MarketChess
Showing articles 4901 - 4910 (6634 total)
09Feb12:36 pmEST
First in First Out of Port
With crude oil and high yield paper pushing session lows as we speak, stocks are wobbly but have not plunged to follow suit, just yet. Into the afternoon, the crude oil weakness is a concern, but shorts should still not rely on it as a proxy to short tech and biotech, for example. At the moment, a more interesting development to my eye is the...
09Feb10:49 amEST
Excesses of the Bull Market on Mardi Gras
Today is a busy day across the country, with both Mardi Gras festivities and the New Hampshire Primary. Regarding the Mardi Gras partying, followed by Ash Wednesday and the beginning of Lent, markets also display a similar pattern, broadly speaking, of enjoying the complacency and excesses of a long bull run, before eventually the cleansing...
08Feb5:15 pmEST
Stock Market Recap 02/08/16 {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...
08Feb3:38 pmEST
Everybody Just Say the Word, Oh, Ches-Ches-Chesapeake
Serious selling (and halts) in Chesapeake Energy today, along with more glaring weakness in the European Deutsche Bank, caught many headlines today. It is interesting to see the likes of COP SLB XOM in the energy patch holding green here, perhaps a sign that the energy selling is close to abating. However, calling a bottom to this market has...
08Feb12:54 pmEST
No Man Can Eat Fifty Eggs
With the broad market sell-off still playing out today, one has to wonder when panic and fear will start to set in. Bounces have been tepid, not just today but in recent weeks by and large. And the VIX has yet to see anything close to a fearful spike higher. Underwater longs seem to be hell-bent on seeing just how much pain they can take, not...
08Feb10:59 amEST
Bursting the Dam of Support
Equities continue to get pounded this morning, and it is likely no coincidence that the Dollar/Yen currency cross is also losing a major price area, too. As the Dollar/Yen chart, seen below on the daily timeframe, moves lower, the Yen moves higher. A higher Yen is not what the Bank of Japan had in mind a few weeks ago when it moved to NIRP...
07Feb3:15 pmEST
Weekend Overview and Analysis 02/07/16 {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...
06Feb9:21 pmEST
Saturday Night at Market Chess Cinemas
Serpico (1973) is one of those iconic films from the 1970s, starring Al Pacino as a gutsy New York cop who serves as a whistleblower to corruption on the force at the expense of any semblance of minor peace and harmony. This film is based on a true story. Legendary director Sidney Lumet captures the bad bravery which the real-life Frank...
05Feb3:06 pmEST
Defense Wins Championships (and Enables You to Survive in Markets)
As we approach Super Bowl 50 this Sunday between the Carolina Panthers and the Denver Broncos, it is a good reminder that, despite the well-deserved attention both teams' offensive quarterbacks have received, the Panthers and Broncos also play great defense. Whichever team plays better defense on Sunday, in all likelihood, will win the...
05Feb1:09 pmEST
This Chart Has a Definite O Face
On the back of our recent analysis about some crowded trades in the "safe" sectors and stocks, like AWK, we also have the REITs looking long in the tooth, or perhaps in need of at least a respite. SPG is the top holding in the IYR, and it sure does look dodgy on long-term timeframes. But MAA is also getting clocked today, too, after a...
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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.
