MarketChess
Showing articles 2251 - 2260 (6609 total)
28Mar10:41 amEST
Deck on Deck
Coinciding with both Major League Baseball Opening Day 2019 today as well as earnings rallies in the likes of FIVE and LULU, we ought not overlook the fact that Deckers may be, well, on DECK. For a while now, Deckers' bulls have done an admirable job tightening up the daily chart, below, even as retail essentially took a backseat to the...
27Mar10:37 amEST
Antidote for the Slowing Global Growth Poison
As I have spent the better part of this morning reinstalling a few charting/video software programs which crashed, several Members deserve a big tip of the hat for pointing out the relative strength seen in some materials miners. Given the general tension in markets and among market pundits regarding the prospect of slowing growth in the...
26Mar11:00 amEST
Collusion at the Highest Level
In an otherwise moribund casual dining sector full of sickly charts like HABT NDLS and RRGB, among many others, one would almost surmise that collusion existed with respect to some of the consistently outperforming names. Specifically, CMG DRI MCD SBUX WING have led the charge and continue to sport sound technicals on virtually all timeframes....
25Mar3:18 pmEST
It Defeats Its Own Purpose
Working our way through the final hour of a much slower, more mixed session than some of the one-way bullet trains up and down we saw last week, it is worth making another observation regarding the significant Russell 2000 Index. On the updated IWM daily chart, below, which is the Russell's actively-traded ETF, we can see price trapped in a...
25Mar10:31 amEST
Playing the Patience Game
Further selling, albeit far less intense than what we saw Friday, in the broad market this morning offsets what bulls hoped would be a Mueller report rally. Instead, the overhang of global growth concerns coupled with possible end of quarter seasonal weakness continues to blunt the upside momentum we saw in various tech plays throughout last...
22Mar11:13 amEST
Assessing the Damage
A post-earnings selloff in Dow component Nike coupled with fears about slowly growth in the economy at-large, seem to be the reasons du jour for a broad market dip this morning. When see a prominent Dow holding like NKE off by more than 5.5% it is almost always going to pressure the Dow itself a bit. But regarding the other major indices the...
21Mar3:24 pmEST
Let's See Even More Heart Now
Despite the U.S. Dollar snapping back today after yesterday's remarkably dovish FOMC, precious miners fought back to green this afternoon and bucked the traditional inverse relationship between the Dollar and gold/miners. For a while now we know that precious miners have steadily improved, dating all the way back to a trough in September 2018....
21Mar11:38 amEST
March Madness Plays
(Above graph courtesy of @JeffDLowe on Twitter and of Barstool Sports) With the NCAA Men's Basketball Tournament already underway with the play-in games the last two nights, the traditional tournament games tip off this afternoon. Unlike the Super Bowl, the NCAA tourney's television ratings are not quite as strong as you think. The games are...
20Mar5:28 pmEST
Stock Market Recap 03/20/19 {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...
20Mar11:03 amEST
Oozing Confidence
Some index weakness in front of the FOMC later today is driving home the point that this market continues to digest recent gains as we approach both the end of the month and first quarter of trading. It remains to be seen if the Fed is bold enough to talk up a hawkish game this afternoon, one which could spook markets, or instead if they...
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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.
