MarketChess
Showing articles 2271 - 2280 (6602 total)
06Mar11:10 amEST
When All Else Fails, We Go Gambling in Macau
On the back of some gaming numbers out of Macau which showed revenue rebounding slightly in February, two of the more intimately-related Macau gambling plays are faring rather well this morning. Both LVS and especially MLCO (a pure play on Macau as opposed to Las Vegas Sands) are notably green in a weak overall tape. Of the two, MLCO is the...
05Mar5:26 pmEST
Stock Market Recap 03/05/19 {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...
05Mar3:35 pmEST
There's a Lot Going on Here
Much like in the painting above, there is an awful lot going on in this market right now. Specifically, the rise in speculative fervor for particularly high beta, riskier parts of the market like pot stocks, China internet names, and those infamous blockchain/crypto plays back in focus for hot money traders. To be sure, it remains to be seen...
05Mar10:37 amEST
Flat as We Head Towards Pancake Day
In light of yesterday morning's aggressive downside reversal in tech and biotech, combined with CRM's milquetoast reaction to earnings, I flattened out and am still of the view that many key growth stocks consolidate in the near-term. (Incidentally, and speaking of "flat," National Pancake Day is held annually on the second Tuesday in March,...
04Mar5:16 pmEST
Stock Market Recap 03/04/19 {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...
04Mar11:21 amEST
Sticking to Discipline
Despite green futures overnight and more M&A with biotech NITE being bought at a nice premium by BIIB this morning, the glaring weakness in the enterprise software (IGV) and cybersecurity (HACK) sector ETFs compels me to part ways with two longs I would prefer to hold, NEWR and SCWX. Although it may be just a morning shakeout, I am respecting...
03Mar12:31 pmEST
Sunday Matinée at Market Chess Cinemas
Currently available on Amazon Prime, I am going to re-recommend a gripping thriller which seems to have been forgotten about over time: Marathon Man (1976), starring the impressive acting trio of Dustin Hoffman, Laurence Olivier, and Roy Scheider. Written by the late, great William Goldman, and directed by John Schlesinger, the film hooks...
01Mar11:10 amEST
Patience Paying Off
The indices are still green but well off their opening high as I write this, forcing us to consider, yet again, just how priced in the "good news" is for the near-term. If we suffer a deep red close today, headed into the weekend of a new month, that would perhaps be more of a blinking red light than any of the previously mild fades we have...
28Feb3:27 pmEST
Sending Everything Through the Proper Channels
Seven-to-ten years ago I probably would have attached a rather provocative photo of a sexy woman with a blog post regarding Lululemon's stock and chart. And while I still, ahem, have the joie de vivre regarding beautiful women, growing older has meant learning to channel energy properly, more than anything else. On that note, as we work our...
28Feb11:05 amEST
Don't Get High on Your Own Overhead Supply
One of the more interesting aspects about the two-month rally which commenced on Christmas is how universal the opinion seems to be from market players and pundits alike that the current tape is rather extended as the major indices are seemingly bumping their respective heads against prior, tough resistance from late-2018. On the surface, that...