MarketChess

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...

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01Jul3:48 pmEST

An Interesting Exhibit

Zillow Group Inc. is a name I turned wildly bullish on a few months back, especially from a long-term perspective in the VIP arm of Market Chess Subscription Services.  My reasoning centered around the potential for the numerous shorts in this name to miscalculate just how much value management intends to extract and unlock from the firm's...

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01Jul11:31 amEST

Feels Like July

If you glance at seasonal statistics, July typically serves as something of a reprieve for bulls in the midst of the summer doldrums and periods of volatility if not outright correction. As we know, however, each year in the market has its own quirks. And we just completed a June for the books, especially with respect to the Dow.  Thus, even...

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30Jun11:51 amEST

Weekend Overview and Analysis 06/30/19 {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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28Jun11:18 amEST

BLOK or Charge? 06/28/19 {Video}

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27Jun10:53 amEST

Back Up to the Surface

Despite weakness in shares of Boeing (BA) weighing on the Dow Jones Industrial Average this morning, small caps in the IWM and tech as a group are soundly outperforming. Indeed if most bulls had their druthers I presume they would assuredly choose IWM QQQ strength virtually any day of the week in lieu of the Dow, on account of the higher beta...

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26Jun3:06 pmEST

Day Two

As we have discussed in recent blog posts here and with Members, it is worth keeping a close eye on any dips the precious metals and mining complex has this week. Specifically, after such a high buy volume breakout which initially ignored overbought conditions, as illustrated by the righthand side of the GDX (ETF for senior gold miners) daily...

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26Jun10:54 amEST

Roll with It or Get Rolled

Beyond headlines regarding positive developments in the U.S./China trade war talks, shares of large cap semiconductor Micron (MU) are jumping more than 12% as I write this to give bulls a breather after yesterday afternoon's slide.  To be sure, bulls must build on the early strength especially with respect to the small caps in the IWM...

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25Jun4:49 pmEST

Stock Market Recap 06/25/19 {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...

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25Jun3:32 pmEST

Ags: The Other Commodity Meat

Much like those commercials from the 1990s centered around the theme of pork being the "other white meat," ags and ag-related stocks somehow seem to be overlooked when parts of the commodity complex rally.  Case in point: The rally in precious metals and miners, not to mention a modest bounce in crude, seem to have more than overshadowed a...

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