MarketChess
Showing articles 3861 - 3870 (6610 total)
14Feb3:33 pmEST
Angie's List for Valentine's Day?
ANGI has earnings tomorrow morning before the bell, which of course is a viable risk to any open positions in the name. However, it is worth noting as an educational example that the daily chart is printing a reversal candle today after a prior, steep downtrend. ANGI has been a perennial laggard since its 2013 peal. But it will be interesting...
14Feb1:38 pmEST
A Depth Perception Test
One of these days we will not see dip-buyers step in with their usual confidence whenever the market sees a fairly obvious "sell the news" event. This morning, for example, Janet Yellen's hawkish testimony before Congress initially brought many stocks down, before bulls waltzed into the dance sticking out their chests and with smug grins on...
14Feb10:51 amEST
Tail Risk for Talons
A rather hawkish-sounded Janet Yellen this morning, in her testimony before Congress, is helping to keep a lid on the market's upside momentum. Technology stocks, namely the "FANG" leaders like FB AMZN GOOGL NFLX, are all red and giving slight gains of recent days back. TSLA is still green after a ferocious squeeze the last few weeks, but...
13Feb3:53 pmEST
Stock Market Recap 02/13/17 {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...
13Feb3:52 pmEST
Fast Food Wars Heating Up Into the Bell
In terms of M&A, an overlooked area may very well be the fast food space. Within the last hour, PLKI (Popeyes Chicken) spiked on rumors of an imminent Burger King (QSR) bid. QSR actually spiked on the news, too, which backs up their strong earnings as being a well-run ship these days. As a result, we will look at some other ideas in the fast...
13Feb1:31 pmEST
Leggo My Ego for The LEGO Batman Movie
Although I probably will not be viewing The LEGO Batman Movie (2017) anytime soon, where surely Harry Cohn and other legends of Hollywood yesteryear are rolling over in their graves, the reality is that the film won the box office this weekend. The film also did well over $1 million alone in IMAX, which brings us to an actionable trade...
13Feb10:46 amEST
Have Your Cake and Eat it Too
Momentum is picking up this morning, with materials miners, banks, and select tech outperforming, among other groups. Speaking of momentum, up or down, while Jack Dorsey has been getting hammered due to TWTR's brutal swoon, he is also CEO of Square, which is performing quite admirably in front of February 22nd earnings. On the SQ daily chart,...
11Feb11:44 amEST
Weekend Overview and Analysis 02/12/17 {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...
11Feb11:33 amEST
Saturday Night at Market Chess Cinemas
The Last King of Scotland (2006) is a fantastic and intense depiction of real-life and brutal Ugandan dictator, Idi Amin’s regime as seen by his personal physician during the 1970s. Without question, Forest Whitaker is one of my favorite all-time actors, and this film serves as his seminal work with memorable presence he creates for the...
10Feb1:11 pmEST
Gold Miners: Hold!
Much like the famous "Hold!" scene from Braveheart (1995), above, the junior gold miners housed in the GDXJ are attempting to stand their ground in the heat of battle at the ETF's 200-day simple moving average. On the GDXJ daily chart, below, note the juniors reversing up nicely today after what could have been some ugly follow-through lower...
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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.
