MarketChess

11Apr8:19 pmEST

Market Chess Cinemas: Quarantine Edition

I raved on Twitter about "Mankind: The Story of All of Us," a 2012 miniseries with twelve episodes. So, I might as well make it official and give this production its due. Available on Amazon Prime, the miniseries originally appeared on History channel. Josh Brolin's narration captures the spellbinding nature of tracing human's history form the...

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10Apr5:03 pmEST

Remember the Alamos

Now would probably as good of a time as any to remind all of us (including myself) that the total amount of gold mined in our history, since the Egyptians began mining gold before 2000 BC., would fill a little more than three Olympic sized swimming pools. Of course, I raise this point as The Fed aggressively adopts not only the Bernanke 2008...

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09Apr12:18 pmEST

Not Just a Cog

Even with news of Russia and the Saudis agreeing to cut oil output in principle at the latest OPEC Meeting, it remains to be seen if oil can form a more tangible bottom. Case in point: As I write this the USO ETF for crude is back to red.  However, energy stocks are enjoying a fine session so far to dovetail with yet another squeeze higher in...

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08Apr11:45 amEST

To Believe or Not to Believe

On the back of Dr. Anthony Fauci allowing for some optimism earlier this morning as he said new cases appear to be nearing their peak and the rate of hospitalizations is down, stocks are recovering from an ugly close yesterday, as I write this. The small caps in the Russell 2000 Index are clearly outpacing the the senior indices, most likely a...

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07Apr3:34 pmEST

Final Hour Morsel 04/07/20 {Video}

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07Apr11:50 amEST

The Sound of Movement

The sheer velocity of the last two overnight gaps higher on the indices speaks to how vicious relief rallies can be in the midst of bearish trends. While it is true that there may be some debate as to whether any bear market has been terminated, the reality is that as we speak today all of the major indices, be it the Dow, S&P, Nasdaq...

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06Apr4:45 pmEST

Stock Market Recap 04/06/20 {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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06Apr12:10 pmEST

Look, I Need to Know What I Stand to Win

Some encouraging news over the weekend about the rate of virus growth around the world, combined with squeezes in the cruse lines (CCL NCLH RCL), casinos (LVS MGM WYNN), and even airlines, albeit to a far less degree given Warren Buffett reducing his stakes in them recently, figure to be giving bulls a sizable boost on this Monday morning. As I...

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05Apr12:14 pmEST

Weekend Overview and Analysis 04/05/20 {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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04Apr8:46 pmEST

Market Chess Cinemas: Quarantine Edition

With the overwhelming majority of us holed up in quarantine it can become mentally and emotionally draining, particularly as we navigate a volatile market attempting to price in a set of circumstances which we have not seen to this degree in at least one hundred years.  During these times, amid horrifying headlines of more deaths across the...

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