MarketChess
Showing articles 4471 - 4480 (6576 total)
20Jun3:44 pmEST
The Block
The bears' best chance to regain control of this market now looks to be a LeBron-esque come-from-behind block to prevent against an upside breakout. We may be seeing just that with the broad market softness this afternoon. Case in point: The Nasdaq-100 ETF, below on the daily, is fading off its 50-day moving average. Still, this may be yet...
20Jun1:09 pmEST
Oh Really, You Trying to Get the Pipeline?
Within the commodity complex, much attention is typically focused on crude oil and precious metals. However, as we know, soft commodities have been incredibly hot on the while this year, even as the DBA ETF consolidates today. Sugar and soybeans have been particularly strong and part of the leadership in that space. But, beyond that, natural...
20Jun10:55 amEST
Half of the Battle is Not Getting Caught
Overly-aggressive shorts are in some pain this morning, with equities staging a sizable gap higher to open what should be another fun-filled week of macro data and a "Brexit" vote on Thursday out of Europe. Equities have had a propensity to stage a strong comeback, seemingly out of nowhere, for a good while now. And the lingering issue for...
19Jun2:45 pmEST
Weekend Overview and Analysis 06/19/16 {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...
19Jun11:36 amEST
Sunday Matinée at Market Chess Cinemas
Following in tradition for this website Father's Day, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. I often wonder if he would have liked it as much as I think he would have. I suppose I will always associate this film with...
17Jun12:49 pmEST
Three Card Monte Market
Continuing with one of the recent market themes of prominent leaders lagging, and laggards trying to pick up the slack, we have the likes of AAPL AMZN FB GOOGL NFLX, not to mention biotech and healthcare plays, clearly in the red and not bouncing much intraday. On the other hand, we have some of the beaten-down high growth names catching a...
17Jun10:43 amEST
Big Apple a Replay of Big Blue for the Big Hustler
The news out of China this morning almost seems ancillary to the main issues facing AAPL stock. We went short Apple yesterday inside Market Chess Subscription Services, not because we knew issues would arise out of China today, but rather because the stock remans in a clear downtrend--Lower highs and lower lows--since last summer for one of, if...
16Jun4:42 pmEST
Stock Market Recap 06/16/16 {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...
16Jun3:42 pmEST
Back to the Mendoza Line
The VIX is back down to 20 this afternoon. On a standalone basis it does not seem like much of a big deal. But when you put that dividing line into context of the broad market in equities, you still get the sense that bears need to continue to see volatility bought and remain fairly elevated. Otherwise, the upside reversal today we saw in...
16Jun12:54 pmEST
Inverse Looks
As equities continue to bounce off their morning lows, it is worth noting the inverse relationships in Treasuries as well as the precious metals miners. Both TLT and GDX had gapped up this morning, but as the SPY just filled its morning gap from the open we have an interesting test for miners for the rest of the afternoon. On the 5-minute GDX...
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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.
