MarketChess
Showing articles 1031 - 1040 (6600 total)
09Nov11:23 amEST
Tesla Snapped Off: Now We Watch Chips
The sharp plunge lower in TSLA this morning ought to be viewed as a shot across the bow of sorts, reminding us that the fun, jubilant gamma squeezes on the way up may make the market appear as a cute little piggy bank dispensing life-changing money at will. But on the downside, those moves become all the more intense and initiates many a...
08Nov3:14 pmEST
It's Pretty, It's So Pretty
Tons of materials miners, precious and otherwise, are setting up nicely from a technical standpoint and also represent genuine value in terms of their exceedingly low PE ratios and attractive cash flows. However, because of the nature of the current market melt-up, it is understandable that most speculators continue to favor insanely valued...
08Nov10:35 amEST
Hey, Henry: Here's a Wing!
Several weeks back, we were fortunate to sell a BTU long into the enormous green candle seen on the coal firm's updated daily chart, below. Since then, the stock suffered a sickening dive, reminding us all that even if we are in the early stages of a new commodity bull run, volatility in this asset class is unique and violent compared to what...
07Nov9:19 amEST
Weekend Overview and Analysis 11/07/21 {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...
05Nov11:20 amEST
Battlefield Adjustments
I just sent out a video to VIP Members (where we focus on long-term investing ideas) notifying them that I decided to sell entirely out of my Pfizer long into the latest news of their drug. Just as with my TWTR sale in the long-term portfolio late into this most recent summer, selling PFE here may feel like I am too early (and it may very well...
04Nov10:42 amEST
The Most Heinous Sounding Pair Trade in the World Right Now
it is almost criminal to consider shorting the Nasdaq at this point, what with its one-way melt-up and daily buy program frenzy which seems to run into any initial opening bell weakness we see. And with that, QQQ (second daily chart, below) is up by more than 1% again as I write this, with NVDA surging this time and TSLA featuring a modest gap...
03Nov4:32 pmEST
Stock Market Recap 11/03/21 {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...
03Nov12:19 pmEST
Burning Time Until the FOMC
The massive pop--and now drop--in shares of meme stock favorite GME (daily chart, below) so far today seems like a sign that market players are merely occupying their time until the FOMC later today. It is widely expected, by now, that Fed Chair Jay Powell will actually go through with a tapering of asset purchases on a monthly basis. But what...
02Nov3:54 pmEST
Lying in Wait
Biotech and small caps at-large in the Russell 2000 Index do indeed seem ripe to take the leadership baton into year-end. And many market players and pundits not only agree with that statement but are seemingly lying in wait, eager for a post-FOMC opportunity to strike those stocks hard on the long side to ride them into the holidays and...
02Nov11:07 amEST
The Decadent Age of Outliers
As my friend Jonathan Krinsky just pointed out on Twitter (@jkrinskypga), TPOR, the triple-levered long transportation bull is up over 40% here, which is all the more wild considering CAR (Avis rental car) was just a 1.13% weighting in IYT transportation ETF before it was halted on its spike higher today. Thus, what we have here is a bonafide...
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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.
