MarketChess
Showing articles 5351 - 5360 (6611 total)
01Sep3:06 pmEST
Don't Be a Meatball While This Arch Builds Its Bunker
Like clockwork, surviving (for now) coal name ACI saw some sellers finally come in after a strong rally at its declining 200-day moving average, the yellow line on the daily chart, updated below. Arch Coal has seen a potent "lockout rally" off its penny-stock lows, avoiding the bankruptcy fate that a few of its peers have suffered, instead...
01Sep12:08 pmEST
Crude, Where's My Higher Low?
Despite USO, the crude oil ETF, being down more than 6% today at various junctures, on the daily timeframe USO is still printing an "inside day," meaning today's price range is within the confines of yesterday's and not inherently bearish. We know crude had achieved an initial upside target which we observed last week and yesterday, as it...
01Sep10:28 amEST
So Easy, Even a Non-HFT (Human) Can Do It
To gain a "forest for the trees" perspective on the current market setup, consider the monthly chart of the Dow Jones Industrial Average, below. The very rudimentary, so-easy-even-a-non-HFT-can-do-it support trendline (light blue) dates back to the March 2009 bear market bottom, when the Dow was printing below 6,500. In August, the Dow...
31Aug5:10 pmEST
Stock Market Recap 08/31/15 {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...
31Aug2:55 pmEST
Black Gold Rally in Spades Aligning Smartly
Into this rally in crude oil today, which smacks of a contention of a painful short squeeze to punish latecomer and cocky shorts, the updated USO ETF daily chart, below, sees price up to a confluence of significant technical levels. USO is now short-term overbought, at the upper Bollinger Band, which basically runs into the declining 50-day...
31Aug12:24 pmEST
Coming to a Point
With crude oil and energy stocks reversing back up, bulls are pointing there as well as to the small cap outperformance this morning as reasons the market can sustain another move higher. On the 30-minute chart of the IWM, ETF of the small caps int he Russell 2000 Index, below, note that price has reached the apex or likely tipping point of the...
31Aug10:33 amEST
Signs of Life from a Deserted Area of Wall Street
The price action in coal miners ACI and BTU has been something to behold in recent sessions. Amid bankruptcies in the coal sector, Arch and Peabody have displayed clear signs of potentially emerging as the survivors with increased market share. The rally in ACI, in particular, has the hallmarks of being a "lockout rally," a concept we have...
30Aug2:19 pmEST
Weekend Overview and Analysis 08/30/15 {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...
30Aug11:07 amEST
Broad Market Concepts {Video}
I posted the following video for Members of Market Chess Subscription Services last Saturday, August 22nd, as a "prologue" to usual full-length Weekend Video Strategy Sessions. I hope you find the concepts discussed useful. I will update this analysis later today.
29Aug12:08 pmEST
Saturday Night at Market Chess Cinemas
Tonight we will look at one of the more overlooked films by the great writer/director brother duo, Joel and Ethan Coen. While it was literally impossible to top their No Country for Old Men (2007) perfection, the Coen brothers did an excellent job of shifting gears with the midwestern character study, A Serious Man ( 2009). I think it...
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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.
