MarketChess
Showing articles 6251 - 6260 (6613 total)
26Jan12:31 pmEST
A High Noon Look at the Market
The market is slowing down a bit today, as we could easily see a pause in front of the FOMC Announcement later this week. On the 30-minute chart for the SPY, ETF of the S&P 500 Index, note the support trendline (light blue) is still broken from Friday, which has me still in my SDS long as a way of shorting the S&P. Until that is recaptured I...
26Jan11:28 amEST
A Good Place to Look for Pyramids
That 20-day simple moving average (orange line, below) on the following GDXJ daily chart is a logical place to look to see if aggressive bulls will "pyramid" into their positions, or add into them. The GDXJ is the ETF for the junior gold miners, which are typically an excellent gauge of risk appetite in the precious metals and miners complex,...
26Jan10:25 amEST
Reading the Morning Tape
The market fought back from its losses in the futures last night. But, as I write this, we are in the red as far as the major indices are concerned. However, beyond my SDS long (meaning I am long the ultra-short S&P 500 Index ETF), it remains a tough environment for macro bears unless and until biotechnology stocks give up the ghost. On the...
25Jan1:42 pmEST
Weekend Video Strategy Session 01/25/15 {Video}
The following video contains coverage of the broad market, as well as tons of actionable trading ideas for equities and other markets regarding the coming week of 01/26/15-01/30/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
25Jan11:06 amEST
Stuck in a Krispy Kreme Sandwich
The weekly chart for Krispy Kreme may very well sum up the current state of the market You can see the prior, strong if not steep multi-year bull run, followed by a pullback and recent consolidation. Bulls will argue the chart looks ripe to spring much higher from a coiled base, while bears contend the stock has already topped out and is simply...
24Jan2:50 pmEST
Saturday Night at Market Chess Cinemas
An excellent World War II/Holocaust film that does not get nearly the credit it deserves is the Louis Malle-directed French masterpiece, Au Revoir Les Enfants (1987). This gritty and gripping film follows a French boarding school run by priests that seems to be isolated from WWII. That all changes when a secret emerges that one of the boys is...
24Jan11:01 amEST
The Late, Great Chip Reese on Gambling Concepts
The following is a video of something I have posted before–An interview with the late-poker legend Chip Reese. Over the years in my blog posts, I have made numerous analogies of stock trading to playing poker, which I believe to be the form of gambling most like the stock market. The late Chip Reese is widely considered to be the best cash game...
23Jan2:49 pmEST
Mulling the REIT Trade
The REITs seem to have an aura of invincibility these days, leading most other sectors by a long shot to begin 2015. Nonetheless, on the first weekly chart, below, of the sector ETF, we can see that commercial real estate stocks have arrived directly back to resistance from various parts of 2007. I expect this to be a difficult level to...
23Jan1:27 pmEST
Lining Up the Next Shot
After a few big wins to kick off 2015 in the precious metals and miners' complex, I am back to flat and have been for a few days now as the space consolidates. In terms of another potential round of trades on the long side, I have my eye on the junior gold miners, seen on the GDXJ ETF's hourly chart, below. Note the well-defined support...
23Jan12:15 pmEST
Biodegradable Burgers
After a brilliant bull run for roughly a decade, McDonalds is looking more and more like a major top by the day. Along the lines of my analysis of IBM, and even AXP, I view MCD as another iconic, stodgy brand flirting dangerously with maturity. On the monthly chart, below, you can see MCD's long bull run followed by the last few years of being...
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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.
