Monthly Archives: April 2015
Showing articles 11 - 20 (139 total)
28Apr12:20 pmEST
The Clock is Ticking
Working our way into the east coast lunch hour, note that crude oil, keying off the USO ETF, is not showing much urgency to rally over its $20.20 upside breakout level even as the U.S. Dollar continues to weaken, amid other headlines. The clock sure does seem to be ticking at this point for crude bulls to sustain another leg higher. Failure...
28Apr9:50 amEST
Going for the Big One
Apple is reversing down sharply as I write this, after earnings and what appeared to be some mild strength in pre-market trading. On the updated daily chart, below, note the prior highs asserting themselves, likely adding pressure to some initial selling here. Apple selling off on such big numbers would likely portend some more weakness going...
27Apr5:09 pmEST
Stock Market Recap 04/27/15 {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. Please click here for more details about...
27Apr3:08 pmEST
Free and Clear Above
Here is a look at Apple into the big earnings reports tonight gapping free and clear above its upper daily chart Bollinger Band just under its prior highs. The stock is now clearly overbought into earnings, as the market is reversing lower a bit, and biotechs getting hit especially. Also note the upside reversal in precious metals and miners,...
27Apr12:19 pmEST
Due for a Joyride
Even as biotechnology issues get hit, by and large, off the CLDN monstrous gap down, momentum money is giving it a valiant go with TSLA, and even AAPL before earnings tonight. Regarding Tesla, on the daily chart, below, you can see the momentum darling rallying back up to both its declining 200-day moving average (yellow line) and punching up...
27Apr9:34 amEST
Just Because They're Fun Doesn't Mean They're Not Bombs
CLDN is down roughly 75% this morning, which is a good reminder of the inherent risks in the biotechnology sector, even in what has been a biotech-centric bull run over the past few years. To be sure, there are still actionable long setups we are stalking in the biotech space. But even mighty names like BLUE JUNO appear to be getting hit off...
26Apr2:21 pmEST
Weekend Overview and Analysis 04/26/15 {Video}
***TONIGHT AT MIDNIGHT, the introductory discount for Market Chess Subscription Services will expire. Be sure to take advantage of receiving three months off, by choosing the Annual rate*** Please click here for more details about joining Market Chess Subscription Services . The following video is a brief, condensed version of the...
26Apr11:14 amEST
Another Big Week of Heavy Hitters
Courtesy of Wallace Whitkowsi at MarketWatch.com , here is a good list of more big earnings reports coming this week. As you can see, names like AAPL and TWTR are likely to steal the show, among others. Always have a specific plan for how you will manage risk in your open trades through the earnings report for a given stock you are holding. ...
25Apr3:33 pmEST
Saturday Night at Market Chess Cinemas
Thirty Two Short Films About Glenn Gould (1993) is an excellent, under-watched and under-appreciated film about life, work, and character of the acclaimed Canadian classical pianist. Colm Feore, who would go on to television success in the coming decades, delivers a riveting performance as the aforementioned Gould. The film is also original...
25Apr12:03 pmEST
Black Wednesday
From 1997 on the BBC, here is a good Saturday educational documentary. "Black Wednesday" refers to September 16th, 1992 when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. George Soros, in...
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About
“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.
