MarketChess
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11May1:32 pmEST
Just Keep it Moving
It is almost breathtaking to see the manner in which buyers immediately recovered the breached and important $138 level on the Russell 2000's ETF, IWM, today. The reason why $138 has become such a critical battleground area is the number of tests just above and below it we have seen of late. Clearly, an epic battle is taking place and one side...
11May10:21 amEST
A Career of Comebacks
Dip-buyers have certainly earned their keep and built a well-deserved reputation as legends in this bull run over the last few years, yawning off even the most cautionary of exogenous events and even, at times, bearish of technical setups to propel stocks back to fresh highs. Given this morning's weakness in the broad market on the back of...
10May4:57 pmEST
Stock Market Recap 05/10/17 {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...
10May3:53 pmEST
A Well-Coordinated Relay Race
Despite another slow day on the major averages, with the S&P 500 negotiating 2400 yet again, quite a few individual names are worthy of attention on the long side. Moreover, bulls turned in a valiant effort of sustaining rotations into areas of the market which bears were counting on to bring us down, namely the small caps and energy plays. X...
10May1:35 pmEST
Introducing the New In-Flight Safety Video for Airplane Travel
Another brawl on a plane, this time on Southwest Airlines (LUV), is making headlines today. Overall, the airlines have actually performed quite well despite some ugly news flow over the last month or two. Also note how airlines have notably outperformed air couriers, like FDX UPS, with the latter two rather weak today and UPS still a viable...
10May10:58 amEST
Top Bird
As it stands snow, Twitter is actually the top holding by weight in the SOCL, ETF for social media stocks. And when you consider the bloodbath YELP is enduring after earnings, the apparent lack of any far-fetched sympathy selling in TWTR is all the more impressive considering its recent rally and thus any old excuse would figure to spawn a...
09May4:40 pmEST
Stock Market Recap 05/09/17 {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...
09May1:41 pmEST
Once You Go Ack, You Never Go Back: Valeant Edition
Working our way through the early afternoon portion of today's session, equities remain mixed as upside momentum is not showing much sense of urgency. We still have quite a few long setups on the radar. But certainly they could stand to benefit from bulls showing a better concerted effort than the lethargic trading we have again today. A few...
09May10:44 amEST
A New Paradigm
The Amazon-eats-the-retail-world narrative reached a crescendo in recent days, it seems, as Warren Buffett himself declared his own "s tupidity" for not buying shares of AMZN. Indeed, we know Jeff Bezos has executed brilliantly deserves plenty of credit. But that pesky argument that the rest of retail must now die to commemorate the...
08May4:36 pmEST
Stock Market Recap 05/08/17 {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...