MarketChess
Showing articles 2001 - 2010 (6618 total)
23Oct10:48 amEST
Don't Just Go Through the Motions
One of the more challenging aspects about speculation, of all kinds, is catching yourself in the moment and resisting the urge to place a bet simply because that is what you think you are supposed to do. After all, if you are not trading, then what difference is there between you and some who never trades? On the surface, it seems like not...
22Oct10:51 amEST
Biogen Changing Just in Time
After large cap biotechnology stock Biogen resurrected its Alzheimer’s drug during its earnings beat this morning, the stock is higher by roughly 30% as I write this. Considering we are talking about a firm with a market cap over $50 billion, this is a rather unique move. As it pertains to the biotechs as a whole, keying off the IBB and XBI...
21Oct3:47 pmEST
More Ways to Fall in Love
Just a quick follow-up into the bell today with our working thesis that energy stocks and materials are putting in a long-term bottom: We have crude oil lower on global demand concerns (or at least that is the reason provided by CNBC). However, energy stocks themselves are higher, with the OIH ETF (oil service and equipment stocks) up 3.5% as...
21Oct9:53 amEST
Early Analysis of the Small Caps
"They've got tremendous moxie for their size." "Tell me about it. IWM is a fighter." Small caps are out of the gate impressively this morning. However, at the risk of throwing cold water on the party, note that software names like COUP MDB NOW OKTA TEAM WDAY are all red again (or flattish) and still cannot even muster a bounce after...
18Oct3:47 pmEST
Gliding All Over
For better or worse, I elected to lock in some modest wins with recent trades and move to full cash into the weekend. After some choppy and sloppy trading in recent weeks and even months, my thinking is to get back into the habit of taking down wins as long as the market is not in a silky smooth trend higher. And given the harsh selling we saw...
17Oct9:24 amEST
Make Yourself at Home
The housing sector continues to thrive to little fanfare, with homebuilders front and center in the ITB and XHB sector ETFs. Beyond some well-known builders like DHI KBH PHM are lesser-known but high quality ones like LGIH MDC SKY, among many others. For a while now, we have been tracking the relative and absolute strength in this sector both...
16Oct10:52 amEST
A Nap; Just Not a Dirt Nap
Software growth names are back in the doghouse this morning, be it due to a NOW downgrade or simply sellers reasserting themselves in the likes of AYX COUP MDB RNG SPLK WDAY, among others. Clearly, when we see these growth stocks come back under pressure it gives us pause regarding the potential for an imminent move to new highs in the broad...
15Oct5:00 pmEST
Stock Market Recap 10/15/19 {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...
15Oct11:05 amEST
Getting Un-Zuck
The large cap, glamorous "FANG" stocks in tech (Alphabet, Amazon, Facebook, Netflix) have been "stuck" in the mud of this market for months, regardless of how well Alphabet's chart has held up and been acting (in fact, GOOGL is my horse in this race and has been for a while). Even with GOOGL exuding impressive relative strength to, say, NFLX,...
14Oct10:46 amEST
Tesla's Chart on Autopilot
It has been a while since we checked in on shares of Tesla, Inc. Elon Musk's idiosyncrasies notwithstanding, the long-term chart for TSLA is actually rather anti-climactic in its action in recent quarters. On the first monthly chart, below, we can see as much, with corrections below $200 finding buyers for years now. On the other hand, rallies...
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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.
