Monthly Archives: November 2021
Showing articles 21 - 30 (39 total)
14Nov9:06 amEST
Weekend Overview and Analysis 11/14/21 {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...
12Nov1:21 pmEST
Price Action Which Talks Loudly
"The more money the louder it talks." -Arnold Rothstein Multi-year highs for DBA today, which is an ETF for a basket of all your favorite soft commodities, as seen below on its update daily chart. We have been playing it on the long side. And as we discussed with Members many times of late, there seems to be very little fanfare, if at all, to...
11Nov4:38 pmEST
Stock Market Recap 11/11/21 {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...
11Nov10:52 amEST
Be an Authentic Leader
One of the more enjoyable aspects about being a lone wolf here at Market Chess is the lack of pressure to express a bias or view through my content which is not 100% authentic. You will never see me deleting market-related tweets on Twitter or Stocktwits for example (occasionally I may delete an off-topic joke which receives crickets or one...
10Nov2:12 pmEST
Disney Earnings Tonight: Trap in the House of Mouse?
Unless you have been following the stock closely, you would probably never guess that Disney has been trading below its 200-day simple moving average (arrow to yellow line on daily chart, below) for a little less than two months now. After all, DIS is the quintessential blue chip stock and an incredible winner off the pandemic lows, a name I,...
10Nov10:37 amEST
They Have No Idea How Bad it is Right Now; None!
If ever there were a time for another Jim Cramer, "They Know Nothing" rant about The Fed, like we saw (below) in the summer 2007 as Cramer (correctly) discerned that deflation would eventually be the real culprit rather than inflation, now would seem to be it. Only now the real issue is inflation, as evidenced by the red-hot PPI and now CPI...
09Nov3:31 pmEST
Who Needs the Wheat Belly Anyway?
Headed into the bell of one of the more interesting sessions we have had in a good while, bulls are contending today's dump in TSLA is basically a mere shakeout, while bears are looking at it as the start of a larger pullback. There is evidence, as usual, to cherry-pikc on both sides, be it the resilience in names like AMZN, for example, of...
09Nov11:23 amEST
Tesla Snapped Off: Now We Watch Chips
The sharp plunge lower in TSLA this morning ought to be viewed as a shot across the bow of sorts, reminding us that the fun, jubilant gamma squeezes on the way up may make the market appear as a cute little piggy bank dispensing life-changing money at will. But on the downside, those moves become all the more intense and initiates many a...
08Nov3:14 pmEST
It's Pretty, It's So Pretty
Tons of materials miners, precious and otherwise, are setting up nicely from a technical standpoint and also represent genuine value in terms of their exceedingly low PE ratios and attractive cash flows. However, because of the nature of the current market melt-up, it is understandable that most speculators continue to favor insanely valued...
08Nov10:35 amEST
Hey, Henry: Here's a Wing!
Several weeks back, we were fortunate to sell a BTU long into the enormous green candle seen on the coal firm's updated daily chart, below. Since then, the stock suffered a sickening dive, reminding us all that even if we are in the early stages of a new commodity bull run, volatility in this asset class is unique and violent compared to what...
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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.
