Coup d'état in Software

10Sep3:45 pmEST

A Tale of Two Pullbacks

Another session of glaring weakness in the Nasdaq, combined with abrupt, heavy bouts of selling in winning consumer discretionary stocks (e.g. CMG SHAK WING) likely outweighs any progress made by both small caps and lagging sectors beginning to show signs of life. Moreover, the morning bounce attempts in suddenly-oversold software growth...

10Sep10:47 amEST

Kosmos Drinking Some Milkshakes

Despite crude oil's bounce over the last few sessions, it remains tough to find strong energy charts which withstood the barrage of that sector's bear market (for all intents and purposes) since October 2018. As a result, we have not focused much at all on long ideas in most energy-related stocks both on this website and inside the service for...

09Sep5:30 pmEST

Stock Market Recap 09/09/19 {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...

09Sep10:46 amEST

Eyes Wide Shut Market

Glaring relative weakness in the software space and indeed many growth stocks again this morning continues to throw cold water on any noted technical progress the major averages appear to be making. Thus, despite the QQQ (ETF for the top Nasdaq stocks) flagging tightly above its 50-day moving average after last week's rally, it is impossible to...

08Sep12:39 pmEST

Sunday Matinée at Market Chess Cinemas

Currently available on Amazon Prime here , Operation Finale (2018) is a very fine film which is certainly worthy of a viewing, regardless of your knowledge of the real-life events the film portrays. The acting is strong across the board, with well-known actors like Ben Kingsley still in top form, while lesser-known actors like Oscar Isaac...

06Sep10:32 amEST

A Lonely Place for Bears

One of the more interesting aspects about the way the current market is constructed is that despite some notable bearish signs, such as the small and micro-cap ETFs spending most of their summers below a declining 200-day moving average (typically a rather serious technical predicament), other parts of the market have proved to be remarkably...

05Sep7:38 pmEST

Stock Market Recap 09/05/19 {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...

05Sep11:00 amEST

Here Comes That Knock Again...

Despite an ugly post-earnings move lower in software growth play MDB, which seems to be upsetting some of the upside momentum software enjoyed yesterday, the China trade talks optimism combined with some upbeat macro data is sending the major averages much higher this morning. Both QQQ and SPY are breaking their respective ranges higher to...

04Sep3:54 pmEST

Stock Market Recap 09/04/19 {Video}

04Sep10:07 amEST

Coup d'état in Software

(Napoleon Bonaparte addresses the Council of Five Hundred during the Coup of 18 Brumaire) A sharp post-earnings gap higher in emerging software leader Coupa Software Inc. looks to have temporarily stopped the bleeding in what has been a lackluster performance by most software-related firms in recent weeks. While it may be a tad early to...