MarketChess
Showing articles 4331 - 4340 (6636 total)
29Aug3:45 pmEST
End of Summer Cheer
The indices have largely been drifting sideways the last few hours after a strong open, as we kick off what figures to be a light week of trading before the Labor Day weekend. To be sure, plenty of tight charts are present, which we consistently update for Members. At issue is whether they will break higher mostly across the board, which would...
29Aug1:11 pmEST
The Stock Market Recruits a New Driver
Do you remember the drill with the banks? They tend to catch a nice bid as rates eventually edge higher. Financials are leading today, on the back of a potentially hawkish Fed (also opposed to the bluffing one we are used to). While there are plenty of skeptics regarding whether The Fed can actually muster the, shall we say, intestinal...
29Aug10:50 amEST
Fiesta Making a Run at Chotchkie's
Select casual dining plays have enjoyed something of a snapback rally in recent weeks, seemingly under-the-radar. While it is true that many eyes have been glued to CMG for a potential bottom, the likes of BWLD and FRGI have also been noteworthy. CMG, green again this morning, would likely need a close above $435 to confirm even a temporary...
28Aug2:33 pmEST
Weekend Overview and Analysis 08/28/16 {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...
27Aug2:11 pmEST
Saturday Night at Market Chess Cinemas
I recently saw Anthropoid (2016), the real-life account of Operation Anthropoid. Anthropoid was the code name for a World War II mission to assassinate the malevolent SS General Reinhard Heydrich, the main architect behind the Final Solution and the Reich's third in command after Hitler and Himmler. Heydrich was said to be so violent and...
26Aug1:13 pmEST
A Staring Contest for the Ages
The initial reaction to Janet Yellen's apparently hawkish language this morning seemed hell-bent on calling her bluff, with the rate-sensitive sectors rallying along with commodities. However, an abrupt downside reversal ensued, virtually across the board, after Stanley Fischer reinforced the hawk case for higher rates. At the moment, we have...
26Aug10:51 amEST
Calling Yellen's Bluff
Despite Fed Chair Yellen just saying that the chance for raising rates has "strengthened," Treasuries, REITs, utilities, commodities, and stocks all rallied, likely hinting that the market is calling Yellen's bluff she will not, in fact, actually raise rates. I am reminded of the following hand between Phil Ivey and Paul Jackson as an analogy...
25Aug3:49 pmEST
Stock Market Recap 08/25/16 {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...
25Aug3:47 pmEST
Keeping Lane Discipline
Despite another red day, biotechnology stocks in the XBI ETF (for small/mid-cap biotechs) held the $59.80 level, denoted below on the weekly timeframe. As long as buyers can defend that level, it is tough to get too bearish on the bios, too soon. However, as we noted yesterday, the sector is effectively back in the "neutral zone," below its...
25Aug1:10 pmEST
Hey Jude, Don't Bring Me Down
In light of Muddy Waters disclosing that it is short Saint Jude Medical earlier today, we are conducting what is usually a worthwhile exercise in terms of keeping tabs on the medical device sector in general. Specifically, medical device plays have enjoyed a rather strong 2016 thus far. And if STJ plunging today off the Muddy Waters note fails...
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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.
