MarketChess
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02Feb11:56 amEST
Big Tree Fall Hard
With financials weak once again, and potential major red flags like DB unable to find a bid below its 2008 crash lows, LendingTree remains a viable short idea. On the updated daily chart, below, big TREE has had several weeks to grind back up and alleviate some short-term oversold conditions. Earnings are not for another few weeks, and if TREE...
02Feb10:35 amEST
Light and Tight Are Right
In this market environment, keeping positions light while also keeping a general tight leash on all trades has served us well in terms of not over-extending ourselves into a myriad of overnight gaps, either way, in recent weeks. As we discussed for Members this morning, it is apropos that on Groundhog Day stocks are faced with the same task of...
01Feb5:05 pmEST
Stock Market Recap 02/01/16 {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...
01Feb3:36 pmEST
Over-Under on the Half Underwater Market
For at least the last few sessions, crude oil and equites have detached a bit from a previously very sensitive correlation. While I would not assume the correlation is finished, once and for all, it may very well buy bulls a few more days of a relief rally, especially with the S&P 500 Index on track to close back over its 20-day simple moving...
01Feb12:43 pmEST
Someone Talked!
Stocks failed to follow-through on some boucle attempts this morning, as bulls and the potential to really trap in bears shorting the weak open. True, FB GOOGL NFLX PCLN TSLA are firmly in the green here, but below the surface not much else is moving with upside energy. Speaking of energy, another issue this afternoon will be whether the crude...
01Feb10:50 amEST
All Eyes on Prior Support
Some major market leaders like NFLX and TSLA are back down to prior important price levels, in terms of buyers showing up previously to defend the growth leaders against further significant breakdowns. Given the opening move lower this morning in the broad market, it is likely all the more important now for buyers to defend this names in order...
31Jan3:28 pmEST
Weekend Overview and Analysis 01/31/16 {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...
31Jan11:53 amEST
Sunday Matinée at Market Chess Cinemas
One-Eyed Jacks (1961) is probably not at the very top of list of films starring Marlon Brando which immediately comes to mind for many people. But it is certainly worth a viewing, as Brando wound up directing the picture after Stanley Kubrick was fired. In fact, this is Brando's only film which he directed. The film is largely centered around...
29Jan2:48 pmEST
Let's Hope Zika Goes the Way of Zima
With news of the Zika Virus spreading to the United States, it is easy to conjure up the Ebola panic a few years back. The obvious HazMat suit plays back then were APT and LAKE, with LAKE currently being the more liquid and viable play over $13. However, in the case of Zika it is probably best to watch to preventive/treatment plays in...
29Jan12:43 pmEST
The Real Champion Might Be Gassius Clay
While most market players are closely watching the wild swings in the crude oil pits, what with the constant news flow and apparent (until today) correlation to equities, natural gas may the champion of the two who floats like a butterfly and stings like a bee. On the daily chart of the UNG ETF, below, holding over $8.40 now would be very...