MarketChess
Showing articles 3771 - 3780 (6605 total)
20Mar10:35 amEST
Man the Fortinet in This Battle
In lieu of the gap up in downtrodden cybersecurity play, FireEye, this morning, some of the better technical plays in the HACK ETF are worthy of a look. Specifically, we should consider manning the Fortinet, as we can see the daily chart, below, sporting improved technicals in 2017. After an early-February gap higher, note how tightly the...
18Mar5:48 pmEST
Weekend Overview and Analysis 03/19/17 {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 markets. Please click here for more...
18Mar5:41 pmEST
Saturday Night at Market Chess Cinemas
Not only is Bowfinger (1999) a vastly underrated comedy, the film was also prophetic in terms of the coming reality television boom and the whole genre of reality TV and general fake reality depicted on the big screen, too, after the turn of the century. Then again, we should expect as much from Steve Martin, who wrote the script and stars...
17Mar3:29 pmEST
Bulls Can Die Another Day in This Industry
As we discussed with Members in a video earlier today, as volatile as biotech has been (see the AMGN ESPR sharp selling) it may be a bit more prudent to focus on some of the better performers in the healthcare arena, not tethered to drugs and clinical trials, per se. The diagnostics/research segment in healthcare has quietly been a strong...
17Mar9:11 amEST
Sketch a Good Setup for Skechers
Skechers, a lifestyle footwear firm, always seems to get lost in the shuffle among the FL NKE UAA of the world in the retail space, as traders usually do not create too much buzz about the name. However, one of our Members noted the improved action here yesterday. And when we observe the daily chart, below, it is clear that this is a...
16Mar1:35 pmEST
A Quick Run in the Snow
A post-Fed hangover combined with the NCAA basketball tournament tipping off is likely adding to the pedestrian action into the early-afternoon. Thus far, bulls are putting up a fight around the $238 area on the SPY, ETF for the S&P 500 Index, which roughly equates to 2380 on the S&P cash. I am trying not to over-trade or overanalyze this type...
16Mar10:43 amEST
A Hangover, Not So Black and White
After an opening move higher, stocks are a bit hungover from yesterday's eventful rally. Even the gold miner ETFs, GDX and GDXJ, are finding some initial (and probably expected) overhead supply or resistance at their respective 50-day simple moving averages. Indeed, some backing and filling or consolidation seems perfectly reasonable after the...
15Mar3:55 pmEST
Stock Market Recap 03/15/17 {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...
15Mar3:54 pmEST
Let's See if There's Legs Into March Madness
The metals and miners, precious and otherwise, are some of the big winners off the Fed rate hike today. Equities, as a whole, are performing rather well, too, despite a mild "sell the news" reaction from the banks. As we noted last Friday, gold miners were at a critical juncture technically, transcending the short-term machinations of The Fed...
15Mar1:38 pmEST
Pre-Race Festivities
In front of the FOMC decision at the bottom of the hour, followed by a Yellen presser, stocks are off session highs but still green. In good Jack Dorsey/bad Jack Dorsey dynamic is on full display, with SQ sporting a bullish chart, coiled as a long setup, while TWTR is unable to hold any bounces and looks ripe to break into single digits 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.
