MarketChess
Showing articles 4901 - 4910 (6655 total)
17Feb12:49 pmEST
The Issue with Rallies in Downtrends
Bluebird Bio is a pretty good technical example of the trouble in playing stocks in downtrends. If you are buried long in the name from higher prices, say, above $60 or even $80, then of course all sizable rallies like the one we are seeing now will come as a relief. If you were pressing short "in the hole" at recent lows, then you needed to...
17Feb10:57 amEST
In the Headlights
With a third consecutive large gap higher on the indices, the market is doing its best to humble the boldly bearish proclamations we heard last week of imminent global doom. Still, not much technical evidence is present to suggest this is anything more than a relief rally in an ongoing downtrend. I see plenty of beaten-down, left-for-dead...
16Feb5:15 pmEST
Stock Market Recap 02/16/16 {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...
16Feb3:14 pmEST
You're Yellow, See
I see Goldman Sachs is out with a call to short gold here. As always, the yellow metal remains a controversial topic in trading and investing community. With plenty of major gold miners reporting earnings this week, I am inclined to wait until after their various price reactions before reentering the complex--We sold a SLW long on Friday to...
16Feb12:49 pmEST
It's Like a Mild Day in the Dead of Winter
When rallies occur in the context of established downtrends, as defined by declining 200-day moving averages above price on the major stock indices, it is always interesting to see the various emotions which are associated with the green. Trapped longs, from higher prices, can breath a temporary sigh or relief (hence the phrase "relief rally"),...
16Feb10:45 amEST
Hide-and-Go-Seek a Gap-Fill
Despite crude oil giving up its mornings gains for a complete gap-fill, and then some, on the USO ETF, equities have not followed suit. Even with troubled banks like CS DB gapping down, stocks are holding firm after the first hour of trading. I suspect the fade-the-open after a long weekend was a bit too obvious to come to fruition. However,...
14Feb4:04 pmEST
Weekend Overview and Analysis 02/14/16 {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...
14Feb11:56 amEST
Sunday Matinée at Market Chess Cinemas
Regardless of your political affiliations, one thing is certain: As we move throughout this year politics will become increasingly prominent on the national stage headed into the November 2016 general election. With this in mind, an excellent documentary/biography to watch is Boogie Man: The Lee Atwater Story (2008). Viewers from all...
12Feb2:48 pmEST
Ketchup to Those Miners
One of my many important concepts we have been discussing for Members on a daily basis regarding the recent surge in precious metals and their miners of late is whether we see some of the not-yet-extended miners begin to play catch -up. Royal Gold is one such example, below on the daily timeframe and not over its 200-day moving average (like...
12Feb12:51 pmEST
Big Hammers and Big Volume
Although today may largely prove to be a fairly low volume bounce in the market, the story this week could easily be the heavy volume we have seen in the likes of crude oil, gold and precious metals miners, and headliner Deutsche Bank. As an example, consider the DB weekly chart, below, and massive volume this week as the stock reverses...
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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.
