Monthly Archives: May 2015
Showing articles 31 - 40 (100 total)
21May12:42 pmEST
Rocked By Many Explosive Moves
Despite mixed and flattish indices this week, stocks are all over the place in terms of some making explosive moves higher, others lower. NFLX is a market leader and is grinding after its recent rally. It may very well be a good "tell" for the next direction of leaders and Nasdaq, while momentum traders flock to BABA into the holiday for...
21May10:43 amEST
Within the Same Breed
In light of the BLUE spike higher this morning (though it is off its highs now), in my Morning Prep video for Market Chess Subscription Service members this morning we looked at another immunotherapy play, Aduro, as potentially seeing pin action from the BLUE gap up. And on the updated daily chart, below, even though ADRO has taken some...
20May5:01 pmEST
Stock Market Recap 05/20/15 {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. If you enjoy my videos and blog posts, then please...
20May3:15 pmEST
Fork in a Dark Road
The junior gold miners are turning in a good session, as we head towards the close in the final hour. On the updated GDXJ daily chart, below, ETF for the juniors, gold bugs need the highlighted rising wedge pattern to be negated and thus resolve higher. Select miners are holding up well, as far as the large cap names, while other are still...
20May12:35 pmEST
Looking for a Catch-Down Play
With the major indices flat into the New York lunch hour, select long and short plays are working quite well. Returning to the airline sector, in light of names like AAL not becoming oversold on multiple timeframes, I am looking to rotate that capital perhaps to "catch-down" plays, meaning other airlines which had been holding up well but which...
20May10:15 amEST
Hold on for Dear Life to This Part of the Market
The transports, simply put, are likely to be the bears' best piece of evidence that a true market correction is imminent. After bouncing late-last week and galvanizing bulls for a noter "here we go again rally off a false breakdown," the Dow Jones Transportation Average is back below 8,600, a multi-quarter support area. Clearly, the...
19May5:03 pmEST
Stock Market Recap 05/19/15 {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. If you enjoy my videos and blog posts, then please...
19May2:48 pmEST
Balancing Out the Highs
A few leaders like AMZN are coming in a bit this afternoon. But, on the whole, the market is doing its usual job of hanging in there, with small caps the Russell 2000 Index well off the lows of the session. Netflix may very well be a big tell here, seen on the daily chart, below. Note today's small "doji" candlestick outside its upper...
19May12:29 pmEST
Slippery When Wet
While the market drifts into the afternoon, crude oil is confirming suspicions that the recent breakout was slippery. On the updated daily chart for the USO, crude oil ETF, note price gapping down out of the highlighted pennant (purple lines). And now crude is back down below the breakout level dating back several months. In addition, energy...
19May10:23 amEST
From Russia, Fickle with Love
Small caps are lagging the market this morning, as overnight strength in the futures has been fading. Still, pockets of momentum are playing out, such as in a the ESPR long we have been playing over on the private Twitter feed. In addition, natural gas has the look of a runaway freight train, ignoring even the rally in the Dollar while other...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
