MarketChess
Showing articles 2741 - 2750 (6618 total)
04Jun12:24 pmEST
Paint the Classic Picture
MINDBODY Inc., which provides cloud-based business management software for the wellness services industry, has been a favorite of ours for several years now. And with the recent surge in enterprise software stocks in general, MB becomes all the more attractive on all timeframes. On the updated MB daily timeframe, below, we have a classic...
04Jun10:34 amEST
Surviving the Storm
Beyond this morning's glaring weakness in the prominent domestic solar, First Solar (FSLR), we have been noting with Members for a while now that most solars were lagging the ascending kid on the solar block, Sunrun (RUN). Indeed, beyond FSLR, which is down 6.5% as I write this and slicing below its 200-day simple moving average, SEDG SPWR...
03Jun10:05 amEST
Sunday Matinée at Market Chess Cinemas
Collateral , not the current Netflix series, but the 2004 American neo-noir crime action thriller film, is a highly entertaining and worthy of viewing. The film was directed by Michael Mann, of Heat (1995) fame. And while Mann will never top Heat , Collateral ought not be disregarded. via YouTube: Vincent (Tom Cruise) is a cool,...
01Jun3:21 pmEST
That Nose is Like a Natural Canopy
One of our Members noted that Canopy Growth Corporation (CGC), formerly Tweed Marijuana Inc., is now trading off the Pink Sheets and on the NYSE . Alongside GWPH, I view CGC as a more liquid way to play "pot stocks," than merely speculating with illiquid trash on the Pink Sheets which could easily go to zero, and often does. Also note the...
31May1:44 pmEST
ASCO Not What Your Biotechs Can Do for You...
...ask what they can do for this market. With the Dow selling gaining steam today, and a Goldman Sachs headline about insider trading not helping the cause, more pressure seems to be building on tech and biotech to do the heavy lifting for bulls. There still remain fears about Italy, and now European banking titan DB is in the bears' crosshairs...
31May10:27 amEST
One Step at a Time with Box
The headlines this morning read that BOX fell hard after earnings despite top and bottom line beats. While it is certainly true that BOX has the look an feel of a "sell the news" move after reporting, it is important to note the context of the chart in order to gain better perspective as to whether the promising tech play with AI exposure is...
30May4:00 pmEST
Stock Market Recap 05/30/18 {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...
30May12:25 pmEST
How Badly Do You Want a Pot?
A Potbelly, that is. With consumer names continuing to catch nice rotations, by and large, and the likes of Shake Shack threatening a runway squeeze higher after its massive earnings gap with no giveback, we feel compelled to ferret out names which have been essentially left for dead in this part of the market. Potbelly Sandwich Shop IPO'd...
30May9:22 amEST
Avoiding Overload: What Happens in an Internet Minute in 2018
I saw the above infographic posted recently (created by @LoriLews and @OfficiallyChadd). It surely puts things into perspective in terms of just how easy it can be to suffer information overload in this day and age. And when it comes to trading, it is even more important with respect to staying thorough in our preparation as traders without...
29May2:03 pmEST
Reminder: Long-Term Overhead Supply is Not a Myth
While renewed fears regarding Italy's debt and the general European concerns are back in the news, we ought not dismiss the technical predicament of the XLF, ETF for large cap financials. Specifically, as we watch major banks like BAC C GS JPM MS WFC all get pounded with violent selling today after recent underperformance, you will note the...
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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.
