Daily Archives: April 4, 2024
Showing articles 1 - 3 (3 total)
04Nov3:22 pmEST
Saturday Night at Market Chess Cinemas
Plenty of you are aware of the popular animated television series entitled, "King of the Hill," which ran on Fox from 1997-2010 and capitalized on the enormous success of "The Simpsons." However, there is also an excellent film titled King of the Hill (1993), which I am going to recommend tonight. Directed by the great Steven Soderbergh,...
04Nov1:19 pmEST
Drain. The. Shorts.
Hyperbole aside, it is far from an explosive rally in the market today. However, bulls may have done just enough to stave off an imminent washout, which became a higher risk the longer we went without sufficiently reacting to oversold conditions--Even lowly GPRO is staging a reversal to green as I write this, perhaps indicative of short-term...
04Nov10:44 amEST
A Simple Observation
Despite a GPRO earnings blow-up and crude oil swooning again, stocks are finally reacting a bit to oversold conditions this morning. Specifically, the S&P 500 Index, on the daily chart, below, is showing some life off its 200-day simple moving average (yellow line). The 200-day is a widely-watched reference point, even by non-technicians who...
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“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
