MarketChess
Showing articles 4721 - 4730 (6635 total)
12Apr12:37 pmEST
A Clear Point of Attack
In recent videos for Members, a few points repeatedly came up: The energy sector had a few chances of late to roll back over again to fresh lows, but instead found buyers just in the nick of time. In addition, as a corollary to that first point, the XLE (ETF for the energy sector) had not tested its 200-day simple moving average (yellow line...
12Apr10:47 amEST
Deeply Underwater Horizon
Horizon Pharma, a prior multi-year winner in the healthcare sector, is down a cool 24% this morning in reaction to an 8-K the firm filed with the SEC. While the temptation may be to state that these types of moves are overdone to the downside, a function of the ubiquitous "everyone is scared of markets" argument these days, in reality HZNP is...
11Apr5:31 pmEST
Stock Market Recap 04/11/16 {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...
11Apr3:12 pmEST
I Want Precious to Come Back Up from the Hole
One of the more bullish aspects of the rally in precious metal and especially the derivative miners has been the way in which two of the mid/large cap miners responding to recent gaps down. Both GFI and SLW had been lagging the precious rally in recent weeks, dealing with their own company-specific issues which the market initially sold. But...
11Apr12:53 pmEST
Napoleon Complex
Small cap stock are showing a bit of their insecurities today. After an opening move above $110 on the IWM (ETF for there Russell 2000 small cap-dominated Index), sellers stepped in and pushed the little guys below $109 at one point. As it stands now, on the IWM 30-minute chart, below, small caps are trying to stabilize amid a freight train...
11Apr10:44 amEST
Number 23 is Still the Best
The XME, ETF for many metals and miners, is outperforming most sectors this morning, notably biotech and a few prominent growth issues like FB NKE UA. We trimmed some partial gains in a few precious miners, but are scouting out some fresh longs in other parts of the XME holdings. Regarding gold miners, the weekly chart for the GDX ETF, below...
10Apr4:09 pmEST
Weekend Overview and Analysis 04/10/16 {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...
09Apr10:19 pmEST
Saturday Night at Market Chess Cinemas
A new Major League Baseball season underway is good enough reason for me to recommend one of my all-time personality favorites, Eight Men Out (1988). We have looked at the work of auteur John Sayles before, with Lone Star (1996). But this one really brought his career into focus and earned him considerable respect in Hollywood in the...
08Apr3:11 pmEST
A Tradition Unlike Any Other
It is almost becoming a tradition for the market to grind to a halt on Friday afternoons, as we are seeing right now. Still, as I write this bears may be trying to win the session on the 18th hole, with $108.61 on the QQQ the level to watch below. If we do lose that level, the Facebook weakness today clearly presaged it. Precious metals'...
08Apr12:59 pmEST
Choppy Waters, Visualized
The 30-minute chart of the QQQ, ETF for the Nasdaq's top 100 stocks, below, illustrates the whipsaws over the last week or two. At the moment, bulls are trying to defend the lower end of this rocky range. $108.61 looks to be a significance level below, now, defended twice late this week, including within the last hour. Leaders like FB GOOGL...
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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.
