MarketChess
Showing articles 3811 - 3820 (6611 total)
06Mar3:54 pmEST
Still King of the Castle
Bulls mounted another afternoon rally off morning lows for a respectable close today. Despite the small cap weakness, leaders like AMZN FB (below on the daily, and green at fresh highs) GOOGL NFLX remain constructive technically. Until that changes, it is likely going to be tough sledding for bears to inflict serious damage on the tape, even...
06Mar1:48 pmEST
Don't Hate the Vendor; Hate the Payment Game
We have another pretty slow, consolidating day of action on our hands in the market, with the GRPO, gold miner, and SNAP weakness occupying the attention of many trader. Bulls seem to be defending 2370 on the S&P 500 Index for now. So, we will see if that continues into the heart of the afternoon. As for fresh long ideas, Jack Dorsey's...
06Mar10:37 amEST
Taking Notice of These Moves
The broad market is still giving the look and feel of consolidating recent gains, as the indices pull in to kick off the week. Case in point: The small cap stocks in the Russell 2000 Index gapped below the $138 level on the IWM ETF, a sign in and of itself of a consolidating market with upside momentum on the shelf for now. Moreover, the weak...
04Mar1:36 pmEST
Weekend Overview and Analysis 03/05/17 {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 markets. Please click here for more...
04Mar1:34 pmEST
Saturday Night at Market Chess Cinemas
Not only did we recently celebrate the thirty-seventh anniversary of the famous "Miracle on Ice," when Team USA hockey defeated the Russians at the height of the Cold War in arguably the greatest upset in sports of all-time, but the NHL playoffs will be here before you know it this spring. As a result, the great comedy Slap Shot (1977) is...
03Mar1:34 pmEST
Hacky Sack Penalty: No Self Serves or Misses
It looks like marijuana play GWPH, a name we have recently been tracking for Members due to its improved and impressive chart, had a "fat finger" type of move earlier today, as a headline hit the wires that, "Mentor Capital, Inc. (MNTR) Buys $1M in GW Pharmaceuticals (GWPH) Stock." Pothead party foul notwithstanding, GWPH remains a viable long...
03Mar10:44 amEST
Chips Chipping Away
In light of the AMD weakness this morning, along with NVDA pulling back further, semiconductors as a group seem ripe for a long overdue pullback. The issue for broad market bulls is whether that capital, from the chips, can flow to other sectors which have been craving rotations, such as retail and energy. If so, then a pullback in the SMH, ETF...
02Mar3:52 pmEST
Stock Market Recap 03/02/17 {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...
02Mar3:51 pmEST
A Great Bull Market in Toilet Paper is Underway
Lost in the shuffle, er, dispenser, of the SNAP IPO hoopla is the continued strength in some of the consumer staples. Kimberly Clark, for example, the toiler paper vendor, among other bathroom necessities, is sporting a tight bull flag after recently breaking back over its 200-day moving average. The strength is apparent on the daily chart,...
02Mar1:21 pmEST
A Better Lock on This IPO
While the Snapchat IPO is predictably igniting plenty of buzz today, I have my eye on an IPO from late-last year which recently woke up with a vengeance. The Trade Desk, an ad tech company, below on the daily timeframe, has been surging over the last few years, shaking off both an initial earnings sell-off plus an offering during that time. ...
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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.
