MarketChess
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19May5:03 pmEST
Stock Market Recap 05/19/15 {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...
19May2:48 pmEST
Balancing Out the Highs
A few leaders like AMZN are coming in a bit this afternoon. But, on the whole, the market is doing its usual job of hanging in there, with small caps the Russell 2000 Index well off the lows of the session. Netflix may very well be a big tell here, seen on the daily chart, below. Note today's small "doji" candlestick outside its upper...
19May12:29 pmEST
Slippery When Wet
While the market drifts into the afternoon, crude oil is confirming suspicions that the recent breakout was slippery. On the updated daily chart for the USO, crude oil ETF, note price gapping down out of the highlighted pennant (purple lines). And now crude is back down below the breakout level dating back several months. In addition, energy...
19May10:23 amEST
From Russia, Fickle with Love
Small caps are lagging the market this morning, as overnight strength in the futures has been fading. Still, pockets of momentum are playing out, such as in a the ESPR long we have been playing over on the private Twitter feed. In addition, natural gas has the look of a runaway freight train, ignoring even the rally in the Dollar while other...
18May4:58 pmEST
Stock Market Recap 05/18/15 {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...
18May2:47 pmEST
A Confluence of Energy
With the S&P 500 Index making a fresh all-time high today, there are certainly some bright spots for bulls, namely in the healthcare and technology spaces. In addition, financials are still plowing higher after failing to breakdown in recent weeks. But breakout plays are still not across the board, as seen by the CSIQ downside reversal this...
18May12:11 pmEST
Lunch is for Wimps So Here is an Icahn/$AAPL Blog Post
On the back of Carl Icahn's comments this morning about AAPL, the stock is up over 1% as I write this. I posted a note on Stocktwits over the weekend that the $130.57 level, just above spot price, was likely to be the initial hurdle for bulls to clear. In the meantime the stock is rangebound after a strong rally over the winter months. And...
18May10:12 amEST
The Goldman Golden Magic Hour
With one week before the unofficial start of summer, Goldman Sachs may very well be entering the "magic hour," where we will see if the grind higher amounts to big financial taking the rest of the XLF sector along with it. On the updated daily chart, below, note the move to $205 this morning followed by an initial fade outside the upper...
17May2:20 pmEST
Weekend Overview and Analysis 05/17/15 {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...
17May10:38 amEST
Six Things Happy People (and Traders) Never Do
Courtesy of the Marc and Angel Hack Life website, here are some concepts which apply to a sound mind in trading and the markets, too, beyond life in general. Happy people do a lot of things. They spend time expressing gratitude, cultivating optimism, practicing kindness, nurturing loving relationships, committing to meaningful goals, savoring...