MarketChess
Showing articles 3551 - 3560 (6611 total)
13Jun1:26 pmEST
Precious Screams for Pleasure or Pain
We are not likely to get any type of resolution in the precious metals and mining complex until after the FOMC tomorrow, if at all, to the now-glaring divergence between the weak silver metal versus the suddenly firm junior gold miners. But you can be sure we will be paying close attention to how the complex reacts to the Fed's decision,...
13Jun10:39 amEST
Outback: Australian for Relative Strength
Cheesecake Factory, Inc., is one of the more visible losers this morning, as the causal dining chain notorious for long wait times and heaping portions of high carbohydrate dishes updated poor guidance this morning. While CAKE is down more than 10% as I write this, we ought not throw the entire causal dining baby out with the tap water. ...
12Jun3:39 pmEST
Stock Market Recap 06/12/17 {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...
12Jun3:37 pmEST
OMER Took an Omertà
A little bit of a creative license taken with that blog post title on a slow, June afternoon does not change the fact that Omeros (first daily chart, below) is the visible winner in biotech today. Note the tight base breakout. Holding $17 now would be a very bullish development for the Seattle-based biopharmaceutical company. OMER is keeping...
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...
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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.
