Gap Up and Trap

24May7:15 pmEST

Memorial Day Weekend at Market Chess Cinemas

First and foremost, I have high expectations for HISTORY channel's three-night miniseries event, “Grant,” which will premiere over three consecutive nights beginning on Monday, May 25th at 9PM ET/PT--See the preview, below. The television event will chronicle the life of one of the most complex and underappreciated generals and presidents in...

22May11:26 amEST

Social Consciousness and the Gaming Industry

Recent success by shares of DraftKings (DKNG) after they finally went public underscores the changing landscape of the gaming industry, as the online sports wagering and gaming sector is looking at tremendous growth prospects in the coming decade. Going back over a century now, we know that the city of Las Vegas itself has evolved as the...

21May4:21 pmEST

Stock Market Recap 05/21/20 {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...

21May11:28 amEST

Market Prima Donnas Set a High Bar

With a market cap nearing 2/3 of one trillion American Dollars (freshly-printed and all), Facebook is undoubtedly turning into one of the modern diva stocks of this century, heretofore. Since the lows March, the rally FB has turned in has been nothing short of magnificent, seen below on the zoomed-out daily timeframe. FB, one of the "FANG"...

20May6:24 pmEST

Stock Market Recap 05/20/20 {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...

20May11:06 amEST

Changing Levels

Much like a deceptive baseball pitch, this market is changing levels and speeds again. After a hard reversal lower yesterday afternoon on the back of some dour news from MRNA, a Nasdaq-led rally immediately this morning is recapturing those losses, led by both AMZN and FB printing new highs. Even as Lowe's (LOW) fades after earnings a bit, but...

19May4:24 pmEST

Stock Market Recap 05/19/20 {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...

19May11:22 amEST

Open for Business but Not Business As Usual

In the early going of today's session we have a mixed bag with respect to the major indices, with the Nasdaq and semiconductors doing some heavy lifting to the upside while banks, energy, and biotech lag. In addition, it is somewhat opposite of yesterday's session, with the extended lockdown winners bouncing back after they glaringly lagged...

18May3:56 pmEST

Joined At the Hip

What do BYND CHWY DOCU NFLX RNG TDOC WORK ZM all have in common? Well, they have been nicely winners stemming from the events of the last few weeks and/or months, namely the pandemic and lockdown and subsequent consequences, intended or not. Today, however, they are all in the red, some deeply so and some mildly. Either way, we can see the...

18May10:29 amEST

Gap Up and Trap

A sizable opening gap higher to kick off this week leading up to Memorial Day Weekend makes new entries tougher to nail down. By now, we are used to the overnight futures market taking on a prominent role for the cash session, with these opening gaps becoming even more of the norm since late-February. As a result, more traps than usual have...