MarketChess
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05Aug11:24 amEST
Renegade Biotechs
adjective adjective: renegade having treacherously changed allegiance. The XBI sector ETF for biotechnology issues is turning in an impressive morning, thus far, as the likes of BEAM EDIT NTLA lead the charge higher. For a good while now, we have profiled the relative and even absolute weakness in many bios, despite the jaw-dropping...
04Aug2:43 pmEST
Rough Nights at the Casino
Don't look now, but Las Vegas Sands has almost completely given back the rally off the March 2020 lows in a rapid-fire pace, not unlike a blackjack player seeing his luck turn before fully realizing it. On the zoomed-out LVS daily chart, below, in front of peers MGM and WYNN both reporting earnings tonight (LVS reported two weeks back) price is...
04Aug10:01 amEST
Going Stag
This morning's notable miss on the ADP jobs number saw and interesting reaction, with gold popping and stocks slumping. While this is far from a broad-based bloodbath (see the Nasdaq hanging tough as usual), gold is on the move again, indeed, perhaps indicating a stagflationary interpretation by markets. As you know, the stagflation of the...
03Aug3:46 pmEST
Look Here for the Next Play to Stick it to the Suits
With many "meme stocks" like AMC GME dripping lower and not showing much life for a while now, it may be worthwhile to turn your attention towards the energy sector if you are looking for potential new short squeeze plays to really stick it to the "suits." Fresh off earnings, Omaha-based Green Plains Inc. (GPRE, daily chart, below) is one of...
03Aug10:58 amEST
New York City Proof of Vaccines: You Got a Gift, My Friend
One of the big news items this morning is out of New York City, where Mayor Bill de Blasio mandated proof of vaccines for a range of indoor venues, from employees and customers of indoor eateries, to gyms, and entertainment centers like MSG. The order goes into effect August 16th, with full enforcement beginning September 13th. De Blasio said...
02Aug4:31 pmEST
Stock Market Recap 08/02/21 {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...
02Aug10:30 amEST
Coach Greg Likes Stevia and So Do We
In business and in life, it is too easy to go with the flow and simply follow along with the conventional wisdom. Case in point: The recent Robinhood IPO has clearly captured all of the headlines regarding new IPOs, with the hoopla, good or bad, still very much in play as CNBC had an icon on the bottom right of its broadcast on Friday tracking...
01Aug10:29 amEST
Weekend Overview and Analysis 08/01/21 {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...
30Jul10:01 amEST
Sounds Like Japanese Anime to Me
With TSLA laughing in the face of the AMZN earnings selloff so far on this summer Friday morning, we likely need to keep Acrimoto (FUV) on watch long. This is a name we played with Members a while back, and it sure has set back up well, see on the updated daily chart, below. Earnings are not for three more weeks, and the short position is...
29Jul10:46 amEST
I'm Not a Smart Man, But I Know What Stagflation Is
If you caught Judy Shelton's thought-provoking interview on CNBC this morning not long after a disappointing GDP print, then you know she believes that The Fed and Powell's message is increasingly growing muffled. Specifically, the noncommittal Powell mentioned price stability and inflation running hotter than 2% a few times, but also gave...
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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.
