MarketChess

02May10:49 amEST

Watered-Down Market

There is a colorable argument to be made that this market may very well be best served with a broad-scale, multi-day selloff which helps to reset many strong but extended charts in tech. Even the most steadfast bulls could appreciate such a scenario, which may come to fruition yet.  But on the back of some harsh earnings downside reversals...

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01May5:16 pmEST

Stock Market Recap 05/01/19 {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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01May10:51 amEST

Back to the Future Earnings

After trading higher last evening after earnings, spieling over into the pre-market trading this morning too, software growth play Twilio is suffering a classic "sell the good news" reaction during the cash session. As I write this, TWLO is off by more than 4.4% and sporting a rather ugly candlestick so far, as seen on the updated daily chart,...

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30Apr2:55 pmEST

Ready for Another Round?

Bulls are doing their best to shake off the ugly GOOGL selling today, although as I noted this morning when you put the Alphabet selloff into context of the overall chart it is tough to argue that the stock is crashing or dead in the water.  Still, a heavy sell program this morning definitely rattled bulls on an intraday basis, and as we head...

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30Apr11:54 amEST

Battling the Elements

On this final day of April we are already getting a potential sneak preview of the "Sell in May and go away" Wall Street phenomenon. Indeed, you can be sure that if we close poorly today many market players and pundits will have that old axiom on the tips of their tongues when the calendar flips tomorrow.  However, as we see the Nasdaq sell off...

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29Apr3:06 pmEST

Banking on It {Video}

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29Apr11:06 amEST

Homemade BlackBerry Wine

I am long BlackBerry for a swing trade with an $8.70 protective stop-loss. BB is a firm I have been tracking for a while now more than actually trading, as long-term turnarounds can be rather tedious and, ultimately, choppy to trade.  However, if and when the market deems the turnaround a success the stock can often rapidly morph into a...

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28Apr11:19 amEST

Weekend Overview and Analysis 04/28/19 {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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27Apr10:22 pmEST

Saturday Night at Market Chess Cinemas

I had originally blown off watching  Shutter Island (2010) for a good many years, as I had surmised from the previews that the film would be an exploitative adaptation of ‎Dennis Lehane's fine novel of the same name. In other words, I erroneously inferred from the previews, and then reviews, that the film essentially devolved into lead actor...

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26Apr11:13 amEST

A Far Cry from the Pony Express

One of the more fascinating ETFs to track in the coming quarters is the IPAY, focused on mobile payments plays. The ETF's prospectus notes that its mission statement, essentially, is to capitalizes on the shift from credit card and cash transactions to digital and electronic. There are several interesting ways to play this theme, with prominent...

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