MarketChess
Showing articles 3591 - 3600 (6647 total)
12Jun1:41 pmEST
A Lingering Appetite
To revisit a working thesis we discussed previously, the notion that the transition from Obama to Trump would automatically mean a much more bearish stance on the firearms plays seems to be quietly under heavy scrutiny by the market right now. And rather than become redundant on the short-term rotation out of tech, it is all the more alluring...
12Jun10:28 amEST
Exxon, Risk Off
A fairly obvious rotation out of technology/discretionary leaders, such as AAPL AMZN FB GOOGL, among others, is materializing this morning on the back of the same theme to close out last week. While the Nasdaq is at least undergoing a shakeout, if not more, what seems to be keeping things afloat on many levels is the lifeblood of a bull market:...
11Jun10:45 amEST
Weekend Overview and Analysis 06/11/17 {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 mark Please click here for more...
11Jun10:40 amEST
Sunday Matinée at Market Chess Cinemas
It is probably a contrarian point of view, but I have always thought there was something off about Quentin Tarantino’s films. Granted, he has made some entertaining ones. But they are not quite on the level of genius or even excellent films that many would have you believe. As an alternative to some of Tarantino’s campy films, consider Out of...
09Jun1:43 pmEST
There's No Nation Like Rotation
What's the best nation in the world? Donation. What's the best city in the world? Generosity. An abrupt rug-pull this morning in hot momentum tech darlings, like NVDA , and even AMD AAPL TSLA, among others, is applying pressure to the bull thesis for continued sector rotation to keep this market uptrend afloat headed into the FOMC next...
09Jun10:57 amEST
Double Indemnity When This Rotation Occurs
In addition to financials and small caps stealing headlines for being rotation beneficiaries this week, the often overlooked insurers in the KIE sector ETF are threatening to benefit as well. On the KIE daily chart, below, now how quiet the insurers have been as a group since March. A push above $88 now should trigger a breakout. And looking at...
08Jun3:46 pmEST
Stock Market Recap 06/08/17 {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...
08Jun3:44 pmEST
You Cannot Completely Avoid the Drama
The Comey testimony today was largely a non-event for stocks, as the larger issue for traders focused on price action in lieu of politics was the rotation back into small caps and banks, like Citi, for the most part. In addition, the XME (ETF for materials miners) staged an impressive rally, with beaten-down winners from 2016 like CLF and TECK...
08Jun1:34 pmEST
A Toll Booth Willie Bull Market
Persistent strength in payment processors SQ PYPL (not to mention the uniquely strong, multi-year bull runs in leaders MA and V) reinforce the secular theme of the modern day "toll collector" business model dominating global capitalism. Earlier today on social media I charted QIWI, a similar play with exposure to Russia. There are other...
08Jun10:36 amEST
One Consolidation for Me, and One for My Comey
The gist of price action throughout this week has been one of consolidation, with some fits, starts, head-fakes higher, and down-fakes lower providing a fair amount of frustration for traders pushing the envelope in terms of aggression. With the Comey testimony now underway in Washington, as traders we want to sift through the political noise...
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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.
