MarketChess

07Jul5:19 pmEST

Saturday Night at Market Chess Cinemas

Available on Amazon Prime,  Bravo! Common Men, Uncommon Valor (2011) is easily one of the best full-length documentaries I have seen in quite a few years. Kudos to co-directors Ken Rodgers and Betty Rodgers (with Ken as the writer) for brilliantly and seamlessly weaving together the stories of fifteen former Marines and Navy Corpsmen who tell...

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06Jul3:10 pmEST

Let Me See Your Trade War Face

It is shaping up to be a rather amusing tidbit, regarding this week's price action in equities, that one of the few victories bears can claim is that failure of Tesla Motors to not only cement a runaway short squeeze higher after a promising rally in June, but TSLA then lost its 200-day simple moving average amid high volume selling as its...

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06Jul10:58 amEST

Rays of Light for Biotech Bulls

It is tough to argue with the notion that many large cap biotechnology issues, housed in the IBB ETF, have been a drag on the sector as a whole for a good while now. While it is true that the smaller and mid-cap biotech issues in the XBI ETF have stumbled at various times, especially during the ASCO conference in early-June, the reality is that...

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05Jul3:53 pmEST

Stock Market Recap 07/05/18 {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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05Jul10:36 amEST

Sift Through the Summer Drift

Despite an opening gap higher off the overnight strength in the futures session, market players who came back off the holiday eager for energetic action figure to be somewhat disappointed this morning. Indeed, many stocks on my screens early on are well off session highs, though I am looking to see if bulls can regroup for another push higher...

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04Jul3:26 pmEST

Happy Independence Day from Market Chess!

(Pictured above is a photo from New Your City on July 4th, 1912, Independence Day Parade) At times, the stock market can seem like a neverending grind. The market never closes for anything remotely close to a full week. And even three day weekends are rare.  Thus, when we have a major holiday like Independence Day fall during the middle of...

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03Jul11:04 amEST

Don't Just Stand Still and Look Pretty

The precious metals and miners have a clear trend over the last two-plus years. And that trend would be this: They have been uniquely trend-less.  Indeed, gold bugs and steadfast bears alike have been frustrated intermittently, with head-fakes in both directions and the net result being a whole lot of nothing going in the precious complex. And...

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02Jul3:57 pmEST

Follow-Up on Monthly Candlestick Analysis {Video}

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02Jul10:45 amEST

Range Within a Range; And Don't Forget About Danny Ainge

A gap down on more trade war headlines kicks off this holiday-shortened week, as I suspect more than a few market players are just about ready to head to the beach and forget about stocks for at least a week or so, if not longer.  However, there are some impressive relative strength issues which have already been sporting sound charts this...

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01Jul10:29 amEST

Sunday Matinée at Market Chess Cinemas

On this weekend leading up to Independence Day on the Fourth of July, I think it is appropriate to re-recommend an all-time great television series. And that would be the AMC series, "TURN: Washington's Spies," currently available on Netflix.  This series is a true story; a spy thriller set in the American Revolution. It is fabulously done and...

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