MarketChess
Showing articles 4321 - 4330 (6610 total)
23Aug3:36 pmEST
A Sneaky Mode of Attack
After lulling, shaking, grinding, even punishing longs since July 4th, natural gas is quietly waking up this week. Surviving the weekly inventory report on Thursday morning is likely to be the big test, but it sure is sneaky to see natty rallying sharply after last Friday's apparent breakdown from its recent consolidation. Instead of breaking...
23Aug1:06 pmEST
A Whiff of Musk This Afternoon
Earlier today, Elon Musk tweeted that Tesla would make a product announcement at noon California time today, or 3pm EST. This comes as MBLY, which had previously severed ties with TSLA, announced a partnership with Delphi Automotive (DLPH) regarding self-driving cars. So, it will be interesting to see if Musk can, in effect, "re-raise" the...
23Aug10:52 amEST
The Geek Squad is All Over This Trendline
Dating back ten years now, Best Buy has struggled at the very well-defined resistance trendline highlighted below on the monthly chart. You can see how many touches, or "reactions," the stock has made with it, rendering it rather important and worthy of attention, especially this morning after the stock rallied on better-than-expected...
22Aug3:43 pmEST
Stock Market Recap 08/22/16 {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...
22Aug3:40 pmEST
The Last Good Low in Summer
It is a quiet start to the week in what has been a fairly quiet past few weeks on the major averages. However, Twitter's stock is back down to its 200-day simple moving average, a reference point which is still declining. We have been profiling TWTR's baby steps of progress since holding $14 in the winter and then late-spring months this...
22Aug1:21 pmEST
Light and Sweet, Buddy
Lost in the shuffle of some whippy action this morning in equities is strength in sugar and coffee. Sugar has been a leader among soft commodities for a while now, likely bottoming from a vicious bear market since last summer. Since then, we have updated the commodity periodically. Currently, looking at the SGG ETN daily chart, below, sugar...
22Aug10:25 amEST
218 is Gonna Raise a Fuss, Gonna Raise a Holler
It may feel like the summertime blues out there, given the slow action on the market indices for a few weeks now. However, a round of M&A to kick off the week may spice things up below the surface, MDVN in biotechs and ISIL with semis. Indeed, the large cap biotechs like BIIB are green here, with Biogen trying to crack $320, just above. We...
21Aug2:33 pmEST
Weekend Overview and Analysis 08/21/16 {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...
20Aug11:18 pmEST
Saturday Night at Market Chess Cinemas
Given the incredible popularity and success of Usain Bolt during the Olympics, as well the Jamaican sprinters in general during the relays, it would be a shame to overlook an entertaining film about the Jamaican bobsled team during the winter olympics. Cool Runnings (1993) stars some of my favorite actors, including Leon and Malik Yoba, as...
19Aug1:22 pmEST
Dog Days of Summer: We All Have it Coming, Kid
The plot for the great Clint Eastwood film, Unforgiven (1992), is set in the fictional town of Big Whisky, Wyoming, which makes me think of next week's Jackson Hole Symposium in the same state. With events kicking off on Thursday, and Janet Yellen speaking there for the first time in two years, the market may very well stay in a holding...
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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.
