Monthly Archives: February 2018
Showing articles 41 - 50 (74 total)
13Feb3:43 pmEST
Canada Goose was Loose
But now it is tightening up. Canada Goose, a retail standout winner in an improving sector in recent months, sold off aggressively last week. A knee-jerk reaction may very well to caste the name aside indefinitely, favoring earnings winners instead. However, this may very well prove to be a buyable dip for GOOS, which had valiantly held onto...
13Feb1:36 pmEST
Slow and Steady Wins the Race or Saves Face
The IWM, ETF for the small cap stocks housed in the Russell 2000 Index, has essentially been fighting all day today to reclaim yesterday's close of $148.16. As you can see on the intraday chart, below, we have one of the slowest sessions in February, thus far, with most indices sporting choppy, constricted ranges since the opening bell dip and...
13Feb10:50 amEST
The Fox Guarding the Yenhouse
It is often said that during market corrections and times of uncertainty, correlations run more closely together and thus carry more weight. To invert that idea, consider how easy it is to try to call a top during a benign bull run higher based on some negatively diverging correlation or indicator, often to little or no avail. But when the...
12Feb3:55 pmEST
Stock Market Recap 02/12/18 {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...
12Feb1:50 pmEST
The Dow is 420 Friendly Nowadays
The early weakness in the small caps is now looking like a trap to lure in overzealous shorts with an itchy trigger finger, the indices quickly regrouped and are now surging into the heart of the afternoon session. While I did not rush in and short this morning, I have been extra selective in terms of adding back long exposure. My reasoning...
12Feb10:34 amEST
A Different View of a Popular Destination
More than anything else, the supposed new era of markets where computers front-run the "old ways" of traders doing things has ingrained a certain behavior into market players which sees them assuming that any slight undercut of a well-defined, prior support area must be a great buying opportunity. This idea fits neatly alongside the notion of...
10Feb11:13 amEST
Weekend Overview and Analysis 02/11/18 {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 mark Please click here for more...
10Feb11:05 amEST
Saturday Night at Market Chess Cinemas
Three Billboards Outside Ebbing, Missouri (2017) received critical acclaim upon its release, and has since been nominated for and won several awards. Unfortunately, I do not share the view that this is an exceptional film, nor a particularly good one. Instead, I believe that too many critics and viewers simply gave the benefit of the...
09Feb1:48 pmEST
Cold, Hard, American 100% C(r)ash
During the late-morning swoon spilling over into the early-afternon portion of the session, I decided to close out my swing shorts and move to 100% cash in my trading account inside Market Chess Subscription Services. To be sure, a loose and sloppy close today would draw analogies to the crash of 1987, in terms of the weakness leading up to...
09Feb10:34 amEST
A Shady Throwback
Although FEYE and NVDA are two bright spots for bulls on the earnings front today, with both names gapping higher this morning, the broad market bounce attempt has yet to make much of a dent vis-à-vis yesterday's 1,000-point plunge on the Dow. To be sure, an afternoon squeeze may gather steam if bears are unable to overturn the rally and...
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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.
