MarketChess
Showing articles 2811 - 2820 (6607 total)
24Apr3:50 pmEST
Only the 1990s Can Save Us Now
Rough day for bulls virtually all the way around, especially considering the "sell the good news" GOOGL reaction, as well as SQ dumping out hard. A bright spot is the 1990s nostalgic play, GES, below on the daily chart. We have flagged this one recently for its relative and absolute strength, which persisted today. Earnings are still nearly a...
24Apr1:57 pmEST
Don't Buy Anything!
This seems like a good reminder to replay Jimmy Conway's speech, although I am still not convinced we are entering a brand new bear market. As demoralizing as I am sure today's price action is for bulls looking for a fresh run back to new highs, as I noted earlier we could simply experience a third wave down of selling like in GOOGL before...
24Apr10:51 amEST
A Migration Downstream
Despite Google/Alphabet turning in solid earnings last evening, the market's reaction this morning suggests buyers are out of gas for now in a major, marquee Nasdaq leader. While it is true that cherry-picking a single earnings reaction as prima facie evidence of a major top or change in trend is a bit too dramatic, this morning's nearly 4%...
23Apr3:38 pmEST
Stock Market Recap 04/23/18 {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...
23Apr3:31 pmEST
Gold Bugs Might Want to Listen to Led Zeppelin
Gold bugs need to avoid the the allusion made by the famous Led Zeppelin song, "Fool in the Rain," about waiting for someone but in the wrong spot. In this case, gold bugs have been waiting for inflation and a new gold bull run. But if the U.S. Dollar keeps rallying they had better rise to the occasion into the pullback we are seeing in the...
23Apr1:06 pmEST
Thar She Blows!
The major averages continue to operate in a grinding range, in a bit of a holding pattern today in front of what is likely to be the busiest macro and earnings week of the spring, staying with Google/Alphabet tonight, not to mention with rates moving higher yet again. Select equities are acting well, but I am reticent to press longs until I...
23Apr10:32 amEST
No Fumble from Macy's This Time Around
A remarkable but seemingly under-the-radar relative strength chart during the recent market uncertainty has been the iconic department store, Macy's. Macy's has been in a devastating downtrend since 2015, at one point in the conversation among retail bears (and/or Amazon bulls) to go to zero. However, as you can see on the daily chart, below,...
21Apr11:40 pmEST
Weekend Overview and Analysis 04/22/18 {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 more...
21Apr11:38 pmEST
Saturday Night at Market Chess Cinemas
The Wild Bunch (1969) headlines the talented William Holden, Ernest Borgnine, and Robert Ryan about an aging group of outlaws looking for one last big score as the “traditional” American West is disappearing around them. If you are looking for well-done western action, this film is as good as any.
20Apr12:43 pmEST
More Pressing Matters Than GE
Regarding General Electric's post earnings bounce from its downtrodden positions on the long-term timeframes, I continue to key off the $14 level. If bulls allow GE to dip back under that level then I suspect the current relief rally will prove ephemeral and uniquely demoralizing for value players seeking to bag the proverbial elephant. But...
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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.
