MarketChess

23Jun3:51 pmEST

A No-Nonsense Setup

Into the bell, amid a day where mega cap tech dominates alongside various virus plays and some momentum names like NKLA, it seems worth reiteration a prior point we have made regarding the silver metal. On the SLV ETF quarterly chart, below, the potentially disastrous breakdown below $13 continues to look like the ultimate bear trap to usher in...

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23Jun10:52 amEST

Hot Tamales for Breakfast

More often than not we spend most of our time focused on the major indices, leading sectors, mid or larger cap stocks which trade with good liquidity, and the generally significant parts of the market.  At times, though, we look downstream for some more speculative ideas. This morning, for example, two plays stand out: The micro cap gold...

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22Jun3:58 pmEST

Stock Market Recap 06/22/20 {Video}

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22Jun11:11 amEST

Has Mr. Corona Even Filed for His Gaming License Yet?

It has been a full month since we examined the lingering psychological and behavioral issues likely to throw cold water on various casino bullish theses as Las Vegas has already begun the reopening process. To summarize, the increased pandemic safety measures being put in place across various casinos were likely to have a risk-averse...

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21Jun10:27 amEST

Weekend Overview and Analysis 06/21/20 {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 more...

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20Jun7:02 pmEST

Saturday Night at Market Chess Cinemas

Following in tradition for this website on Father's Day Weekend, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. He took great care of himself, especially as he reached middle age, but an aggressive form of brain cancer...

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19Jun12:28 pmEST

Berries Were Always Better Than Apples Anyway

Call me crazy and brazen (or worse) if you will but I am a short-seller of any firm with a $1.5 trillion (with a T) market cap which subsequently announces they are re -closing stores in states like Florida, Arizona, the Carolinas, etc. due to the recent virus outbreaks there. I know that Apple has seemingly been un-shortable, a...

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18Jun4:19 pmEST

Stock Market Recap 06/18/20 {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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18Jun11:30 amEST

A Leisurely Grind

The major averages are mostly sloshing around this morning, with bears initially failing to pounce on the airlines and cruse lines, like CCL, displaying early weakness. Overall, the action smacks of the typical stock market early-summer grind, oblivious to pandemics, riots, Michael Bolton, The Fed, and Lord knows what else. On the upside, names...

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17Jun10:46 amEST

Don't Mess with Texas; But if You Do...

If you do choose to mess with Texas, as it appears the Coronavirus most certainly is at the moment with the state reporting a fifth record jump in hospitalizations , then demand for PPE is highly likely to stay strong to protect those healthcare workers on the front lines. Indeed, as we have noted both here and with Members, stocks like APT...

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