Monthly Archives: March 2016
Showing articles 11 - 20 (92 total)
29Mar12:50 pmEST
A Knee-Jerk Reaction to Yellen
Precious metals and miners initially lurched higher in the face of apparently dovish commentary by Chair Yellen, just now. We know the metals and miners have been consolidating their prior rallies in recent weeks, and have yet to break to fresh higher. However, if the strength throughout the New York lunch hour holds into the rest of the...
29Mar10:46 amEST
Listen to the Message
In front of a Yellen speech at 11:30 am EST this morning, the message of the market is one of indices consolidating in a fairly benign manner, while both individual longs and shorts are permitted to work decently. FB and NFLX are bouncing again, while CMG is gapping down. A semi like HIMX, which we profiled for Members as having an attractive...
28Mar5:02 pmEST
Stock Market Recap 03/28/16 {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...
28Mar3:20 pmEST
The Forty-Six Year Old Virgin
Founded in 1970 by Sir Richard Branson, Virgin Group has its hands in many industries and has done quite well for itself. Today, Virgin America (VA) is shooting higher again on buyout talk, perhaps by JBLU. Airlines, as a group, have been remarkably resilient for a while now. Another name to watch for buyout talk may very well be ALK, Alaska...
28Mar12:52 pmEST
Wiener Schnitzer for Lunch to Ease the Holiday Hangover
The indices are fighting back to green into the New York lunch hour, as the morning selling proved to be fairly benign, once again. TSLA, for example, is regrouping after the inevitable pullback it saw last week following its very steep rally into March. Meanwhile, crude oil and precious metals/miners are taking a backseat to the upside...
28Mar11:00 amEST
Attack and Retreat
Despite a gap up at the open, followed by a jump in pending home sales, stocks are flipping back to red as I write this. Off of that opening bell gap, Members were keying off the IWM (ETF for the small cap stocks in the Russell 2000 Index, below on the 30-minute timeframe) to see if the $107.70 area would inflict the same type of resistance it...
27Mar3:56 pmEST
Weekend Overview and Analysis 03/27/16 {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...
26Mar8:53 pmEST
Saturday Night at Market Chess Cinemas
I just finished watching the first two seasons of Bosch , a television series produced by Amazon Studios. Based on three of Michael Connelly’s novels: City of Bones, Echo Park, and The Concrete Blonde, Bosch is incredibly impressive on many levels and is not your run-of-the-mill detective drama (of which there are plenty these days). Titus...
24Mar1:20 pmEST
Fighting the Good Fight Into Easter
While the gap down in equity markets this morning has not necessarily been overpowered buy bulls, the downside selling pressure remains less than stellar, with small caps fighting the good fight well off session lows. On the IWM (ETF for the Russell 2000 Index) 30-minute chart, below, note the small caps had led to the downside this morning but...
24Mar11:05 amEST
The Tesla Hudsucker Proxy
In what has been a fairly easy market to get chopped up, the chart for Tesla Motors remains a good way to make sense of the action over the past few weeks and months. TSLA is a momentum leader which suffered a sharp correction in January, then proceeded to rally more than 50% into March before pulling in the last few sessions. Clearly, TSLA...
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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.
