MarketChess
Showing articles 3061 - 3070 (6619 total)
17Jan2:25 pmEST
Let's Drive a Hardcore Pawn Bargain with This Correlation
Oftentimes in writing about markets in real-time, being "too early" versus being flat-out wrong on a given a thesis can often be a matter of semantics and, ironically, not unlike a negotiation at a pawn shop where value is simply determined in the eye of the beholder (who happens to hold some leverage in the negotiation). In reality, though,...
17Jan10:44 amEST
A Spectacle for All to See
Perhaps the main issue with shorting into yesterday's broad market reversal lower was that the prospect of a "blow-off top" or major reversal day off the Dow hitting 26,000 (and the S&P hitting 2800--Big, round but arbitrary numbers indeed) became blatantly obvious. Typically, the market will not top out in such an in-your-face manner, per se....
16Jan3:42 pmEST
Stock Market Recap 01/16/18 {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...
16Jan3:39 pmEST
A Straight Hustle if I've Ever Seen One
After a spectacular start to 2018, we saw a massive gap higher this morning reverse down after the Dow Jones Industrial Average surprised the big, round (but arbitrary) 26,000 level. The above description would seem to be an ideal short setup for bears looking to pounce on an exhaustion move. And while it is certainly true that many stocks are...
16Jan12:32 pmEST
Trade Review: Adjusting to This Type of Market
Last Wednesday, January 10th, inside Market Chess Subscription Services I went long the mid-cap biotechnology stock, Bluebird bio. Here was the text and email alert I sent out after my tweet to clients: TRADE: New Long BLUE @ $171.40 Stop: $160 Target: $190. 2% Size. Mid-cap bios get rotation. Oversold at 50-day m.a. Last Friday, however, I had...
16Jan10:32 amEST
Tesla Part of the Background Scenery
Given the melt-up we are seeing on the major averages, with "Dow 26,000" headlines making the rounds today in the non-financial news media, one would think that Tesla Inc. would surely be out in front of the tape ripping higher. That has not been the case, though, as TSLA has faded a bit in recent months into the market's background scenery....
14Jan11:44 amEST
Weekend Overview and Analysis 01/14/18 {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 mark Please click here for more...
13Jan8:26 pmEST
Saturday Night at Market Chess Cinemas
With the 2018 PyeongChang Winter Olympics approaching early next month, Chariots of Fire (1981) is one of the better movies referencing the Olympics. The theme song played in the clip below is iconic. This is definitely an inspiring film and worth checking out to get you into the mood. From imdb.com Two British track athletes, one a...
12Jan3:20 pmEST
If the Market is on Yayo, Then We Must Look at Zayo
Headed into a three-day weekend, a hot broad market is still melting up as we speak. At this point, our focus in on those names which may have lagged this week but are not lagging the tape as a whole. In other words, we want to identify strong overall chart (meaning over a period of months, quarters, etc.) even if they have been quiet of late....
12Jan10:57 amEST
A Trick off the Old Blockchain
I must admit it was interesting to see Warren Buffett and his right-hand man, Charlie Munger, eschew Bitcoin and crypto currencies in general this week, throwing it largely into the same "too hard, and I don't understand it" basket they once threw virtually all of tech. And, yet, Berkshire Hathaway owns 134 million outstanding shares of...
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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.
