MarketChess

05Aug10:15 amEST

Take Everything You Know About Markets and Flip It

I am quite certain that there is a significant portion of traders out there who likely began trading sometime last decade, or at least became more attentive to markets during that period.  If that is the case then surely they have, understandably, grown accustomed to a market where bad news is often seen as good news; where slow growth was...

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04Aug4:31 pmEST

Stock Market Recap 08/04/22 {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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04Aug10:42 amEST

Money Where Mouth Is: I Went Short Apple

Leading up to the epic, historical 2008 crash and all of its accompanying volatility which occurred after Labor Day of that year, it is easy to forget that none other than Warren Buffett had spent much of the year, and that summer before everything hit the fan, building a sizable position in the rail Burlington Northern Santa Fe Corp (he would...

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03Aug2:51 pmEST

The Big Level Everyone is Watching 08/03/22 {Video}

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03Aug11:28 amEST

Feeding the Summertime Ducks

Led by some good news out of ALNY, the biotech sector is clearly out in front of today's market snapback rally off yesterday's poor close.  On the XBI sector ETF daily chart, below, we can see the potential for a base breakout higher. Some names we have been tracking with Members which look good are: CRSP IONS SNDX. However, and this is...

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02Aug10:20 amEST

Maybe They Should Take American Express...

If you are old enough, like I am, to remember those Visa commercial from decades ago where they would truly lean into how many businesses did not accept American Express, it may be just enough nostalgia to push back against the idea that the major credit card stocks, V and MA especially, could have already topped out on a multi-year basis.  But...

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01Aug10:42 amEST

You Come to Market Chess to Get Away from Petty Drama

We are clearly at a crossroads with this market.  Early-August seasonality is actually a bit better than most expect. However, as the month rolls on the mood tends to shift to a more volatile one as autumn lingers. Thus, even with this morning's softness bulls may have a week or two to make their case (as quite a few seem to be making) that a...

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31Jul10:35 amEST

Weekend Overview and Analysis 07/31/22 {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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29Jul10:44 amEST

Powell Can't Win Unless He Becomes the Villain

The aesthetics look great. At each and seemingly every FOMC press conference in recent memory, Fed Chair Jay Powell walks to the podium and delivers remarks followed by Q&A chock-full of Fed-speak--Toeing the line and striking the perfect balance between acknowledging the problems that the economy faces while also whispering enough...

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28Jul2:32 pmEST

What Would Mr. Miyagi Would Do in This Market?

He would probably take a vacation to Okinawa until after Labor Day.  But above all else, unless you are cocksure (which some seem to be) that we are in a new bull market, the presumption of an ongoing bear market actually renders the current rally increasingly dangerous.  Specifically, as the VIX dives lower and hedges get burned into the...

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