MarketChess
Showing articles 2871 - 2880 (6613 total)
03Apr3:47 pmEST
Nice Bounce; Now Let's See Which Side Gets Trapped
Corrective markets love to draw in hopeful shorts and longs alike, given the various looks we see throughout the trading session, and then close the trap door shut with abrupt moves in the opposite direction. In today's tape, though, we have bulls apparently regrouping after a poor showing just a few hours ago as the QQQ flipped red. Thus,...
03Apr1:14 pmEST
Gold: The Future Holds Many Surprises
While today's softness in the precious metals and mining complex may seem like another in a long line of letdowns for gold bugs, it is worth nothing that a bullish interoperation of this action would suggest the backing and filling is far more constructive for the intermediate-term picture than the previous sharp pops-and-drops we have become...
03Apr10:24 amEST
Keep a Proper Distance
While there are plenty of headlines to harp on regarding the recent market price swings and general volatility, a recurring visual motif on this website and for Members has been the weekly chart for the small cap-dominated IWM, ETF for the Russell 2000 Index. Specifically, the significance of the two-year (plus) support trendline which has...
02Apr3:50 pmEST
Stock Market Recap 04/02/18 {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...
02Apr3:45 pmEST
There She Goes: A Dark Start to a New Quarter
Much like the weather in the northeast today, bulls who were hopeful for a new start to April, the second quarter of trading, and spring in general are facing some more winter volatility and a huge Dow drop. That said, my concern with pressing shorts in the very near-term would be not getting swept up in a widely-watched 200-day moving average...
02Apr1:59 pmEST
Changes in Latitudes, Changes in Trading Platitudes
It's these changes in latitudes, changes in attitudes Nothing remains quite the same With all of our running and all of our cunning If we couldn't laugh we would all go insane - Jimmy Buffett, "Changes In Latitudes, Changes In Attitudes" While posting an occasional quote or witty saying is always appreciated, I am not one to spend my days...
02Apr10:42 amEST
Silver Miners: Sending Out an SSR
Silver is outperforming gold this morning, a fact which stands out considering gold is usually considered the safe haven during times of uncertainly and a bit of a fear in the equities' market. Silver, therefore, with its industrial exposure, typically takes a backseat to the store of value which gold provides. Thus, with SLV, the silver ETF,...
01Apr9:14 amEST
Weekend Overview and Analysis 04/01/18 {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...
31Mar8:41 amEST
Saturday Night at Market Chess Cinemas
After recommending the first season of the Amazon Prime Original Series, "Sneaky Pete," last year, I am going to follow-up after watching season two and re-recommend the show. There is plenty of overlap in this show with the FX standout, "Justified," from years back, with Graham Yost behind the scenes as an executive producer and Desmond...
29Mar1:43 pmEST
It's Not How You Drive, It's How You Arrive
Headed into a three-day holiday weekend as the first quarters of trading comes to a close, it may be a bit much to expect bears to press with the likes of Amazon and Tesla now both very oversold short-term and trying to at least stage respectable relief bounces. Thus, bears who are counting on a corrective market to automatically close poorly...
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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.
