MarketChess
Showing articles 1071 - 1080 (6635 total)
04Nov10:42 amEST
The Most Heinous Sounding Pair Trade in the World Right Now
it is almost criminal to consider shorting the Nasdaq at this point, what with its one-way melt-up and daily buy program frenzy which seems to run into any initial opening bell weakness we see. And with that, QQQ (second daily chart, below) is up by more than 1% again as I write this, with NVDA surging this time and TSLA featuring a modest gap...
03Nov4:32 pmEST
Stock Market Recap 11/03/21 {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...
03Nov12:19 pmEST
Burning Time Until the FOMC
The massive pop--and now drop--in shares of meme stock favorite GME (daily chart, below) so far today seems like a sign that market players are merely occupying their time until the FOMC later today. It is widely expected, by now, that Fed Chair Jay Powell will actually go through with a tapering of asset purchases on a monthly basis. But what...
02Nov3:54 pmEST
Lying in Wait
Biotech and small caps at-large in the Russell 2000 Index do indeed seem ripe to take the leadership baton into year-end. And many market players and pundits not only agree with that statement but are seemingly lying in wait, eager for a post-FOMC opportunity to strike those stocks hard on the long side to ride them into the holidays and...
02Nov11:07 amEST
The Decadent Age of Outliers
As my friend Jonathan Krinsky just pointed out on Twitter (@jkrinskypga), TPOR, the triple-levered long transportation bull is up over 40% here, which is all the more wild considering CAR (Avis rental car) was just a 1.13% weighting in IYT transportation ETF before it was halted on its spike higher today. Thus, what we have here is a bonafide...
01Nov3:43 pmEST
Gambling on eSports: Because Nerds Need Action Too
Headed into the bell of another wild session where the likes of NVDA and especially TSLA are trading like penny stocks despite being among the largest firms in the world, the small cap strength is the other big story today. If IWM can sustain a breakout this week, then the sports gambling plays seem ripe to move with it nicely. DKNG reports on...
01Nov9:09 amEST
Morning Prep 11/01/21 {Video}
The following video is an example of the type of daily Morning Prep videos which I present each morning to Members of Market Chess Subscription Services to help prepare for each trading day. If you enjoy my videos and blog posts, then please click here for more details about joining Market Chess Subscription Services for plenty of other...
31Oct10:42 amEST
Weekend Overview and Analysis 10/31/21 {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...
29Oct3:15 pmEST
Entertaining Some Year-End Crypto Revelry
As we enter the Halloween, Thanksgiving, then Christmas/New Year's stretch portion of the year, it would probably be naive to dismiss the possibility of some further outlier events happening in markets in a year which featured meme stock squeezes in GME AMC, the TSLA moves, not to mention the rapid appreciation seen in crypto land, be it...
29Oct10:50 amEST
Two Low-Key Turnaround Plays
If the broad market either holds up or melts up into year-end, two stealth turnaround plays which we have noted with Members in recent months are finally showing more serious signs of getting their acts together. In biotech, GBT (first daily chart, below) has been a long-rumored buyout target. The stock badly lagged peers and overall since May...
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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.
