MarketChess
Showing articles 5661 - 5670 (6611 total)
27May2:17 pmEST
Artistic Flair Into Summer
To update an idea we have been looking at for a while now, note the chart of the under-watched tech firm, Globant. On the daily timeframe, below, we can see a fairly textbook and almost artistic "cup and handle" setup developing, with a move over $26.30 likely setting in motion a breakout higher from the pattern, potentially targeting a move...
27May11:54 amEST
Changing Consumer Tastes
While the hamburger wars have been heating of late, given the strength in SHAK and resurgence in MCD, while HABT JACK RRGB duke it out as well, many causal dining plays have been seeing some notable weakness. Even stalwarts such as BWLD CMG have been glaringly weak, as we could easily be seeing a shift in eating trends. But beyond the...
27May10:08 amEST
Tales of Underwater Retail
While Michael Kors is gapping down hard after disappointing earnings, perpetuating that stock's established downtrend, Tiffany is gapping higher. On the updated weekly chart, below, however, failure by buyers to reclaim $100 may very well lead to a larger topping pattern in light of the stock's multi-year bull run. For a while now, many retail...
26May4:50 pmEST
Stock Market Recap 05/26/15 {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...
26May2:36 pmEST
Raising with Air
In poker, the phrase "raising with air," means to raise an opponent when you are holding a hand of basically no value--The quintessential bluff, or setup for a bluff later on, if you will. The weak action in the transports of late continues to be cavalierly dismissed by many a market player, trivializing the significance of rails and airlines...
26May11:55 amEST
The Sting of a Real Pattern
Going back to last Friday on the private Twitter feed for Market Chess Subscription Service members we observed a rising wedge pattern forming on the 30-minute chart of the QQQ, ETF for the Nasdaq-100. The rising wedge can be deemed a bearish pattern, as it indicates buyers slowly losing control over the price action as the market grinds...
26May9:55 amEST
They Ain't Pretty No More
While the likes of SCTY and SUNE may still be in play as potential long setups in the solar sector, the reality is that most solars continue to fizzle out just when they need to get going to the upside. The action in YGE in recent quarters is still a fair warning about just how risky playing the solars can truly be, with Yingli cratering from...
25May6:59 pmEST
Two Hidden Gems on Memorial Day
Inside Market Chess Subscription Services , we have had members on AVID and GLOB for a while. Both issues can be considered under-the-radar, quality long ideas, or hidden gems, if you will. Going forward, if the market cooperates with breakout plays then both AVID GLOB are worth of a place on your watch lists, seen on their respective daily...
24May1:57 pmEST
Weekend Overview and Analysis 05/24/15 {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...
24May11:22 amEST
Big Summer for Big Blue
IBM, being the second most heavily-weighted Dow component and Nifty Fifty relic, is still relevant through no fault of its own. On the updated monthly chart, below, "Big Blue" may finally be ripe to make its next big move after a steep breakdown to conclude 2014 and confirm a major topping patter, followed by a multi-month grind higher to the...
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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.
