MarketChess
Showing articles 4621 - 4630 (6612 total)
09May10:48 amEST
A Bit Too Leisurely
Despite some notable weakness this morning in miners, emerging markets, financials, and semiconductors, the oversold bounces we are seeing in retail and biotechnology/pharma issues are keeping leisurely bears from reaching their destination of meaningful market downside. Both XRT and XBI ETFs, for retail and small/mid-cap biotechs,...
08May12:58 pmEST
Weekend Overview and Analysis 05/08/16 {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 more...
07May6:53 pmEST
Saturday Night at Market Chess Cinemas
On this Mother's Day Weekend, one of the more common points of feedback I receive from female readers is that the weekend film recommendations are almost never anything remotely resembling a "Chick Flick." So let's tackle that issue tonight, with Next Stop Wonderland (1998), a very underrated and under-watched film which is certainly worth...
06May3:00 pmEST
Red Auerbach on Defense
Defense has so much to do with the current market, regarding trading and strategy. Today, for example, after a lousy jobs number, a weak AAPL, some horrific earnings sell-offs (DATA FEYE GPRO), and a general drift lower since Monday, bulls appear to be initially defending the 50-day simple moving averages on the S&P 500 and Russell 2000...
06May12:59 pmEST
Lyin' CRUS Logic
The persistent weakness in Apple jumps out from the tape today, with AAPL all of its minor gains from a bounce attempt mid-week, and then some. Apple remains a bearish chart on virally all timeframes, with the name back below its prior 2012 highs, to boot, calling into question a good deal of gains from its 2013-2015 rally. With this in mind,...
06May10:46 amEST
Overkill
Barring a buyout (with a hefty premium) or some type of change which actually works, stocks like FIT GPRO, even FEYE, are good reminders that some things in this world are broken and are not meant to be fixed--Leaving them be is often the best play. The amount of pure destruction of capital and confidence sustained by bottom-picking bulls in...
05May4:42 pmEST
Stock Market Recap 05/05/16 {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...
05May3:14 pmEST
The Color of Money
Headed into another batch of earnings tonight and the jobs number tomorrow morning, equities are mixed. The drift higher this morning turned into a drift lower in the afternoon, with retail and transports the notable laggards weighing down bulls. Biotech did reverse well off the IBB XBI lows. But as we saw earlier in the week bulls are going...
05May12:52 pmEST
Timid, But Still Present
The slow market action this morning is spilling over into the New York lunch hour, as retail, transports, materials, and biotech lag. Bulls have, however, largely blunted any aggressive downside action despite the glaring laggards and the overall narrow patch of leadership. Even with TSLA reversing hard into the red, for example, buyers...
05May10:37 amEST
The Reevaluation Stage
Much like our analysis regarding PCLN yesterday after earnings, this morning after its own earnings Tesla Motors compels us to take a look at the leader on multiple timeframes. First, just like PCLN, Tesla has gone, net-net, nowhere over the last two years. Specifically, TSLA is trading at the same price today it was in May 2014. So, despite...
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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.
