MarketChess
Showing articles 731 - 740 (6599 total)
12Jul9:55 amEST
Suddenly a Hitter's BallPark for a Defensive Play
With a modest PE ratio, solid dividend, iconic assortment of brands, and now one of the best technical setups in the XLP ETF (consumer staples stocks) if not the entire market (daily chart, below), The Molson Coors Beverage Company (TAP) is an intriguing name with earnings not until the end of the month. You can see price threatening an upside...
11Jul10:44 amEST
On the Straight and Narrow
One thing is for sure: This market has done an excellent job of keeping virtually all speculators on the straight and narrow and pretty much the opposite of brimming with the sort of cockiness we saw off the pandemic lows. No, gone are the days of constant rocket ship emoji and incessant talk about various crypto coins and growth stocks mooning...
10Jul10:46 amEST
Weekend Overview and Analysis 07/10/22 {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...
08Jul11:03 amEST
The Next Play May Be an Absurd Gambit
This morning's upside reversal seems to have caught bears a bit more shell-shocked than some of the recent rallies we have seen. For starters, we had a barrage of bad news overnight, be it the Abe assassination (raising global tensions), TWTR GME UPST all shellacked, and then the strong jobs report this morning sending rates higher. If bears...
07Jul10:52 amEST
The Most Overlooked Headline of the Summer
Just yesterday, the European Parliament backed EU rules labeling investments in gas and nuclear power plants as climate-friendly. In other words, nuclear is becoming less stigmatized as the energy crisis in Europe reaches full throttle. In my view, this makes for one of the most overlooked headlines in a summer chock full of them. For the...
06Jul10:12 amEST
Working with a Thin Margin of Error
Biotechs are still mostly working into a mixed tape this morning, as the market likely awaits the Fed Minutes at 2pm EST to gain insight into The Fed's thinking about looming rate hikes and the pace of them. ARQT and IONS, respectively below on their updated daily timeframes, are two high quality charts we have been tracking closely with...
05Jul3:45 pmEST
Got My Toes in the Water, Corny Country Music in the Sand
Although I cannot claim Zac Brown Band is my type of country music (check out Colt Ford [below] or Danny Boone instead), I do indeed also have some toes in the water now just like one of their top songs. With the rally in growth stocks holding deep into the afternoon, it appears that the crush in oil may be enough until the middle of the month...
05Jul10:52 amEST
Lots of Horsemen Out There
Despite a sizable thrust down on the indices at the open we now have a situation with glaring relative strength for those paying attention, as we strive to do with Members consistently through all types of markets. Thus, although this market is far from what I would describe as healthy and thriving all the way around for bulls, seeing the...
03Jul1:24 pmEST
The Panic of 1907
The Panic of 1907 was a six-week stretch of runs on banks in New York City and other American cities in October and early November of 1907. It was triggered by a failed speculation that caused the bankruptcy of two brokerage firms. But the shock that set in motion the events to create the Panic was the earthquake in San Francisco in 1906. The...
02Jul12:55 pmEST
Van Tharp on Position Sizing
via YouTube: Size really does matter in the markets! Position Sizing (a term coined by trading coach Van Tharp), tells you how much to risk on any particular trade. It is one of the most important concepts that any trader should know. Van Tharp has also written The Definitive to Position Sizing Strategies, a desk reference for serious traders.
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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.
