MarketChess
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08Aug1:07 pmEST
A Roundabout Way to Get Back
After topping out in late-2013, high end auction house Sotheby's is essentially back up to where it was in the summer 2014, two years ago now. As you can see on the zoomed-out monthly, below, BID acted as a proxy for bull/bear cycles since the early-1990s, for a variety of reasons. However, since 2013 no such close correlation has followed...
08Aug10:48 amEST
Explore This Overlooked Segment in Energy
As legend holds, on his way down to Seaside Heights for a weekend full of fist pumping at the club, Giovanni da Verrazano (above, top right) discovered the majority of the eastern coast of America including the Virginia and Delaware Capes, New Jersey, New York Bay, Rhode Island, Narragansett Bay, Massachusetts Bay, and the Maine Coast, for his...
07Aug1:57 pmEST
Weekend Overview and Analysis 08/07/16 {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...
06Aug12:41 pmEST
Saturday Night at Market Chess Cinemas
Shot in black and white, the crime/drama noir The Man Who Wasn’t There (2001) is probably one of the more overlooked and under-watched films which Joel and Ethan Coen have written and directed. The cast is first rate, including Billy Bob Thornton, Frances McDormand, and the late, great James Gandolfini. The film makes for a solid summer...
05Aug1:13 pmEST
Bristol-Myers Squeamish at Prior Highs
Although its cancer treatment failing to meet its goal in a lung cancer trial is the obvious reason for BMY's stock getting drilled 15% today, it is worth looking at the long-term chart and understanding that these types of moves seem more likely than usual for the name, On the monthly chart, below, the healthcare titan rallied directly into...
05Aug10:59 amEST
It's Not Risk on, Risk off: It's Rates on, Rates Off
Unlike previous market cycles where we would see a "risk on" and "risk off" alternating pattern, with the Dollar surging and deflation the de facto concern as equities and commodities were pummeled (and vice versa when the Dollar sold off) in unison, this cycle is hinting at something slightly more complex. In fact, with this morning's jobs...
04Aug3:44 pmEST
Stock Market Recap 08/04/16 {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...
04Aug3:43 pmEST
Time to Negotiate Some Jobs
In front of PCLN earnings tonight, then the jobs report tomorrow morning before the bell, stocks remain in a very narrow range dating back to July 14th on the S&P 500 Index. Much like Tesla Motors, which is still stuck in its own multi-year range, PCLN is a market leader which has actually been sideways since early-2014, too. On the monthly...
04Aug12:58 pmEST
An Arbitrage Play of Sorts
Along with Disney, McDonald's is quietly turning in a lackluster performance in the market. Just as with DIS, MCD may be suffering the effects of a long in the tooth multi-year bull run, as the seemingly can't-miss blue chip name has noticeably lagged other fast food players like JACK QSR YUM since Memorial Day. But one name have played...
04Aug10:41 amEST
Close Range Photography
Tomorrow morning's jobs report may very well prove to be the excuse this rangebound market at all-time highs needs to commence its next directional move. On the S&P 500 Index daily timeframe, below, note the Bollinger Bands "pinched" after the narrow sideways movement since mid-July. From periods of compression in the market often come...
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“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.
