Comically Choppy Narrow Range

09Sep5:30 pmEST

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

09Sep10:46 amEST

Eyes Wide Shut Market

Glaring relative weakness in the software space and indeed many growth stocks again this morning continues to throw cold water on any noted technical progress the major averages appear to be making. Thus, despite the QQQ (ETF for the top Nasdaq stocks) flagging tightly above its 50-day moving average after last week's rally, it is impossible to...

08Sep12:39 pmEST

Sunday Matinée at Market Chess Cinemas

Currently available on Amazon Prime here , Operation Finale (2018) is a very fine film which is certainly worthy of a viewing, regardless of your knowledge of the real-life events the film portrays. The acting is strong across the board, with well-known actors like Ben Kingsley still in top form, while lesser-known actors like Oscar Isaac...

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...

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...

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...

04Sep3:54 pmEST

Stock Market Recap 09/04/19 {Video}

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...

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...

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...