MarketChess

18Dec1:01 pmEST

The Digestif Phase of the Holiday Rally

A digestif is an alcoholic drink served after a meal, intended to aid in the digestion of food.  In light of the FDX 10% selloff to reinforce just how bearish of a chart it is on intermediate-term timeframes the rest of the market could have easily used it as an excuse for a broad-based pullback. Instead, we have more of a mixed consolidation...

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17Dec12:04 pmEST

Peloton Pressing (and Pedaling) Forward

The declaration by Citron Research last week that Peloton was only a $5 stock masquerading as a momentum stock in the $30s served as a gut check for the recent IPO. Peloton initially sold off, as we often see initially after Citron vocally declares a bold short thesis via social media.  We always want to see how well or poorly a hot momentum...

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16Dec6:24 pmEST

Stock Market Recap 12/16/19 {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...

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16Dec2:22 pmEST

Slow and Steady...Until it is Not

Part of the Tesla bull thesis I laid out last Monday in this blog post centered around the long-term TSLA chart, updated below on the monthly timeframe. Considering how volatile of a stock, company, and CEO Tesla has surrounding the news flow and rumors (founded or not), it is rather remarkable that the long-term view has remain relatively...

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12Dec11:36 amEST

Grandma Bear Got Run Over By a Reindeer and a Trade War Tweet

Another round of renewed optimism for an imminent "big deal" with China seems to have coincided with a nice pop in the broad market this morning not long after the opening bell rang.  While quite a few software stocks continue to lag, semiconductors are still seeking to offset a chunk of that damage. Micron, with earnings under a week away, is...

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11Dec12:21 pmEST

Not Quite the Christmas Market

It is worth remembering that the official "Santa Rally" is still a few weeks away according to Wall Street lore: It falls during the last five trading days in December and the first two trading days in the following January. Thus, today's weakness in many growth stocks, glaringly so in the case of PTON (in no small part due to another Citron...

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10Dec12:04 pmEST

Biotech: How Sweet is Too Sweet?

A fierce rally in the biotechnology sector which began in early-October may very well seem ripe to finally crack. However, it i worth remembering that momentum is a uniquely powerful aspect of markets, particularly when a flurry of mergers and acquisitions occurs at impressive premium. That is precisely what we have seen in many instances over...

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09Dec2:21 pmEST

I Am a Tesla Bull

Putting my money where my mouth is, I have been long shares of Tesla since late-last week inside Market Chess Subscription Services with a protective stop-loss below $310.  How attractive is this setup from the long side?  Well, let us consider a few factors: The stock remains heavily-shorted, at times the firm outright hated or mocked, and...

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06Dec12:27 pmEST

The Perfect Setup

Admittedly talking my own book (with a stop-loss below $25), I view Scientific Games Corporation (SGMS) as being in the sweetest of sweet spots on several levels from a bullish perspective.  The Las Vegas-based SGMS provides gambling products and services to lottery and gambling organizations across the globe. Even more intriguing is the sports...

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05Dec2:54 pmEST

Steel is Back 12/05/19 {Video}

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