MarketChess
Showing articles 4461 - 4470 (6603 total)
05Jul10:41 amEST
Natural Potholes
With the prospect of a much more dovish Fed than had been expected just a few short weeks ago, financials, insurers, and brokerages are all struggling mightily this morning. Typically, when this complex has displayed sharp weakness, as we saw off the open, the broad market takes notice and at least slows down a bit, keeping a lid on even the...
04Jul2:20 pmEST
Weekend Overview and Analysis 07/04/16 {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...
02Jul7:32 pmEST
Saturday Night at Market Chess Cinemas
On this Fourth of July weekend, it is worth going back to just before the American Revolution with The Last of the Mohicans (1992), set in 1757 during the French and Indian War. Fought mostly here in present-day America, the result of the war (a British victory over France, with both sides fighting alongside Native American allies) would...
01Jul10:29 amEST
Recalibrating the Strength in Miners
Plenty of miners, precious and otherwise, have continued to build on their strength in 2016 after the latest Brexit selloff and subsequent V-shaped recovery. Silver miners have been notably ferocious to the upside, with some gold miners like KGC trying to come from behind and play catch-up this morning. Teck Ressources is a materials miner we...
30Jun3:48 pmEST
Not So Fast, My Friends
If there were ever a market which would make Lee Corso proud, it is this one. Not only is the Brexit now actively being discussed for the potential to be "walked back," but HSY rejected the earlier MDLZ buyout bid. And, of course, the limit down move in the futures just about one week ago is close to being completely recaptured. Such is life...
30Jun1:03 pmEST
Another Take on the Hershey Buyout
Hershey's stock surged to new all-time highs today on a Wall Street Journal report about a MDLZ buyout bid. I suspect Milton Hershey would be proud of the strategy, should the deal go through for a few reasons. MDLZ agreed to change its name to Hershey and keep all of the jobs in Pennsylvania, even moving its own workers to Hershey, PA. But...
30Jun10:53 amEST
Discussing the Morning Action
Several prominent consumer names, such as F HD LVS V, are all bear-flagging on daily timeframes and in the red as I write this. However, with the indices still drifting up and intraday pullbacks being bought up by eager dip-buyers who no doubt feel emboldened about the lack of a post-Brexit bonafide crash, I suspect holding off on pressing...
29Jun4:36 pmEST
Stock Market Recap 06/29/16 {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...
29Jun3:44 pmEST
A False Sense of Safety
The lurch toward U.S. Treasuries after the Brexit fallout may prove to have been simply just that--An emotional knee-jerk reaction which is soon short-lived. Recall that the market in recent months has been putting the Fed to the test, exposing Yellen and company for being mostly controlled by market movements rather than a clear-cut plan...
29Jun1:08 pmEST
Gobbling Up the Oil Spill
After inventory this morning, it is impressive to see crude oil continuing to rally. On the USO ETF daily chart, below, note Black Gold recapturing the 200-day moving average. With this in mind, I continue to look to see if TLT will fade its post-Brexit rally, as USO and TLT can often move in different direction. And energy leader XOM is...
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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.
