MarketChess
Showing articles 4581 - 4590 (6576 total)
10May10:40 amEST
Grand Theft Energy: Solar City
Even during the height of the commodity/materials/mining complex rally in the winter and early-spring months, solar was one part of the market we repeatedly avoided for Members for a variety of reasons. Above all else, solar stocks have been notoriously and perhaps uniquely risky for years on end, what with abrupt secondary offerings,...
09May4:39 pmEST
Stock Market Recap 05/09/16 {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...
09May3:30 pmEST
Exhausted Sellers May Have Lost This Auction
The correlation between the stock for high end auction house, Sotheby's, and the S&P 500 Index is a topic long-time readers know we have discussed many times since at least 2013. This morning, Sotheby's announced a $25.9 million loss for the first quarter of 2016. Despite that, the stock is rallying sharply today, up more than 6% as I write...
09May1:00 pmEST
Cleaning the Sweet Tooth in Miners
A harsh shakeout in the miners this morning, precious and otherwise, reinforces the notion that trading this part of the market almost always equates to "adult swim," with wild price swings and tons of head-fakes. In this case, miners bounced back late-last week after some initial weakness. However, the continued rally in the U.S. Dollar saw...
09May10:48 amEST
A Bit Too Leisurely
Despite some notable weakness this morning in miners, emerging markets, financials, and semiconductors, the oversold bounces we are seeing in retail and biotechnology/pharma issues are keeping leisurely bears from reaching their destination of meaningful market downside. Both XRT and XBI ETFs, for retail and small/mid-cap biotechs,...
08May12:58 pmEST
Weekend Overview and Analysis 05/08/16 {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...
07May6:53 pmEST
Saturday Night at Market Chess Cinemas
On this Mother's Day Weekend, one of the more common points of feedback I receive from female readers is that the weekend film recommendations are almost never anything remotely resembling a "Chick Flick." So let's tackle that issue tonight, with Next Stop Wonderland (1998), a very underrated and under-watched film which is certainly worth...
06May3:00 pmEST
Red Auerbach on Defense
Defense has so much to do with the current market, regarding trading and strategy. Today, for example, after a lousy jobs number, a weak AAPL, some horrific earnings sell-offs (DATA FEYE GPRO), and a general drift lower since Monday, bulls appear to be initially defending the 50-day simple moving averages on the S&P 500 and Russell 2000...
06May12:59 pmEST
Lyin' CRUS Logic
The persistent weakness in Apple jumps out from the tape today, with AAPL all of its minor gains from a bounce attempt mid-week, and then some. Apple remains a bearish chart on virally all timeframes, with the name back below its prior 2012 highs, to boot, calling into question a good deal of gains from its 2013-2015 rally. With this in mind,...
06May10:46 amEST
Overkill
Barring a buyout (with a hefty premium) or some type of change which actually works, stocks like FIT GPRO, even FEYE, are good reminders that some things in this world are broken and are not meant to be fixed--Leaving them be is often the best play. The amount of pure destruction of capital and confidence sustained by bottom-picking bulls in...
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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.
