Daily Archives: December 12, 2021

Showing articles 1 - 2 (2 total)

06Oct3:24 pmEST

I Give This Chart a 4.2 Out of 10

Penn National Gaming (NASDAQ:PENN), which purchased a 36% stake in Dave Portnoy's Barstool Sports in early-2020, is suspiciously weak today despite the broad market upside reversal. On the first daily chart, below, PENN is not nearly as weak as other IWM holdings today due to the energy complex shakeout. However, you can see how dodgy the...

06Oct10:35 amEST

Pain Everywhere You Look

The "max pain" nature of the current market landscape is becoming more apparent by the day and perhaps illustrated best this morning with the indices oscillating wildly at some key support levels, be it 34,000 on the Dow or 4300 on the S&P 500 Index. Indeed, both longs and shorts are in for some serious pain in this market, which has me dialing...

 
BackToTop
 

This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site