Yearly Archives: 2016
Showing articles 841 - 850 (1006 total)
29Feb3:23 pmEST
High Stakes Game of Kiss and Tell
Bears made a sneaky move within the last hour or so, slowly walking the market down before sell volume accelerated. The IWM, ETF for the Russell 2000 Index small cap stocks, illustrates a "kiss" off the declining 50-day moving average. Earlier today, bulls were seemingly in control of a market which had plenty of reasons to sell-off. However,...
29Feb12:45 pmEST
The Market is Negotiating with China
Despite the Shanghai sell-off last evening, U.S. stocks are acting reasonably well today, even in the face of weakness in healthcare and biotechnology issues, too. Still, if that type of weakness cannot roll this market over below declining 200-day moving averages on the major indices, perhaps that is a signal to tread lightly with any short...
29Feb10:50 amEST
Healthcare Kabobs on a Skewer for Bears
The HZNP and VRX post-earnings sell-offs stand out in an otherwise choppy market early on. As crude oil flopped around after the opening bell, so too did stocks, with the S&P 500 featuring buyers and selling duking it out at the 1950 level. Regarding the big healthcare names, we know HZNP VRX have been broken charts for a while now, despite...
28Feb3:42 pmEST
Weekend Overview and Analysis 02/28/16 {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...
27Feb10:52 pmEST
Saturday Night at Market Chess Cinemas
Tomorrow night will mark the 88th Academy Awards ceremony, an annual tradition which has, frankly, lost a bit of the mystique it once had. One main reason for the loss of mystique is the general migration of top of the line talent from the big screen to television/streaming series over the last decade or so. But beyond that, Hollywood in...
26Feb2:07 pmEST
Best Rally in a Supporting Role
For the rest of the session into the weekend, we are keying in part off the SPY 10-minute chart, below, illustrating the significance of the $195.50 area since the open today. As we speak, crude oil flipped red and is considering staying there as many parts of the market are seeing the effects of a narrow, sluggish trading session set in via...
26Feb12:59 pmEST
Quality Control Friday at the Office
After filling the opening gap on the S&P 500 Index, stocks meandered through the morning and are trying to wake up again as we speak. Some issues like CMG MCD SBUX are lagging, as are emerging markets, while financials and biotech catch a bid. The action below the surface is fairly muted, and not yet some type of broad-based vicious short...
26Feb10:51 amEST
A Slice of European Humble Pastry Pie
Calling the near-term direction of the Euro of late has required a large slice of humble European pastry pie, perhaps even more than equities, as the Euro has been resilient and featured a vast array of wicked short squeezes in recent months. We have not been playing the Euro much since last summer, but we are still monitoring the overall...
25Feb5:13 pmEST
Stock Market Recap 02/25/16 {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...
25Feb3:26 pmEST
First Time Long Time
Working our way through the final hour of trading today, the S&P 500 Index has now tested its 50-day simple moving average for the first time in 2016. In and of itself, that is not inherently bullish, though a close above 1945 today likely continues to put the heat on shorts holding and hoping for an imminent rollover. It is worth noting the...
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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.
