MarketChess
Showing articles 2971 - 2980 (6618 total)
20Feb3:44 pmEST
The Path of Most Resistance
It appears as though that the WMT and Dow weakness, at least for today, was sufficient to overpower the strength in many parts of tech, as the Nasdaq flipped red late this afternoon. I see names like AMZN fading well off session highs, which compels me to stay and even add to index shorts as hedged against my equity longs inside Market Chess...
20Feb1:06 pmEST
Long-Term Perspective on Walmart
While the selloff in Walmart after earnings today is bringing out many pundits who are listing the reasons to be bearish on the iconic name going forward, the zoomed-out monthly chart, updated below, provides some context for WMT's price action dating back two decades or so. As you can plainly see, WMT has been methodical and steady in its...
20Feb10:44 amEST
A Battle-Tested Chart
With the Dow down more than 200 points as I write this, the semiconductors housed in the SMH ETF are higher by more than 1.3%. While the chips may eventually buckle under further market pressure, it is worth noting that quite a few individual names in the sector are confirming the early morning outperformance, namely prominent ones like INTC...
18Feb12:14 pmEST
Weekend Overview and Analysis 02/18/18 {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...
17Feb8:23 amEST
Saturday Night at Market Chess Cinemas
The great Louis Malle’s My Dinner with Andre (1981) is as much the antithesis of an action movie (at least a physical one) as you will ever see. And yet, it is an entertaining film in its own right, a tribute to the dialogue, acting, and, of course, Malle’s direction. via imdb : Wallace Shawn and Andre Gregory, apparently playing...
16Feb1:43 pmEST
Take the Pain
The rally off last Friday's lows has almost been too easy for bulls. But then again, we have seen the "V-shaped rally" phenomenon play out time and time again over a period of years. So, it is tough to really call it a surprise at this point. Heading into a three-day weekend, with U.S. markets closed Monday for President's Day, I am looking to...
16Feb9:56 amEST
Married to the Glob
The likes of Globant, a Buenos Aires-based IT firm breaking to new all-time highs this morning after earnings, may very well be flying under-the-radar compared to some of the more alluring plays like crypto. But that is fine by me, as I would rather stalk plays like GLOB which are breaking out to little fanfare, rather than hot money trades...
15Feb3:45 pmEST
Stock Market Recap 02/15/18 {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...
15Feb3:42 pmEST
Time for SHAK to Win Its First Championship
If Shake Shack earnings tonight after the bell follow the recent pattern of the likes of BB TWLO TWTR SNAP, among others, we may very well see the trendy burger chain with tons of growth ahead of it finally start to turn heads as its stock turns the corner. SHAK has actually been improving technically for a while now, not unlike TWTR was too...
15Feb1:14 pmEST
Which Market is Your Way, Frank?
After a fairly obvious fade at the same area we saw swift rejection last week--The 50-day simple moving average on the S&P 500 Index--stocks are regrouping rather well as I write this. While the Nasdaq is outpacing the other major averages today, I still have an eye on the small caps in the IWM for clues. After all, the IWM was the key to...
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“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.
