MarketChess
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01Jun4:49 pmEST
Stock Market Recap 06/01/15 {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...
01Jun2:52 pmEST
Set to Rise on Hot Air
After taking a shellacking in recent weeks, the airlines look set to stage that inevitable snapback rally. I suspect the likes of AAL DAL LUV UAL could easily drift higher in early-June, though I am not too intrigued by them on the long side given their broken charts on multi-month timeframes. Instead, I prefer to stalk the likes of HAS GIMO...
01Jun12:38 pmEST
Looking More Black and White
After a strong open this morning, gold, silver, and the precious metals miners have faded most or all of those gains. I have been reticent to get involved in that complex of late, after trading it consistently in recent years for quick rallies and on casino downdraft in what is still a long, sloppy, sideways period of consolidation in...
01Jun10:12 amEST
You'll Want a Front Row Seat to This Summer Movie
The zoomed-out hourly chart of the IWM, ETF for the Russell 2000 small caps, offers good perspective on the current choppy market climate. Note the lower highs, but higher lows highlighted by the light blue lines I have drawn, indicative of overall indecision. Until this pattern resolves itself, and it may very well do so imminently as price...
31May2:43 pmEST
Weekend Overview and Analysis 05/31/15
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...
31May11:47 amEST
Add This One to the List
In a market full of divergences (which is not sufficient to declare a major top, but rather reinforces the scattered, choppy action as a whole), another one can be seen within the consumer staples sector. The storied Procter & Gamble is the top component in the XLP, consumer staple sector ETF. And PG is operating well below its declining...
30May7:31 pmEST
Saturday Night at Market Chess Cinemas
Last Tango in Paris (1972) manages to avoid the pitfalls of what could have been a very cheap exploitation of a film centered around steamy sex and carnal lust. Written and directed by the great Bernardo Bertolucci, this one is remembered for Marlon Brando's ambitious performance and his ability to perfectly counter Maria Schneider's sultry...
30May10:49 amEST
The Last Days of Lehman Brothers
With ex-Lehman CEO Dick Fuld giving his first speech in six years last week, here is an interesting and educational Saturday morning film about the collapse of the firm. via YouTube: The Last Days of Lehman Brothers is a British television film by the BBC. It was written by Craig Warner and directed by Michael Samuels. It was shown as part...
29May4:19 pmEST
Stock Market Recap 05/29/15 {Video}
If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!
29May2:50 pmEST
Update on the Eastern Front
It is interesting to see the inability of the oil-centric Russia (RSX) to bounce today, even as crude rallies. Into next week, I reckon something has to give on that front, with Russia either on the brink of another sharp mov down or instead finally stages a snapback bounce. Regarding crude itself, though, on a standalone basis we can see...