MarketChess

31Jul10:47 amEST

Back to Shore

Despite a solid open for the Dow, with even tech stocks green, the small cap weakness again seems to be dragging down the market here, once again. On the updated IWM daily chart, below, the ETF for the Russell 2000 small cap index illustrates the recent breakout to fresh highs was short-lived, as price is now soundly back inside the a prior...

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30Jul3:13 pmEST

Weekend Overview and Analysis 07/30/17 {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 mark Please click here  for more...

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29Jul11:37 amEST

Saturday Night at Market Chess Cinemas

End of Watch (2012) stars Jake Gyllenhaal and Michael Peña as two LAPD officers  who work in south central  Los Angeles as partners . Not only is the film entertaining, moving at a steady pace, but it is also refreshing in that it deviates from the path many films take. Specifically, while plenty of films focus on police corruption--including...

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28Jul1:27 pmEST

Midday Analysis 07/28/17 {Video}

The following video is an example of the daily, intraday videos I present to Members of the Market Chess Subscription Services. Please click here for more details about joining the service to add value to your process as a trader. I hope you enjoy the video. Have a great summer weekend! 

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28Jul10:08 amEST

A Venti Breakout? Not So Fast, My Friend

The monthly chart of Starbucks, a major consumer name, illustrates a point worth noting about some f the more prominent, multi-year winners in this market--Their long-term charts are a bit concerning insofar as covering much ground since 2009, then possibly forming a new consolidation before apparently breaking out earlier this year.  But what...

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27Jul3:45 pmEST

Transportation Sector Analysis {Video}

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27Jul10:36 amEST

The Official Theme Song for Team Twitter

It's gonna take time A whole lot of precious time It's gonna take patience and time, um To do it, to do it, to do it, to do it, to do it To do it right child  Got My Mind Set on You   -George Harrison The Facebook gap higher after earnings today stands in stark contrast to another unforgiving market reaction to Twitter's. At the moment,...

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26Jul4:37 pmEST

Stock Market Recap 07/26/17 {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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26Jul3:14 pmEST

Eyes Wide Shut to This Mask

Although we have seen a fairly muted reaction to the Fed, thus far, the most concerning aspect about today's price action in equities is that the stodgy, mega cap names in the Dow seem to be masking weakness in the small caps. And that spread is only more concerning as I write this, with IWM pushing session lows while the likes of Boeing in the...

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26Jul9:58 amEST

Royal Gold in a Fool's Gold World

Gold bugs can only hope that their precious miners follow the lead of some of the more industrial materials miners this summer, namely BHP FCX PKX, among others, in terms of waking up from a multi-quarter correction.  At the moment, though, they are staring down the business end of a fresh FOMC decision and statement later today, not to mention...

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