MarketChess
Showing articles 4871 - 4880 (6638 total)
22Feb12:55 pmEST
Gap and Kansas with Dust in the Wind
The intraday chart of the SPY, below, shows a gap up and subsequent sideways base which looks flatter than Kansas. Headed into the heart of the afternoon of trading, I am looking to see if the VIX continues to drop lower, as it did all morning. If bears are going to make a move in stocks, then seeing VXX and the like firm up is probably going...
22Feb10:44 amEST
Market Whack-A-Mole
On a daily basis, it seems as though equities, even more than usual, are playing a game of whack-a-mole with various issues around the world. On some days, the Japanese Yen comes to the forefront; Others, it is China or the EU. Today, crude oil strength look to be helping bulls sustain an opening gap higher. In addition, copper is gapping up...
21Feb4:04 pmEST
Weekend Overview and Analysis 02/21/16 {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...
21Feb12:01 pmEST
Sunday Matinée at Market Chess Cinemas
Available on Netflix, The Heavy Water War (original title Kampen om tungtvannet and alternative title The Saboteurs (UK)) is a six-episode TV miniseries produced by the Norwegian Broadcasting Corporation. Thus far, I like what I see. And I believe it is well worth the viewing for the interesting tidbit of historical tensions between Norway...
19Feb2:43 pmEST
A Benign Grind of a Day...Or is It?
The action for much of today smack of a resilient yet grinding market, in light of the bouncing earlier in the week. The VIX has been steadily weak all day, despite red crude and a green Yen, which is not making life easy for shorts pressing for an imminent market rollover. However, the VXX, VIX ETF, below on the daily chart, spiked up just...
19Feb12:49 pmEST
The Overbought in a Downtrend Setup
Chipotle Mexican Grill represents the type of setup which "should" work on the short side again, as it is overbought (upper Bollinger Band) in a clear, ongoing downtrend (declining longer-term moving averages). Still, if the setup is too easy for bears, as it may have been this morning with the indices, then perhaps it will simply continue to...
19Feb11:02 amEST
Docked at This Level
Opening weakness in equites has largely abated through mid-morning, as bulls defended the 20-day simple moving averages across the major index charts. On the QQQ, below, for example, the ETF of the Nasdaq-100 stocks shows a reversal to green off a red open right at the orange line, which is the 20-day moving average. It is unlikely that bears...
18Feb5:11 pmEST
Stock Market Recap 02/18/16 {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...
18Feb3:31 pmEST
Time to Revisit Some Basic Philosophy of Gold
There is no denying the persistent strength in "the color," with the miners shaking off some earnings misses today ad mostly up nicely. GFI, a laggard, is coming back here and on track to close over its 20-day moving average, despite a huge gap down. We are taking things one step at a time, but the action is improving noticeably in the...
18Feb12:45 pmEST
Afternoon Battle Plans
Bears had a chance to really wreak havoc on the market with a thrust lower at about 11am EST this morning. However, buyers stepped in for damage control, and we are grinding through the New York lunch hour as we speak. On the intraday chart of the SPY, ETF for the S&P 500 Index, below, we are keying off the $192.50 level as being a significant...
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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.
