MarketChess

18Jul3:44 pmEST

New Levels to Clear

Clearly the AAPL news threw a wrench in the rally attempt for bulls today, overall. The Nasdaq's QQQ ETF, below on the updated hourly chart, faded off $296 as the next level above to clear, after having jumped over the key $290 level. But now into the bell it appears we may close just back below there into the $288-$290 zone which was prior...

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17Jul10:25 amEST

Special Edition: Full-Length Weekend Strategy Session 07/17/22 {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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15Jul10:00 amEST

A Midsummer Chop's Dream

I must say that it seems that more than 2/3 of the battle in trying to emerge from this summer in one piece, so to speak, is in forcing myself to slow down even more than I want to. To be sure, I would love to give Members a constant stream of action in terms of endless trades on a daily basis. And many services do just that in an attempt to...

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14Jul2:53 pmEST

Golden Apathy 07/14/22 {Video}

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14Jul11:16 amEST

Waiting for the Music to Stop

After appearing almost apologetic to taper and then tighten earlier during this inflationary cycle, Fed Chair Jay Powell now seems to be ramping up his rhetoric (and especially his leaks to The Fed's mouthpiece at The Wall Street Journal ) regarding a decidedly hawkish bias until further notice.  Just yesterday, it was leaked that The Fed may...

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13Jul11:00 amEST

A Rough Refueling

It still seems as though it would be a bit too easy for oil and gas to have topped out for this cycle, and I am not ruling out another run to new highs for both oil and gas prices. In fact, I am on the lookout for a resumption of the prior strength, as both crude and natty are strong this morning.  While the bounce in tech and bonds off the...

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12Jul3:38 pmEST

I'm Sorry I Ruined Your Peak Inflation Party

The trend is still up in rates this year, despite how many calls I am seeing for peak inflation already having hit and the inevitability of rates cratering back down.  Thus, headed into a CPI print tomorrow morning where it seems like folks have become far more concerned about a recession than higher rates, I almost feel contrarian in thinking...

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12Jul9:55 amEST

Suddenly a Hitter's BallPark for a Defensive Play

With a modest PE ratio, solid dividend, iconic assortment of brands, and now one of the best technical setups in the XLP ETF (consumer staples stocks) if not the entire market (daily chart, below), The Molson Coors Beverage Company (TAP) is an intriguing name with earnings not until the end of the month. You can see price threatening an upside...

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11Jul10:44 amEST

On the Straight and Narrow

One thing is for sure: This market has done an excellent job of keeping virtually all speculators on the straight and narrow and pretty much the opposite of brimming with the sort of cockiness we saw off the pandemic lows. No, gone are the days of constant rocket ship emoji and incessant talk about various crypto coins and growth stocks mooning...

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10Jul10:46 amEST

Weekend Overview and Analysis 07/10/22 {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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