Yearly Archives: 2016
Showing articles 291 - 300 (1006 total)
13Sep10:49 amEST
Slim Pickings, So Head to the Casino Buffet
While it is true that quite a few names are holding up reasonably well into this market pullback, given the sudden reappearance of overnight risk and volatility it is tough to argue that merely "holding up well" equates to an urgent need to go long imminently. Instead, we are simply monitoring several relative strength names for Members, which...
12Sep3:26 pmEST
Stock Market Recap 09/12/16 {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...
12Sep3:22 pmEST
A Big Catch Still May Mean Big Risk
The interesting aspect about today's abrupt and sizable rally to counter Friday's sharp sell-off is the likely finished product on the S&P 500 Index daily. I will follow-up on this point in detail for Members in the full video tonight. However, there is little doubt that we are no longer seeing the quiet, boring sessions on the indices which...
12Sep1:19 pmEST
Miners: For Sale But Keep Out
Precious metals and miners are coming off a disappointing Friday session where they could have easily benefited from a safe-haven bid as equities were rocked with the heaviest selling in months. Instead, miners themselves took it on the chin and are merely searching for stabilization as the moment. GDX, the ETF for senior miners, is flirting...
12Sep10:35 amEST
A Better Picture for Fall
Unlike the TWTR breakout and retest of $18 level/200-day moving average areas, which has thus far been dragging its heels, natural gas is displaying a better picture of strength headed into autumn. I suppose both natty and Twitter are similar in their long suffering endured by bulls the last few years. But on the UNG ETF daily chart, below,...
11Sep11:13 amEST
Weekend Overview and Analysis 09/11/16 {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...
10Sep12:53 pmEST
Saturday Night at Market Chess Cinemas
At first blush, I was a bit skeptical that Hell or High Water (2016), just released and currently in theaters, would fail miserably in terms of running a similar style, setting, characters, and storyline to No Country for Old Men (2007). The latter remains an all-time excellent film, on par with just about anything made over the last two...
09Sep3:46 pmEST
Squirrel Away for a Further Pullback
At some point we knew the major averages would experience an actual price pullback in lieu of grinding sideways. Timing that moment has been an extremely difficult task for bears, however. But with today's sharp sell-off in equities, it appears to be in play more than that at any time since Brexit. On the SPY daily chart, below, for example,...
09Sep12:58 pmEST
Piecing the Rates' Puzzle Back Together
In my usual Midday Video for Members, coming up, we will do a refresher on the "Rates" trade and its various correlations. For now, note that the defensive sectors continue to get drilled along with TLT as rates rise. The other side of that equation is the action in financials, which typically can do well with higher rates. Beyond that, the...
09Sep10:29 amEST
The O'Reilly Factor is On
This morning's weakness off the Fed Rosengren's hawkish rhetoric is seeing the S&P 500 Index test its 50-day simple moving average for the first time since early-July. We know we have been dealing with a choppy, grinding market at times, since the early part of the summer off the Brexit fireworks. But now comes a good test, as the 50-day is...
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“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.
