MarketChess
Showing articles 5621 - 5630 (6612 total)
08Jun2:58 pmEST
The Worldwide Range
With the WWDC today, Apple was weak early on but found some intraday buyers at the lower support trendline, seen on the daily chart. I still view $130.57, just above, as being a critical level for buyers to hold over. So, for now, Apple remains rangebound and avoided a breakdown attempt today. In other markets, note the strength in natural...
08Jun12:27 pmEST
Making Sense of the Chaos
TASR seems to be the obvious play here, with headlines popping up again for this news-driven stock. The daily chart, below, shows an orderly consolidation within the context of an uptrend, after the stock's prior rally. In addition, TASR is a much better technical long setup than DGLY, another news-driven stock which has noticeably slipped in...
08Jun10:13 amEST
Sweet and Salty
At the moment, Tesla is breaking higher above $250 while Google is threatening to breakdown, seen on their respective daily charts, below. Both TSLA GOOGL are marquee brand names in the market, driving home the point that this market remain narrow in terms of momentum. Simply put, this is a case-by-case tape and has been for a while now. ...
07Jun2:18 pmEST
Weekend Overview and Analysis 06/07/15
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...
07Jun11:00 amEST
Preview of Apple's World Wide Developers Conference
AAPL's stock is rangebound and near recent highs as the firm's annual Worldwide Developers Conference (WWDC) kicks off on Monday. Courtesy of The Sunday Times , here is a look at some of what we can expect, beyond software updates for Apple's main products. - The next desktop operating system: OS X 10.11 The new OS X 10.11 is expected to...
06Jun8:18 pmEST
Saturday Night at Market Chess Cinemas
On this anniversary of D-Day, Saving Private Ryan (1998) merits another viewing, if only for its depiction of Omaha Beach landings, in what the estimable historian Stephen Ambrose described as a frighteningly accurate. In addition, the film is based on this true story of the four Niland brothers. Saving Private Ryan , of course was...
06Jun11:42 amEST
D-Day By the Numbers
Today is June 6th, marking the 71st anniversary of the Allied D-Day invasion of Normandy. The world's largest amphibious assault enabled the Allies to gain a foothold in France and on the European continent, which led to the eventual victory in 1945 after bloody battles inland and a harsh winter. Below is an interesting infographic depcting...
05Jun4:15 pmEST
Stock Market Recap 06/05/15 {Video}
If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!
05Jun3:02 pmEST
Update on Crude Oil
Keying off the USO ETF as a proxy for crude oil, note the daily chart, below, sporting a sharp upside reversal this afternoon right where bulls needed it. Specifically, that $19 area represents a potential "right shoulder" of a massive inverse head and shoulders bottoming formation dating back to the swoon in crude at the end of 2014. For a...
05Jun12:26 pmEST
Not Such an Easy Company of Stocks
The updated hourly chart of the IWM, ETF for the small caps in the Russell 200 Index, below, illustrates the head-fakes higher and lower this week. Note the lower highs, but higher lows (light blue lines), reinforcing the notion of a choppy market which has yet to declare itself directionally. I still view $125 as being the first level for...
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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.
