Monthly Archives: May 2017
Showing articles 41 - 50 (83 total)
16May1:39 pmEST
Let Them Drink Asparagus Water
Whole Foods Market, Inc. has been properly punished by the market since late-2013, as the stock price dropped from $65.59 to a recent low of $27.67. That type of correction over a period of years is sure to wash out a good deal of longs. It also serves to likely price in plenty of, well, pricing issues that WFM became notorious for, such as the...
16May10:49 amEST
Money Finding a New Home
The notion that emerging markets are set to outperform most developed markets into the back half of 2017 is quickly becoming a rather sexy thesis, embraced by quite a few market players and pundits. With the gaps higher in China internet plays this morning after assorted earnings, namely SINA and WB ahead of BABA on Thursday, that emerging...
15May4:00 pmEST
Stock Market Recap 05/15/17 {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 marke If you enjoy my videos and blog posts, then please click...
15May3:58 pmEST
Getting There
Sentiment is often seen as one of the pivotal aspects during market inflection points. Much of the bear case often hinges on the thesis that a given market is simply too irrational, euphoric, and, in effect, much too greedy in order to have staying power. Applied to the current market, days like today, where we gap higher and mostly hold onto...
15May1:50 pmEST
A Rising Tide May Lift All Hacks
To piggyback this morning's blog post about the technical strength in HACK, the cybersecurity ETF, which transcends a mere news-related pop, we can also look at a downtrodden name. Note that Akamai, an old school tech name, has been obliterated as seen on the daily chart, below. However, AKAM is in the HACK ETF and is a top twenty holding....
15May10:33 amEST
A Cyberattack with Something Behind It
It seems rather easy to cavalierly dismiss the knee-jerk rallies in cybersecurity stocks this morning. After all, news of an unprecedented global “ransomware” attack that hit at least 100,000 organizations in 150 countries, and continues to spread, is all over the headlines. Moreover, plenty of longs have been crushed in some of the...
13May9:44 amEST
Weekend Overview and Analysis 05/14/17 {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...
13May9:43 amEST
Saturday Night at Market Chess Cinemas
Manchester by the Sea ( 2016) contains a simple enough storyline without too much flash. But that's just it--This film is bold enough, albeit in the form of quiet confidence, to rely on quality acting and it weaves together a story served up with various flashbacks. First and foremost, the film was distributed by Amazon Studios and is...
12May1:37 pmEST
Unwrapping Recent IPOs
Of the IPOs which were met with with plenty of attention dating back a full year or so, there have indeed been quite a few disappointments to note. Both ACIA and TWLO, for example, were as hot as any duo in the entire market back around August and September 2016. Unfortunately for longs initiating long-term positions back then, they have both...
12May10:29 amEST
A Cold Chart from the Cold War
An interesting development among the emerging markets is taking place, with commodity-sensitive Brazil breaking out while petro-sensitive Russia lingers. China is also enjoying a a good couple of weeks, while India has quietly been a dominant force throughout 2017. Thus, the Russia weakness stands out as noteworthy. On the RSX country ETF...
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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.
