MarketChess
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22Mar11:13 amEST
Assessing the Damage
A post-earnings selloff in Dow component Nike coupled with fears about slowly growth in the economy at-large, seem to be the reasons du jour for a broad market dip this morning. When see a prominent Dow holding like NKE off by more than 5.5% it is almost always going to pressure the Dow itself a bit. But regarding the other major indices the...
21Mar3:24 pmEST
Let's See Even More Heart Now
Despite the U.S. Dollar snapping back today after yesterday's remarkably dovish FOMC, precious miners fought back to green this afternoon and bucked the traditional inverse relationship between the Dollar and gold/miners. For a while now we know that precious miners have steadily improved, dating all the way back to a trough in September 2018....
21Mar11:38 amEST
March Madness Plays
(Above graph courtesy of @JeffDLowe on Twitter and of Barstool Sports) With the NCAA Men's Basketball Tournament already underway with the play-in games the last two nights, the traditional tournament games tip off this afternoon. Unlike the Super Bowl, the NCAA tourney's television ratings are not quite as strong as you think. The games are...
20Mar5:28 pmEST
Stock Market Recap 03/20/19 {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...
20Mar11:03 amEST
Oozing Confidence
Some index weakness in front of the FOMC later today is driving home the point that this market continues to digest recent gains as we approach both the end of the month and first quarter of trading. It remains to be seen if the Fed is bold enough to talk up a hawkish game this afternoon, one which could spook markets, or instead if they...
19Mar5:42 pmEST
Stock Market Recap 03/19/19 {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...
19Mar10:33 amEST
A Market Surfing the Highs
Even with small caps flipping slightly red as I write this, the broad market is largely hanging onto gains since Christmas and, in some cases, building on them yet. To be sure, looking for a near-term market top seems like it is overdue. However, that's just it: Sentiment is far from euphoric and stocks mostly are not cracking. If anything,...
18Mar2:36 pmEST
Not Necessary for Lightning to Strike Twice
The headline this morning read that FIS is set to buy Worldpay, an E-Commerce payments processor, for $34 billion. For a while now, we know that the payments space has been exuding impressive growth and has often enjoyed obvious institutional sponsorship. So even if more M&A does not come (i.e. lightning striking twice), we still want to keep...
16Mar9:26 pmEST
Saturday Night at Market Chess Cinemas
In honor of this St. Patrick’s Day's Eve, a great Irish film to see is My Left Foot (1989), starring the legendary Daniel Day-Lewis, Brenda Fricker and Alison Whelan. Day-Lewis won the Oscar for Best Actor which effectively put him on the map as one of the finest actors in the businesses. And it has been that way ever since. Via imdb.com ...