MarketChess
Showing articles 2471 - 2480 (6612 total)
30Oct3:28 pmEST
Breaking Down Barriers
Working our way through the final hour of trading leading up to Facebook earnings tonight, bulls have performed well today when their backs were against the wall as the SPY probed a $264 breakdown at several junctures. However, when it come to upside follow-through, we know bulls have fumbled many a time when the $267 upside level has been...
30Oct10:49 amEST
Manipulative Machinations
This market sure is putting on the moves to try and suck in every last speculator, as we all eagerly await more clarity on the issue of whether this tape is bottoming for even a respite from the downtrend, or instead is gearing up for a washout of epic proportions. What we do know is that the VIX is resisting collapse, staying noticeably firm...
29Oct4:29 pmEST
Stock Market Recap 10/29/18 {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...
29Oct3:49 pmEST
Operation: Live to Fight Another Day
Risk happens fast. Market like these show just how quickly precious, hard-fought gains can evaporate during corrections. While many insist on being heroes and bottom-fishing what is obviously a deepening correction with a distinct inability to hold bounces, the likely better strategy is to respect the open-strong/close-weak correction...
29Oct2:33 pmEST
The Reality of the Situation
As it turns, viewing both leaders like AMZN GOOGL NFLX and exhilarating M&A like the IBM for RHT deal today as potential knights in shining armour to help rescue bulls from a correcting market is a much tougher proposition than many had anticipated. Currently, all major indices are well off their morning highs, with the QQQ now down a stunning...
29Oct10:32 amEST
Outline of a Cold Autumn Market
A $34 billion IBM for RHT deal in software at a hefty premium seems to have helped propel another attempt at a relief rally in the broad market this morning. As I write this, most of the major averages are higher anywhere from 1.3% to 1.66%. Once again, the pertinent issue for us is whether bulls can hang onto these early gains, a fairly...
28Oct1:37 pmEST
Weekend Overview and Analysis 10/28/18 {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 markets. Please click here for more...
27Oct2:49 pmEST
The Panic of 1893
Consistent with human nature, when the market is in a smooth uptrend we tend to view historical crashes and depressions (or "Panics," as they were once known) as nearly-comical events of Wall Street yesteryear. The emotional disconnect to a bonafide crash and depression (let alone bear market or recession) is so wide during a present day bull...
26Oct2:33 pmEST
There's Being Bullish; And Then There's Being Bullish Into the Weekend Bullish
Much like apple picking, pumpkins, the World Series, and shorter days of sunlight, there is something familiar and also traditional about a stock market correction during the autumn months. After all, as the late-summer/early-autumn strength of the sun abates, it is almost as if the chill in the air serves to dampen risk appetite among market...
26Oct10:54 amEST
Selling Spilling Over
One of the more interesting aspects about the current market pullback has been that one can almost feel just how stubbornly bulls have been fighting each and every dip. The valiant attempts to rekindle the glory of buy-the-dip-to-profit-from-V-shaped-rallies-to-fresh-highs of prior pullbacks is now being soundly rebuked by the market, as...
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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.
