MarketChess

05Jul10:36 amEST

Sift Through the Summer Drift

Despite an opening gap higher off the overnight strength in the futures session, market players who came back off the holiday eager for energetic action figure to be somewhat disappointed this morning. Indeed, many stocks on my screens early on are well off session highs, though I am looking to see if bulls can regroup for another push higher...

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04Jul3:26 pmEST

Happy Independence Day from Market Chess!

(Pictured above is a photo from New Your City on July 4th, 1912, Independence Day Parade) At times, the stock market can seem like a neverending grind. The market never closes for anything remotely close to a full week. And even three day weekends are rare.  Thus, when we have a major holiday like Independence Day fall during the middle of...

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03Jul11:04 amEST

Don't Just Stand Still and Look Pretty

The precious metals and miners have a clear trend over the last two-plus years. And that trend would be this: They have been uniquely trend-less.  Indeed, gold bugs and steadfast bears alike have been frustrated intermittently, with head-fakes in both directions and the net result being a whole lot of nothing going in the precious complex. And...

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02Jul3:57 pmEST

Follow-Up on Monthly Candlestick Analysis {Video}

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02Jul10:45 amEST

Range Within a Range; And Don't Forget About Danny Ainge

A gap down on more trade war headlines kicks off this holiday-shortened week, as I suspect more than a few market players are just about ready to head to the beach and forget about stocks for at least a week or so, if not longer.  However, there are some impressive relative strength issues which have already been sporting sound charts this...

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01Jul10:29 amEST

Sunday Matinée at Market Chess Cinemas

On this weekend leading up to Independence Day on the Fourth of July, I think it is appropriate to re-recommend an all-time great television series. And that would be the AMC series, "TURN: Washington's Spies," currently available on Netflix.  This series is a true story; a spy thriller set in the American Revolution. It is fabulously done and...

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29Jun10:52 amEST

The Motion in the Market's Ocean

The major averages are still largely rangebound, especially the S&P 500 and Dow Jones Industrial Average, while the small caps in the Russell and tech plays in the Nasdaq Composite remain a few percent off recent highs.  However, with bulls defending the big, round 2,700 level on the S&P yesterday, as well as the 50-day simple moving average,...

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28Jun10:59 amEST

June Candles Might Steal Your July Beach Sandals {Video}

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27Jun2:51 pmEST

Hey, Dr. Jones, No Time for Love

An ugly downside reversal around high noon on the east coast has me lightening up an already-very light trading portfolio this afternoon. Although there are quite a few individual names I remain impressed with, I am not looking to fall in love with a market which is clearly not going to love me back, at least for now. In general, the constant...

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27Jun10:41 amEST

Develop Those Pieces

The rotation into the energy complex the last two sessions complements the recent strength we have profiled here and for Members in the sector. Indeed, the persistent crude oil strength accompanied by many individual energy stocks has surely been a mitigating factor in evaluating the bear case in this week leading up to the Fourth of July...

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