MarketChess
Showing articles 5021 - 5030 (6635 total)
29Dec10:57 amEST
Tugging Along
It appears as though equites are moving with crude oil rather closely these days, perhaps tugging along with it today. Black Gold's gap higher today negated yesterday's apparent bear flag breakdown on the USO ETF daily chart, as equities also gapped up this morning. At the moment, the FANG gang is still intact, and perhaps will have smooth...
28Dec5:09 pmEST
Stock Market Recap 12/28/15 {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...
28Dec3:29 pmEST
Married to the GLOB
Working our way through the final hour of trading today, stocks continue to drift up off the morning lows. We have not seen sellers try to press lower yet, perhaps indicative of the holiday atmosphere still in play. Below the surface, FANG is still at the forefront even if NFLX is lagging the other three (FB AMZN GOOGL). In additions, we have...
28Dec1:05 pmEST
Pin the Retail on the Donkey at the Table
Despite the many calls for bargains in the retail sector, many prominent names remain weak today, such as KORS GES JWN M RL URBN. Of course, the SEC investigation into ICON is not helping the cause, either. And each day that AMZN is green only adds fuel to the argument that Mr. Bezos is eating the brick and mortars' lunch, whole. But as far as...
28Dec10:49 amEST
He Knows When You've Been Bottom-Fishing
In the midst of the seasonal "Santa Claus Rally," typically extending into the first week or so of the new year, stocks are giving back some of last week's gains. We are still keying off 2045 on the S&P 500 Index as a basic line in the sand, though I suspect we will not get more concrete answers until next calendar year. Meanwhile, the lagging...
27Dec1:38 pmEST
Weekend Overview and Analysis 12/27/15 {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...
26Dec5:42 pmEST
Saturday Night at Market Chess Cinemas
The great comedian, actor, and this case writer and star Steve Martin says that it took him seven years to write the fantasy comedy/drama L.A. Story (1991), which easily ranks among his best work. You can really tell how Martin took time to make sure the writing had depth and was original. I think this film, going on nearly twenty-five years...
24Dec9:58 amEST
Waiting to Take Shape
As we wind down this Christmas-shortened week of trading today with the 1pm EST early close, markets are still punishing traders trying to force in a given thesis to what has been a decidedly amorphous tape for quite some time. The S&P 500, for example, is trading roughly 20 handles lower than it was last Christmas Eve, while we know the FANG...
23Dec12:23 pmEST
Kiss Everyone Without Fangs Under the Mistletoe
The Christmas week rally is drifting higher as I write this, with index bears disappearing into the unseasonably warm winter night after last Friday's sharp sell-off. However, the glaring laggards are seen among the esteemed market leadership in the Nasdaq, namely the red prints on AMZN FB GOOGL, with NFLX having previously lagged for several...
23Dec10:41 amEST
One False Move or More
On Stocktwits yesterday and on the private Twitter feed for Members we looked at a potential false breakdown, or "bear trap," in the XLE, energy sector ETF. For quite a while now, we have been interpreting the XLE chart as decisively bearish, resisting the urge to declare a major inflection point at hand to what has been, in effect, an energy...
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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.
