MarketChess
Showing articles 4571 - 4580 (6634 total)
06Jun12:56 pmEST
Red Within the Green
Precious metals and miners are mostly pausing today, as the market likely digests and interprets new comments from Chair Yellen about monetary policy. The U.S. Dollar, keying off the UUP ETF, attempted to green earlier but is now back in the red as I write this, following-up on last Friday's monstrous gap down. Regarding the miners, as long as...
06Jun10:51 amEST
When the Hustle is Over, You Leave Town
Now is not likely the correct time to begin trading the firearms plays, RGR SWHC, on the long side due to rising gun sales. In fact, on the SWHC weekly chart, below, that trade looks to have run its course, with the ubiquity of the bull thesis likely priced in already. In fact, a slowdown is the buzz of the tape this morning, with political...
05Jun1:14 pmEST
Weekend Overview and Analysis 06/05/16 {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...
04Jun8:33 pmEST
Saturday Night at Market Chess Cinemas
Saving Private Ryan (1998), Director Steven Spielberg and Tom Hanks’ dramatic World War II epic, makes sense to watch (and re-watch) with the D-Day Anniversary approaching this Monday (from June 6th, 1944, when the Allies put into action the long-awaited Normandy Beach Landings into Nazi-controlled Europe). The jaw-dropping cast features...
04Jun8:28 amEST
Boxing and Trading
As the world mourns the death of heavyweight boxing champ and prominent global figure, Muhammad Ali, it is worth drawing a few parallels between boxing and trading. The focus on footwork, even though it feels unnatural and seeming odd, in boxing, is not unlike the trading concept of cutting losers and adding to winners, even though that seems...
03Jun1:15 pmEST
The U.S. Dollar is Turning Into a Bad Kenny Chesney Song
One of the main pieces of the puzzle in terms of whether precious metals and miners are truly on the cusp of a new leg higher would be if the U.S. Dollar, or "King Dollar," actually having no clothes. For if the King (Dollar) has no clothes, and definitively loses its attempt to regain previously-broken fifteen-month support, as illustrated...
03Jun10:53 amEST
A Methodical Job
The great irony with this morning's jobs report and all of the inevitable, accompanying "hot takes" by economists and pundits about what it means for a June rate hike (or lack thereof, or back to NIRP, or QE4, etc.) is that the consolidation in the gold miners has been methodical for a few months now. That may not be much consolidation for gold...
02Jun4:43 pmEST
Stock Market Recap 06/02/16 {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...
02Jun3:40 pmEST
What's the Difference a Short Squeeze and a Bonafide Breakout?
Either way, shorts are up against it and more and more individual stocks are acting well ahead of the big jobs number tomorrow morning. More after the bell in my recap for Members and the brief one here.
02Jun12:57 pmEST
Conquering Anti-Social Disorders
Considering they are "social" stocks, the likes of LNKD TWTR YELP, even P, have been decidedly anti-social in their price action over the last few years, especially considering the indices made new highs and many primetime leaders like AMZN FB surged. We have discussed this theme in recent weeks. So what we are going to do now is update it: I...
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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.
