MarketChess

06Sep10:32 amEST

A Lonely Place for Bears

One of the more interesting aspects about the way the current market is constructed is that despite some notable bearish signs, such as the small and micro-cap ETFs spending most of their summers below a declining 200-day moving average (typically a rather serious technical predicament), other parts of the market have proved to be remarkably...

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05Sep7:38 pmEST

Stock Market Recap 09/05/19 {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...

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05Sep11:00 amEST

Here Comes That Knock Again...

Despite an ugly post-earnings move lower in software growth play MDB, which seems to be upsetting some of the upside momentum software enjoyed yesterday, the China trade talks optimism combined with some upbeat macro data is sending the major averages much higher this morning. Both QQQ and SPY are breaking their respective ranges higher to...

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04Sep3:54 pmEST

Stock Market Recap 09/04/19 {Video}

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04Sep10:07 amEST

Coup d'état in Software

(Napoleon Bonaparte addresses the Council of Five Hundred during the Coup of 18 Brumaire) A sharp post-earnings gap higher in emerging software leader Coupa Software Inc. looks to have temporarily stopped the bleeding in what has been a lackluster performance by most software-related firms in recent weeks. While it may be a tad early to...

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03Sep3:40 pmEST

The Lighter and Darker Side of a Range

GM looks like a viable short idea, possibly bear-flagging on its daily chart, first below, underneath all moving averages.  On the other side of the tape, LRCX continues to exude excellent relative strength among the chips, seen on the second daily chart.  In order for bulls to find a silver lining to today's action in the broad market, it is...

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03Sep10:54 amEST

Comically Choppy Narrow Range

On the QQQ, at least, we have the comically choppy, narrow range from August spilling over into September.  Case in point, note the updated QQQ (ETF for the top 100 stocks in the Nasdaq Composite, by the way, which is the epitome of very best tech firms, essentially) daily chart, below, shows the moving average "sandwich" we tracked for Members...

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02Sep3:32 pmEST

Labor Day Overview and Analysis 09/02/19 {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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30Aug8:46 amEST

Hurricane Dorian Plays

Potential natural disasters, such as Hurricane Dorian currently barreling towards Florida, remind us of just how helpless we can be at times when it comes to Mother Nature. As traders, no one is rooting for death and destruction. Instead, we are simply aligning our views with reality--If Dorian strikes Florida hard then we want to be armed with...

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28Aug10:46 amEST

Invert, Always Invert

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”  -Charlie Munger All of this talk regarding the inverted yield curve certainly has me conjuring up the old Charlie Munger quote, above, although I recognize he was not referring to the bond market at all.  Still, "inversion" is the hot topic do jour again...

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