MarketChess
Showing articles 3581 - 3590 (6605 total)
31May1:33 pmEST
Context for a Rainy Day
Although there are certainly some relative strength standouts, today's session thus far has the look and feel of a rainy day for stocks, where bulls are simply looking to avoid getting drenched and want to the weather to clear up sooner than later. On the SPY (ETF for the S&P 500 Index) 10-minute chart, below, note yesterday morning's support...
31May10:56 amEST
Replenishing After a Busy First Hour
An abrupt rug-pull off a green open this morning sees most stocks in the red now. The problem spots in the market, namely the small caps, financials, energy stocks, and biotechs, continue to struggle and are likely serving as at least an excuse for Nasdaq bulls to lock in some end-of-month gains on the final day of May in the likes of AMZN...
30May3:55 pmEST
Stock Market Recap 05/30/17 {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...
30May3:53 pmEST
Drugs Need to Find Their Happy Place
Ah, the 200-day simple moving average. This marks the last good stand for biotech bulls, in all likelihood, as price threatens to soundly break down after failing to hold over the $300 level for long-term breakout in the iBB (ETF for large cap bios). I suspect how this 200-day (yellow line on daily chart, below) test plays out should set the...
30May1:43 pmEST
Chicken Out, Burgers In
Underneath the market's surface of a soft, post-holiday hangover session today have some interesting themes shaping up. Tech, especially monsters like MU and TSLA, continues to mask the weakness in small caps, financials, energy, and even biotech. Bears are looking for the big breakdown, but the slow pace of the action suggests they need to do...
30May10:38 amEST
Last Chance to Extinguish
Given the ESV For ATW buyout this morning, one would think the energy complex would at least muster some type of bounce. While natural gas certainly has an excuse, what with the unseasonably cool weather for Memorial Day Weekend slamming UNG lower this morning, when we see the OIL XLE XOP ETFs for energy stocks all red and all probing...
29May12:08 pmEST
Weekend Overview and Analysis 05/29/17 {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...
28May12:26 pmEST
Sunday Matinée at Market Chess Cinemas
On this Memorial Day Weekend, we honor those who died in war while serving in the U.S. military. The holiday traces back to the Civil War, in 1864, when it was called Decoration Day. It did not become an official federal holiday until 1971. With this in mind, it is appropriate to recommend two intertwined miniseries, both of which were...
26May3:49 pmEST
Time to Recharge
The stock market does not give you many days off. But we have one on Monday in observance of Memorial Day, which of course differs from Veterans Day in November as the former is a holiday set aside to pay tribute to those who died serving in the military (Veterans Day honors all who have served in the military). On that note, you can...
26May11:06 amEST
Money, Those Calls Are Gonna Be Up Five Hundy By Midnight
With a relatively cloudy and rainy Memorial Day Weekend on tap in the northeast, one can envision a scenario where the casino resort stocks get a nice boost. The major casino stocks, LVS MGM WYNN, have been rather quietly building out narrow price consolidations on their daily charts over the last month or so. However, into a mixed tape this...
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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.
