MarketChess
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01Jun10:53 pmEST
Saturday Night at Market Chess Cinemas
Currently available for full viewing on Amazon Prime, the overlooked but top shelf American crime/drama series that aired on CBS from 1987 to 1990, Wiseguy , is well worth your time. The show stars Ken Wahl as an undercover operative for the FBI under the supervision of senior agent, played by a young(er) Jonathan Banks. Although the...
31May3:21 pmEST
Reaching the End of the Line
Although it is easy for bulls to cherry-pick the likes of OKTA TWLO or PLAN, the latter seen below on its updated daily chart (kudos to a few of our Members for calling those two out) as being clear evidence of quite a few growth stocks ignoring the stubborn market weakness, the reality is that one of these day bulls must aggressively wrestle...
30May11:15 amEST
No Room for Chickens
Simply put, the small cap stocks housed in the IWM ETF (for the Russell 2000 Index) must attract buyers into each of these intraday dips. As I write this, the IWM is dipping off its morning highs, with no room for chickens in the bull camp if this broad market bounce is to have legs into June. Indeed, despite oversold conditions, elevated...
29May4:38 pmEST
Stock Market Recap 05/29/19 {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...
29May10:46 amEST
Your Presence is Required
Now is as good of a time as any for buyers to show up and do their thing regarding the lowly semiconductors. As you likely know, most chips have been dreadful over the last month, with the likes of MU NVDA getting pummeled despite a rare standout like AMD. CREE is a long-term turnaround story which has finally corrected a bit and may be ripe...
28May3:30 pmEST
The Law of Interia
With the broad market indices insisting on not moving much, just yet, it remains tough to force the issue in terms of attacking even the most attractive individual chart. Two possible exceptions, however, reside in the biotechnology, names we have highlighted but here and with Members. FATE is having a very strong session on a huge uptick of...
28May10:18 amEST
Mount Everest is the New Hotel California
The recent slew of tragic deaths on the way up Mount Everest seems like a good lesson in taking unnecessary risks. On the one hand, we must acknowledge that plenty of choices in life come down to being comfortable with the idea of taking risk and dealing with uncertain outcomes. On the other hand, brazenly taking overly-aggressive risks...
27May2:34 pmEST
Memorial Day at Market Chess Cinemas
On this Memorial Day, I am going to re-recommend an overlooked mini-series. Whereas Band of Brothers (2001) deservedly received much attention and praise for its ten-part portrayal on HBO of the real-life "Easy Company" paratroopers on the western front in World War II, The Pacific (2010) is decidedly underrated. The Pacific was HBO's...
23May2:58 pmEST
All Eyes from All Angles
At the risk of being overly-dramatic headed into a holiday weekend, the S&P 500 Index is at the most critical of junctures. Thus, in lieu of discussing individual stocks on dips, the more relative issue will be whether buyers can, in fact, place a floor underneath this wobbly, headline-sensitive market. If so, then individual names, especially...
22May11:00 amEST
Swimming in Circles
Fish are typically seen swimming in circles when the school wants to stay put--A common response of schools attacked by predators is the formation of a circle. With respect to the current market, you might argue that the persistent trade war headlines combined with various glaring weak spots, namely the semis (with QCOM the concern du jour),...