MarketChess
Showing articles 2991 - 3000 (6618 total)
12Feb1:50 pmEST
The Dow is 420 Friendly Nowadays
The early weakness in the small caps is now looking like a trap to lure in overzealous shorts with an itchy trigger finger, the indices quickly regrouped and are now surging into the heart of the afternoon session. While I did not rush in and short this morning, I have been extra selective in terms of adding back long exposure. My reasoning...
12Feb10:34 amEST
A Different View of a Popular Destination
More than anything else, the supposed new era of markets where computers front-run the "old ways" of traders doing things has ingrained a certain behavior into market players which sees them assuming that any slight undercut of a well-defined, prior support area must be a great buying opportunity. This idea fits neatly alongside the notion of...
10Feb11:13 amEST
Weekend Overview and Analysis 02/11/18 {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 mark Please click here for more...
10Feb11:05 amEST
Saturday Night at Market Chess Cinemas
Three Billboards Outside Ebbing, Missouri (2017) received critical acclaim upon its release, and has since been nominated for and won several awards. Unfortunately, I do not share the view that this is an exceptional film, nor a particularly good one. Instead, I believe that too many critics and viewers simply gave the benefit of the...
09Feb1:48 pmEST
Cold, Hard, American 100% C(r)ash
During the late-morning swoon spilling over into the early-afternon portion of the session, I decided to close out my swing shorts and move to 100% cash in my trading account inside Market Chess Subscription Services. To be sure, a loose and sloppy close today would draw analogies to the crash of 1987, in terms of the weakness leading up to...
09Feb10:34 amEST
A Shady Throwback
Although FEYE and NVDA are two bright spots for bulls on the earnings front today, with both names gapping higher this morning, the broad market bounce attempt has yet to make much of a dent vis-à-vis yesterday's 1,000-point plunge on the Dow. To be sure, an afternoon squeeze may gather steam if bears are unable to overturn the rally and...
08Feb3:43 pmEST
Stock Market Recap 02/08/18 {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...
08Feb3:41 pmEST
Welcome to the Big Leagues, Jerome Powell
With the next Federal Open Market Committee meeting not scheduled until late-March, new Fed Chair Jerome Powell is already facing markets doing what they have done for decades: Put new Fed Chairs to the test right off the bat. And the fact that we still have just under two months before that meeting means the recent volatility may not...
08Feb1:30 pmEST
And Then There was the Yen...
With the various headlines in recent days, weeks, months, even years, I am sure we all forgot about the Japanese Yen currency as issues in Japan seems to fall into the background. Nonetheless, when the Yen rallies strongly it tends to bode poorly for global risk appetite, especially equities, as it signifies "risk off" for a variety of...
08Feb10:42 amEST
A Dim Sum Morning
Much like dum sum in Chinatown on a weekend morning, the market this morning has something for everyone on which to nibble. On the one hand, we have a name like TWTR (following-up on SNAP yesterday) smashing earnings and continuing its long-term turnaround for the better. GRUB is equally as impressive, acting more and more like an emerging...
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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.
