MarketChess
Showing articles 2101 - 2110 (6601 total)
10Jul2:30 pmEST
It's Always a Rough Trip to Value Town
As the market is prone to do at times when it corrects, some small cap names seem to inevitably fall through the cracks even after the broad market has recovered. Case in point: Secureworks Corp (SCWX), currently sporting a $1 billion market cap in the cybersecurity space, enjoyed a glorious late-January/early-February rally only to give it...
10Jul10:45 amEST
Extending the Ride
The slightest hint at a Fed rate cut later this year by Chair Powell this morning apparently served to pop futures higher into the open. As a result, the S&P 500 Index surpassed 3,000 for the first time ever, though that factoid may amount to more ballyhoo than actual substance, since that price level has no technical significance and, at best,...
09Jul5:56 pmEST
Stock Market Recap 07/09/19 {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...
09Jul11:07 amEST
Appreciate the Symmetry
Alongside small caps in the IWM, the semiconductors were an integral part of both the May selloff and June snapback rally. Currently, the semis are trying to reemerge from a controlled, multi-day bull flag on the SMH, sector ETF pictured on the daily chart, below. Note the last several sessions featuring low sell volume as price drifted lower...
08Jul3:23 pmEST
Let's Crack Open the Other PBR This Summer
PBR is shorthand for Pabst Blue Ribbon, a classic American pilsner. It is also the ticker symbol for Petróleo Brasileiro S.A. (Petrobras) a semi-public Brazilian oil giant headquartered in Rio. As Members know, Brazilian stocks have quietly been on a tear in recent weeks, with the EWZ country ETF outperforming China and printing multi-month...
08Jul10:51 amEST
Low and Slow
With negative headlines and weakness in shares of both AAPL and DB this morning, we have some broad market softness starting the post-holiday week off on a dour note. The pace of the selling in the first hour or so smacks more of a "low and slow" market being grilled rather than a fast burn for bears, which is fairly typical of summer action...
07Jul5:39 pmEST
Weekend Overview and Analysis 07/07/19 {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...
05Jul3:01 pmEST
Find Your Inner Trading Peace This Summer
Naturally, it is a bit rich to assign too much significance to any one trading session, let alone the Friday after the Fourth of July. Nonetheless, bulls have done an admirable job of stabilizing an initial thrust lower after a strong jobs report caused some stir that the Fed will not cut rates later this year. As I write this, I see plenty of...
03Jul3:45 pmEST
Stock Market Recap 07/03/19 {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...
02Jul10:05 amEST
Cheap Shots During Independence Day Week
My BlackLine long is taking it on the chin this morning after a rare "double downgrade" by an analyst at Goldman Sachs from a Buy rating all the down to a Sell rating. For this to happen during a holiday week, low volume and all, seems a bit dodgy if not a cheap shot, and, naturally, my bullish bias towards BL has me even more skeptical of...