MarketChess

08Jan11:35 amEST

Relax and Enjoy the Game

If nothing else, the BREXIT and President Trump initial selloffs overnight in the futures markets back in 2016 should have been a lesson heeded that markets which are in established uptrends rarely "crash from the top." In other words, the knee-jerk reaction for many during those futures selloffs in June 2016 for BREXIT and then November 2016...

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07Jan3:49 pmEST

Two for Tuesday 01/07/20 {Video}

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07Jan11:42 amEST

The Party, The Hangover, Then the Opportunity

UBER, LYFT, and BYND were three of the hotter IPOs from the spring of 2019. There was indeed much ballyhoo surrounding all three IPOs, as all three stocks enjoyed initial sharp rallies before running into some heavy and steady selling ever since, for the most part.  It is understandable why the hoopla surrounding Uber, Lyft, and Beyond Meat was...

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06Jan3:28 pmEST

Here's the Thing...

Software is rather impressive today as we (and many others) noted earlier. Biotechs reversed back to green, as did the indices.  But here's the thing... Something slipped through the cracks today which normally would have garnered more attention.  Yum Brands (YUM, owner of KFC, Taco Bell, etc.) is going to buy Habit Burger Grill (HABT) at $14...

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06Jan11:18 amEST

The Linchpin for This Market Right Now

A linchpin, also spelled linch pin, lynchpin, or lynch pin, is a fastener used to prevent a wheel or other part from sliding off the axle upon which it is riding. With continued headlines regarding escalating tensions towards Iran over the weekend, not to mention a still-elevated CNN Fear & Greed Index (although there still may be too many...

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05Jan11:48 amEST

Weekend Overview and Analysis 01/05/20 {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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04Jan11:52 amEST

The Long Depression: Panic of 1873

Below, you will find a fascinating short clip. For more on this topic, see this PBS article relating to the Ken Burns' documentary. 

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03Jan10:39 amEST

Known Unknowns

One of the more interesting psychological aspect about last night's headlines regarding a White House-ordered U.S. airstrike killing top Iranian Military General, Qassem Soleimani, is how quickly many were to jump to conclusions about the fallout from this news. Instant predictions for World War III were quite popular, as were praise and harsh...

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02Jan2:12 pmEST

Software Keeping Bears Soft

The strength seen in many of the software names housed the IGV and HACK ETFs (with the latter focused on cybersecurity issues), seems worthy of the a Steve Ballmer dancing GIF given the weakness in small caps and many biotechs today. Heck, even the mid-caps are weak in the MDY, sporting a similarly red, prominent candlestick on daily timeframes...

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02Jan11:07 amEST

Newfound Resolve for the New Year

Software, semiconductors (e.g. AMD), and overlapping China plays related to those two sectors are clearly stealing the show on the long side in this first trading session of 2020, so far. Their strength seems to be offsetting the weakness in small caps and biotech, too, with the IWM and IBB XBI all dipping slightly as I write this. Clearly, the...

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