MarketChess

09Nov2:14 pmEST

Slugging It Out in Japan

With Japan's Nikkei rallying to new 29-year closing highs, I am reminded of one of the best sports memoirs ever published which I read back in 1991, shockingly a good 29 years ago.  Slugging It Out in Japan: An American Major Leaguer in the Tokyo Outfield  by Warren Cromartie is a great, fun, fascinating read.  Since then, let's be honest:...

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09Nov10:23 amEST

A Long Time Loading

The Pfizer vaccine news, leading to a plethora of breathtaking gaps higher in back-to-normal plays like AAL AMC WYNN, among many others, certainly is giving many bulls a Monday morning buzz that last week's ceremonial election hedge-burning may be just starting. On the other side of the tape, the extended work-from-home plays like ZM are...

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08Nov12:31 pmEST

Weekend Overview and Analysis 11/08/20 {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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06Nov10:39 amEST

I'm Here for the Pot Party

There are still some question marks concerning the general election earlier this week, as the "gridlock-is-bullish" thesis rather quickly became the loved and accepted view for equities to stage their latest furious rally. Moreover, some Senate run-offs may mean that we could still get a low key blue wave, on at least some level.  On a more...

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05Nov5:09 pmEST

Stock Market Recap 11/05/20 {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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05Nov11:56 amEST

The Era of Bad Feelings...and Bad Hedges

About two-hundred years ago in this country, after the War of 1812, America enjoyed "The Era of Good Feelings," with a strong sense of unity among our citizens and even politicians for a brief period of time.  Currently, we are seeing anything but that, with trust running low and tensions running higher. Applied to markets, there is a similar...

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04Nov3:17 pmEST

Election Rotations 11/04/20 {Video}

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04Nov10:21 amEST

Divided We Stand

The biggest takeaway from the (ongoing) election is that we are looking at divided government as the expected "Blue Wave" (nor the proposed "Red Wave," at one point) materialized in Congress. Regardless of whether Biden or Trump wins the White House anytime soon, the Senate will (very likely) remain Republican with the House staying Democratic...

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03Nov12:46 pmEST

Dude, Where's My Ballot Initiative?

Courtesy of Vox.com : Five states — Arizona, Mississippi, Montana, New Jersey, and South Dakota — have proposed legalizing marijuana. Marijuana is currently legal in 11 states and the District of Columbia, and it has been decriminalized in all of the above states except South Dakota. Polls indicate the measures in all five states are likely...

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02Nov3:39 pmEST

Remnants of a Post-Halloween Sale

After a blazing start to October, it has been an exceedingly rough couple of weeks for software growth stalwart, Fastly. The firm now only got clobbered a few weeks back on an after hours guidance cut, but then proceeded to get sold down another thirty points or so, eviscerating many dip-buyers in the process--You can see as much on the...

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