MarketChess
Showing articles 2161 - 2170 (6611 total)
03Jun2:46 pmEST
Follow the (Right) Leaders
Working our way through another shaky final hour here, the glaring weakness in tech (due to FANG and software selling more than offsetting the CY buyout-led bounce in chips) stands in stark contrast to the small caps fighting to hold green. It is hard to put too much faith in small caps, though, unless QQQ can stage some type of meaningful...
03Jun10:36 amEST
Make the Best of Leaning Leaders
We have some indisputably ugly price action in the "FANG" stocks this morning, led by GOOGL's pummeling as the U.S. Department of Justice is reportedly preparing an investigation into Alphabet’s Google for antitrust violations. In addition, AMZN FB NFLX are all getting whacked and serving as easy sources of liquidity for larger mangers who wish...
02Jun11:56 amEST
Weekend Overview and Analysis 06/02/19 {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...
01Jun10:53 pmEST
Saturday Night at Market Chess Cinemas
Currently available for full viewing on Amazon Prime, the overlooked but top shelf American crime/drama series that aired on CBS from 1987 to 1990, Wiseguy , is well worth your time. The show stars Ken Wahl as an undercover operative for the FBI under the supervision of senior agent, played by a young(er) Jonathan Banks. Although the...
31May3:21 pmEST
Reaching the End of the Line
Although it is easy for bulls to cherry-pick the likes of OKTA TWLO or PLAN, the latter seen below on its updated daily chart (kudos to a few of our Members for calling those two out) as being clear evidence of quite a few growth stocks ignoring the stubborn market weakness, the reality is that one of these day bulls must aggressively wrestle...
30May11:15 amEST
No Room for Chickens
Simply put, the small cap stocks housed in the IWM ETF (for the Russell 2000 Index) must attract buyers into each of these intraday dips. As I write this, the IWM is dipping off its morning highs, with no room for chickens in the bull camp if this broad market bounce is to have legs into June. Indeed, despite oversold conditions, elevated...
29May4:38 pmEST
Stock Market Recap 05/29/19 {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...
29May10:46 amEST
Your Presence is Required
Now is as good of a time as any for buyers to show up and do their thing regarding the lowly semiconductors. As you likely know, most chips have been dreadful over the last month, with the likes of MU NVDA getting pummeled despite a rare standout like AMD. CREE is a long-term turnaround story which has finally corrected a bit and may be ripe...
28May3:30 pmEST
The Law of Interia
With the broad market indices insisting on not moving much, just yet, it remains tough to force the issue in terms of attacking even the most attractive individual chart. Two possible exceptions, however, reside in the biotechnology, names we have highlighted but here and with Members. FATE is having a very strong session on a huge uptick of...
28May10:18 amEST
Mount Everest is the New Hotel California
The recent slew of tragic deaths on the way up Mount Everest seems like a good lesson in taking unnecessary risks. On the one hand, we must acknowledge that plenty of choices in life come down to being comfortable with the idea of taking risk and dealing with uncertain outcomes. On the other hand, brazenly taking overly-aggressive risks...
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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.
