MarketChess

12Apr11:15 amEST

Just Your Standard, Much-Needed Oil Deal

After lagging the rally in crude oil itself at various points in 2019, energy stocks seemed to be waiting on more bullish assurances before engaging in a broad-based move.  And we may have just that this morning, as the Chevron deal for Anadarko (APC) may be kicking off a new wave of M&A in the oil patch (with OXY in the mix as another bidder...

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11Apr3:07 pmEST

Good Gamble, Bad Gamble 04/11/19 {Video}

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11Apr10:53 amEST

A Great Wall Leads to Choppy Waters

After yesterday's promising upside action in many biotechnology and healthcare issues, those sectors are noticeably lagging a flattish, mixed tape this morning. For a while now, traders have been frustrated by the choppy action we have seen across healthcare and tech in general, as many hot growth names have taken the last several weeks, if not...

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10Apr8:21 pmEST

Stock Market Recap 04/10/19 {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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10Apr11:08 amEST

A Narrow Opening

Despite Boeing leading the Dow lower early on, many growth software stocks in the IGV ETF are back to assuming leadership for the broad market. At issue now is which side will prevail, the small caps in the IWM also bouncing back nicely after yesterday afternoon's poor close for bulls. Other software standouts this morning are the likes of DOCU...

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09Apr3:19 pmEST

Back to Basics 04/09/19 {Video}

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09Apr10:56 amEST

Remember the Alamos

Slight relative strength in tech and medical tech stocks this morning is helping to cushion the blow of a sharp move lower in the Dow. In fact, as I write this the IGV and HACK (enterprise software and cybersecurity sector ETFs, respectively) are either flat or green.  That said, I suspect a bunch of even the mightiest of software names may...

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08Apr3:29 pmEST

Surviving a Jurassic Park of Resistance

In a video for Members in recent weeks we covered a long-term look for the Philadelphia Semiconductor Index, the "SOX." As you know, the chips were at the epicenter of the Nasdaq dot-com bubble at the turn of the century. But on the return trip to those 2000 highs we expected at least some pause over a period of months, if not quarters, as...

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08Apr10:27 amEST

Selling with an Eye Towards a Buy

I sold down the rest of a SNAP long first thing this morning inside Market Chess Subscription Services, mostly looking to take advantage of the stock receiving another upgrade in the face of a weak tape.  Still, part of me wanted to hold SNAP for an even bigger win, as it human nature. That said, the weekly chart, below, illustrates just how...

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07Apr12:44 pmEST

Sunday Matinée at Market Chess Cinemas

Recently released digitally on March 29, 2019, on Netflix, The Highwaymen gives a fresh perspective on well-known phase of America during the Great Depression. The film follows Frank Hamer and Maney Gault (Kevin Costner and Woody Harrelson, in top acting form), two Texas Rangers who attempt to track down and apprehend notorious criminals...

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