MarketChess
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04May4:42 pmEST
Stock Market Recap 05/04/20 {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...
04May11:30 amEST
Reality Bites for These Stocks
One of the most diffident versions of Warren Buffett over the weekend we have seen in many years regarding the short and intermediate-term outlook for the economy and markets is likely pouring salt into the wounds of airline bulls who had bet that Buffett would at least retain some stakes in the companies with a positive word or two to boost...
03May12:38 pmEST
Weekend Overview and Analysis 05/03/20 {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...
02May5:42 pmEST
Warning: New Paradigm Coming
The selloff in equities to close out last week saw renewed jitters about the formidable month of May in markets, in general, combined with the persistence of the pandemic and lockdowns. The problem areas for this market over the last few months sold off hard again and are far from healed charts, be it cruise lines like CCL NCLH RCL down 10-14%...
01May12:41 pmEST
Who Wants to Try to Hustle the Hustler?
Warren Buffett will be speaking to the world on Saturday, May 2nd, at Berkshire Hathaway’s 2020 Annual Shareholder Meeting. Due to the pandemic, the meeting with be virtual but there will be a Q&A portion, usual. Greg Abel, Berkshire’s vice chairman of non-insurance operations, will be taking previously submitted questions with Buffett. Abel...
30Apr3:37 pmEST
Gold and the Miners: Let 'em Rest Now
I am not sure how many financial news outlets or pundits on social media were blaring headlines about gold miners printing seven-year highs last week, but I doubt very many did. But that is correct--The GDX ETF hit its highest level ($34.74) last week since April 2013, as seen on the GDX weekly chart, below. After a steep multi-week uptrend off...
30Apr11:20 amEST
The Main Thing You Cannot Control is Time
At this point into the lockdown/quarantine in most parts of the country it may feel like we are constantly being teased into thinking we will re-open the economy any day now. Indeed, the market seems to think so, with stocks furiously squeezing over the last five weeks in order to try to price in such a scenario. Seeing as history does not...
29Apr11:44 amEST
Baking a Heckuva Cake
The phrase, "baked in the cake," refers to the concept of markets being able to discount a future scenario which may not yet seem apparent. When said scenario materializes it may come as a surprise to a fair amount of people but not so much to markets which have already accounted for the development. Applied to the current landscape, markets...
28Apr3:00 pmEST
You Can Almost Hear Lou Brown...
"Come on bears, get in front of the damn small caps! Don't give me this "ole" bulls***!" With tech dipping into major earnings and the FOMC, the weekly chart for IWM, below, shows us where the real battle may be. Small caps are up against their late-2018 correction lows. Turning prior support into newfound resistance would be rather...
28Apr10:58 amEST
Lining Up the Next Shot
Some near-term buyer exhaustion in many Nasdaq names this morning appears to be setting in, which cannot be too shocking given the furious push higher we have seen (especially in the futures market) over the last month. Prominent winners from this cycle, like TDOC ZM, are down sharply as I write this as we head into the true belly of the beast...
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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.
