MarketChess

03Dec11:31 amEST

Putting the Hype in Hyperbole

Despite some more impressive dealmaking in the biotechnology sector, this time with BOLD up more than 100% as I write this after Japanese drugmaker Astellas Pharma bought the company for around $3 billion, the broad market remains in pullback mode as trade war headlines reemerge.  Clearly, the lingering threat of new tariffs used as a...

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02Dec3:39 pmEST

It's OK to Be a Turncoat in the Market

Years ago after Tesla's jaw-dropping rally well into early-2014 I remember that I garnered quite a bit of internet support from noted TSLA and Elon Musk bears who would have loved nothing more than to see the stock, CEO, and company burn to the ground. At the time, I simply saw a chart so extended that the likely outcome was either sideways or...

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01Dec7:40 pmEST

Weekend Overview and Analysis 12/01/19 {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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28Nov5:04 pmEST

Thanksgiving Night at Market Chess Cinemas

It has been a while since we have discussed recommended films and television series. Frankly, I am a tough critic when it comes to what I enjoy watching. Mind you, I am open to various genres and do not thumb my nose at comedy or any kind of fantasy. But it must be entertaining and not rely on tired formulas or regurgitated comic book...

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27Nov1:36 pmEST

Black Friday and Holiday Season Retail Preview 11/27/19 {Video}

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26Nov11:45 amEST

Purple People Eaters Line Up for Black Friday

Purple Innovation Inc. (PRPL) is a small cap, low-priced, and fairly thinly-traded retail stock. But that's just it--Small caps and retail stocks are suddenly back en vogue as we head towards the quasi national holiday known as "Black Friday" for the post-food coma shopping bonanza. Purple is an interesting firm, claiming to have the "best...

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25Nov2:52 pmEST

A Thanksgiving Side Dish No More

(Most popular Thanksgiving side dishes by state, according to Google Trends) No longer an afterthought for this market, or worse yet an impediment for the bull case, the small cap issues housed in the Russell 2000 Index are making an emphatic move today to kick off the holiday week.  On the zoomed-out IWM (ETF for the Russell) daily chart,...

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21Nov10:46 amEST

Bide Your Time, for the Bigger Game Awaits

Despite some more dealmaking this morning, namely SCHW buying out AMTD (which, by the way, the market is wholeheartedly celebrating since the acquiring firm, SCHW, is higher by 8% in addition to AMTD up around 20%), the broad market remains in near-term pullback mode after a multi-week advance on the major indices.  Naturally, bears will argue...

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20Nov11:09 amEST

Organizing the Chaos

Despite a post-earnings rally from Target attempting to cancel out the Home Depot selloff yesterday in the larger cap retail space, the broad market generally came out of the gate sluggishly this morning. However, small caps and software displayed some notable early strength. And as I write this that continues to be the case alongside some good...

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19Nov12:39 pmEST

Stay Opportunistic, Yet Vigilant

Quite a few biotechnology and healthcare stocks have suddenly caught fire of late, with Karuna Therapeutics Inc. (KRTX) the face of the current rally, on an improbable and exhilarating run this week from $17 to $152.   The party may have more fun yet to come, though we know biotech always presents its own unique set of risks. On the one hand,...

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