers of palladium, one of the precious metals alongside gold, silver, and platinum. Of course, we know Russia these days is a geopolitical risk when it comes to commodities.  And that seems to be the case of late with palladium, seen below on the PALL ETF daily chart for the commodity. As...

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21Jun1:48 pmEST

Afternoon Update 06/21/24 {Video}

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