MarketChess
Showing articles 4621 - 4630 (6577 total)
26Apr3:17 pmEST
This is the City of the Angels, and You Haven't Got Any Wings
"Go back to Jersey, sonny. This is the City of the Angels, and you haven't got any wings." -Captain Dudley Smith, L.A. Confidential (1997) Everyone knows, but of course, if you want to find a world class steel firm then you head towards...Los Angeles? It may seem odd, but Reliance Steel out of Los Angeles, California, has been incredibly...
26Apr1:01 pmEST
Apple Innovation Put to the Test
Looking at the weekly chart for AAPL, below, the pressure sure seems to be on bulls to execute after tonight's earnings report. Even with a multi-week rally into April, Apple has been printing lower highs and lower lows, simply put, since last July 2015. And headed into earnings you might argue the rally has simply set up yet another "bear...
26Apr10:25 amEST
Taking Turns as Leaders
The small cap stocks in the Russell 2000 Index are back at it again this morning, leading a mild market bounce in front of AAPL earnings and the FOMC Announcement tomorrow afternoon. On the 30-minute chart for the IWM, the Russell's ETF, below, note the $114.15 level just above serving as some pretty obvious resistance despite the small caps...
25Apr5:05 pmEST
Stock Market Recap 04/25/16 {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...
25Apr3:40 pmEST
The Perrigo Principle in Effect
The Pareto principle (also widely-known as the 80–20 rule) states that, in general, roughly 80% of the effects come from 20% of the causes in most events. Applied to the huge down move in PRGO today, on the back of news that CEO Papa left to head rival firm VRX, we may very well apply the "Perrigo Principle." Specifically, on a slow market...
25Apr12:43 pmEST
Walk it Down Before the Fireworks
Equities, and indeed most commodity-related stocks, are pushing down into the New York lunch hour, as likely profit-taking is finally setting in before a full slate of earnings, a Fed meeting, and some significant macro data later this week. A leader like NFLX is a notable laggard here, still threatening a potential head and shoulders top...
25Apr10:43 amEST
Bake Up a Good Chemical Reaction with Gas
After an impressive run-up last week, natural gas is coming in off short-term overbought conditions, seen on the daily chart for the UNG ETF, below. Although there have been quick-hitting, actionable long trades in natural gas in recent years, on the whole natty has been mired in a bear market since 2008. Unlike other commodities in 2016,...
24Apr2:44 pmEST
Weekend Overview and Analysis 04/24/16 {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...
23Apr7:24 pmEST
Saturday Night at Market Chess Cinemas
Geoffrey Rush's performance, for which he won the Best Actor Oscar, on a standalone basis makes Shine (1996) worth seeing. Rush would rise to a more prominent status in Hollywood after this role, as pianist David Helfgott, who makes a riveting comeback to the piano after enduring a breakdown at a younger age. This film is based on the...
22Apr12:47 pmEST
Don't Try to Change That Number
Taking a lesson from when Michael Jordan switched to number 45 after coming back from his baseball stint, lost to the Orlando Magic in the 1995 NBA playoffs, then came back the next year as number 23 again and won the NBA Championship with arguably the most dominant team in the last two decades, we should not change our number when it comes to...
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“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.
