MarketChess
Showing articles 5531 - 5540 (6612 total)
07Jul3:25 pmEST
Now They Need Confirmation
An abundance of upside reversals across many sectors, including beaten-down and oversold energy names, gave rise to a spirited rally this afternoon. Of course, all of the reversal "candlesticks" needs upside confirmation in order to amount to anything of substance, namely in names like CHK which have been in steep downtrend and are only now...
07Jul12:22 pmEST
Optical Illusions Taking Shape
Crude is reversing higher a bit here, from short-term very oversold conditions. The issue is whether it is worth the trouble to consider trading crude from the long side. And when we observe the updated USO daily chart, a retail proxy for crude as it is the ETF, we can see a potential "hammer" reversal candlestick being printed today. Of...
07Jul10:14 amEST
It Just Ain't So
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." -Mark Twain One concept which we have been discussing frequently inside Market Chess Subscription Services has been to not assume support. Oftentimes in a bull market, it becomes commonplace to aggressively buy "support" and assume an...
06Jul4:58 pmEST
Stock Market Recap 07/06/15 {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...
06Jul3:01 pmEST
Dawn of a New Day for Commodities
Although there may very well be a strong temptation to catch the proverbial "falling knife" here in crude oil's waterfall decline, it is worth noting that when multi-month consolidations in the context of bear markets (defined by declining longer-term daily chart moving averages) resolve lower, it can lead to an abrupt and violent decline to...
06Jul12:27 pmEST
A New Look for Q
Dip-buyers turned what could have been an ugly open, based on the initial move down in the futures last evening for U.S. equities, into what feels like a run-of-the-mill dip-buying frenzy. And, yet, when we observe the updated 30-minute chart of the QQQ, ETF for the Nasdaq-100, we can see a lack of a "V-shape" rally, which we have seen so many...
06Jul10:08 amEST
Played Right Into the Bear's Mouth
If you have been following my work and agreed with my thinking, then you know the risk int he energy complex continued to be lower, what with a vast array of declining 200-day moving averages not just in crude oil itself (ETF daily chart, below), but with major energy stocks. Simply put, a declining 200-day moving average, especially well above...
05Jul5:25 pmEST
Weekend Overview and Analysis 07/05/15
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...
04Jul12:18 pmEST
John Adams: Liberty Will Reign
Not only is the following clip worth playing at least once a year, especially on the Fourth of July, but the show on which it was featured, the HBO mini-series John Adams (2008), is well worth a viewing or a repeat (or three-peat, etc.). John Adams (2008) stars Paul Giamatti, Laura Linney, Stephen Dillane, among other talented character...
03Jul5:47 pmEST
A Rising Star in the Coffee Game
Although they are not publicly-traded and I do not have any business affiliation with them at all, I would be remiss not to note that Rook Coffee Roasters is a rising star in the coffee shop world. Rook Coffee currently has several locations along New Jersey's "Shore Points," near the beach in central Jersey. What makes their business...
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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.
