Monthly Archives: July 2016
Showing articles 21 - 30 (83 total)
25Jul10:37 amEST
Let's Do the Limbo with Oil
Although there is not necessarily a strict correlation with stocks, it is hard not to at least keep tabs on crude oil's persistent weakness and inability to hold bounces over the last seven weeks or so. Recall back in 2008, for example, how crude super-spiked and then crashed in the back half of the year along with equities, which probably is...
24Jul2:19 pmEST
Weekend Overview and Analysis 07/24/16 {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...
23Jul10:34 amEST
Saturday Night at Market Chess Cinemas
The Last Seduction (1994) is one of those film 1990's noirs I love that seemingly very few have seen. You do not want to miss the talented and sexy Linda Fiorentino’s classic performance as a monstrous femme fatale, along with the perfectly-cast Peter Berg and Bill Pullman. via imdb.com A devious sexpot steals her husband’s drug money and...
22Jul3:45 pmEST
We All Have Homework This Weekend
It may a sunny, hot summer Friday on the east coast, but as a trader you should not let that completely consumer your weekend. The reason for that is due to the price action of this market, with an increasing number of chart flagging out and basing well in uptrends. Equally impressive is that it is happening with NFLX getting smacked after...
22Jul1:30 pmEST
For Every One Skechers...
For every one SKX in this tape, breaking down after earnings on the weekly chart, below, there is a reflection back by bulls who have several names firming up and acting well on a slow summer Friday. Even CMG, for example, a long-term leader turned laggard in 2016, is spiking up after an initial move down after earnings. That type of action...
22Jul10:45 amEST
I Know Why the Caged Bear Cries
One of the interesting and recurring aspects about the rise in equites in recent years has been the consistent manner in which buyers have eschewed fear of the many typically concerning divergences across a variety of markets. Whether it be the transports, retail, biotech, energy weakness, or the Yen strength, just to name a few, bulls have...
21Jul3:51 pmEST
Stock Market Recap 07/21/16 {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...
21Jul3:38 pmEST
Give Yourself Some Wiggle Room
The bull case is far from quashed, despite today's selloff potentially galvanizing bears who have been frustrated with the recent rally. However, that need not mean bulls are home free. In fact, given the loaded lineup of earnings tonight (and then next week when it picks up even more) of CMG Pandora SBUX V, among others, giving yourself some...
21Jul12:52 pmEST
A Good Test of Actual Sentiment
With stocks taking a breather this morning and finally seeing some light profit-taking as the small caps initially flinched at the idea of taking over the leadership reigns, we should now gain excellent insight into what the actual sentiment is of market players. Specifically, in this day and age with a plethora of easily-digestible sentiment...
21Jul10:38 amEST
Another Case of Piling On
Just as with our analysis regarding Microsoft and its earnings surge yesterday, Qualcomm is also acting like an elder statesman for a hot sector after its own earnings explosion today. MSFT is the veteran for the software group, while QCOM is it for the suddenly red hot communications equipment plays. Interestingly, on the quarterly chart,...
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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.
