MarketChess
Showing articles 2711 - 2720 (6618 total)
20Jun10:27 amEST
The Starbucks' Bull Run is Out of Orange Mocha Frappuccinos
It seems as though every time a major multinational firm has seen its stock run into some technical trouble over the last several years, especially considering some of the sizable percentage moves these large cap names had enjoyed since 2009 or 2011, the stock sorted through those tough, technical issues with something akin to an orange mocha...
19Jun1:42 pmEST
These Steakhouses Are a Real Hit
A World Cup-esque competition among the "Steakhouse Quartet," as we have dubbed them from time to time, of the main steakhouse stocks, BLMN (Outback) DFRG (the very high-end Del Frisco's) RUTH (sizzling plate, high-end Ruth's Chris, and TXRH (the always-busy, moderately priced Texas Roadhouse) is taking hold this June. And the two winners...
19Jun10:53 amEST
Unexploded Trade War Bombs
Equities have largely been able to cast aside the barrage of trade war headlines in Trump's first term in office. China has often been on the business (er, political) end of the trade war news, as the headlines often cross in the evening hours. Although the initial jolt of seeing the headlines has been significant at times, or at least felt...
18Jun3:51 pmEST
Stock Market Recap 06/18/18 {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...
18Jun10:19 amEST
Working at Night
Given the correction in crude oil and many energy names in recent weeks, it would indeed be a stealth move for the natural gas-related exploration plays we have been tracking here and especially for Members to have them break out now. The likes of Chesapeake, among a few others, have made notable technical improvements of late, and the CHK...
16Jun4:32 pmEST
Saturday Night at Market Chess Cinemas
Following in tradition for this website on Father's Day Weekend, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. He took great care of himself, especially as he reached middle age, but an aggressive form of brain cancer...
15Jun3:38 pmEST
Mr. Rothstein, County Commissioner Pat Webb is Here to See You
Ah, the gaming industry. You have to love it. Just when the Supreme Court of the United States rules under one of America's founding principles of federalism and declares states' rights to allow sports betting if they so choose, Red Rock Resorts start to perk up as a mostly locals' casino operator in Las Vegas, of all places. RRR has been an...
15Jun9:26 amEST
Another Shot at Cracking the Natural Gas Code
In addition to a down 200-point open coming on the Dow, most commodities are also showing weakness as the latest trade war headlines likely serve as a convenient excuses for more profit-taking into the weekend. But natural gas is higher, and for our purposes we are all the more enticed by some exploration firms which have flashed more than...
14Jun3:52 pmEST
Nothing Says Bull Market Like Wildly Overpriced Sporting Goods
I was a net seller today inside the service and will likely tilt that way into the weekend. However, it is interesting to see a name like Dick's Sporting Goods, below on its daily chart, quietly improve and finally wake up after a very rough stretch beginning in late-2016. You can plainly see DKS basing tightly back above the $37 level,...
14Jun2:10 pmEST
By the Way, That's Not Mom and Pop Buying Zynga
Much like Pandora, Zynga seems to get no respect from traders even on up-days and even, as the daily chart illustrates below, the technicals are improving as a whole. ZNGA has been hot since the first day of May, with surging buy volume to support the move. Despite being a low-priced stock, there were multiple sessions where more than 25...
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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.
