MarketChess
Showing articles 3321 - 3330 (6619 total)
25Sep3:52 pmEST
SolarEdge Appropriately Living on the Solar Edge
Headed into the bell of an interesting trading session, it is worth noting amid the solar carnage of late (FSLR today, also RUN SPWR VSLR, even JKS failed breakout), that the Israeli solar SEDG is hanging tough. Note how well the daily chart, below, ignoring some brutal sector selling, a disappointment no doubt given promising action...
25Sep1:31 pmEST
Who's in and Who's Out?
Amid some more Nasdaq selling today and the rotations we noted this morning, it is also worth keeping tabs on the precious miners vis-à-vis the current U.S. Dollar relief rally. Indeed, if the gold miners can continue to rally off their ETF's 50-day moving average (see GDX, first daily chart, below, dark blue line) even as the greenback...
25Sep10:45 amEST
Fashion Always Comes Back Around
On the back of the retail rally we noted late-last week, there is some more pronounced rotation taking shape this morning. Specifically, the "FANG" names, which compose a fair amount of weight in the QQQ (Nasdaq ETF) are being sold rather harshly, not to mention PCLN, as well. Apple has also been pulling back after its recent event, struggling...
24Sep12:42 pmEST
Weekend Overview and Analysis 09/24/17 {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 mark Please click here for more...
23Sep3:41 pmEST
Saturday Night at Market Chess Cinemas
Ed Wood (1994) pulls off the feat of trying to make a very good movie about a real-life terrible film director. This would be one of many famous collaborations between Director Tim Burton and star Johnny Depp. Memorable performances by Depp, the late-Martin Landau, and Sarah Jessica Parker make this black and white comedy-drama worth...
22Sep1:33 pmEST
Too Close for Comfort
We have a fairly slow-paced trading session shaping up on this unseasonably warm (in the northeast) Friday. Typically, the slow pace of the action in the context of an overarching uptrend would seem to favor the bull theory that we are simply witnessing a well-deserved consolidation which ought to soon be setting up fresh, lower risk long...
22Sep10:50 amEST
Summer is Over for Apple
On this official first day of autumn, Apple is seeing an abrupt end to its summer vacation. For the most part, AAPL enjoyed a strong rally after July 4th. The Dow component remains a major part of the QQQ ETF, too, and is also a Warren Buffett holding. Incidentally, Mr. Buffett claims he has not plans to sell his shares anytime soon. In light...
21Sep3:56 pmEST
Stock Market Recap 09/21/17 {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...
21Sep3:52 pmEST
Guess Who's Coming to a Fast Casual Dinner?
Jim Chanos (pictured top left with game face on) went out of his way today in his bearish burger thesis to note that he was not short Shake Shack. All kidding aside, Chanos is a bonafide legend on Wall Street and has earned that reputation fairly and square--Just do some research about his Enron short. Interestingly, he is avoiding SHAK on...
21Sep1:26 pmEST
Should Bulls Quit Doing Drugs?
It may seem like biotech bulls are a bit too giddy here and should stop doing drugs , what with the rest of the tape mixed and slow. However, the XBI (ETF for small/mid-cap bios) suggests a retest of prior $91.10 highs makes sense--Charts like to probe major prior levels. Beyond that, plenty of individual bios are setting up well behind...
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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.
