MarketChess
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27Mar3:46 pmEST
Built Tesla Tough
An interesting dynamic is shaping up with auto makers, as Tesla zooms to session highs and threatens a major sustained breakout while Ford breaks down to fresh, multi-month lows today. GM has been somewhere in the middle of Ford and TSLA. But, clearly. after bulls defended the $250 level on TSLA recently it has become the chic momentum play...
27Mar1:40 pmEST
Above or Below the Wrist, Clarice?
A ferocious morning bounce off the first test by price of the 50-day simple moving average for the S&P 500 Index since last November is putting bears back on the defensive. Simply put, this market has been unable to stay down for very long at all. Thus, there is a premium placed on being open-minded and nimble enough to adjust with the tape. ...
27Mar10:51 amEST
Make My Pullback a Bearable Trip
For whichever reason, India seems to get lost in the shuffle among the allure of emerging markets. Typically, China, Brazil, even Russia get plenty of play among traders when their markets are hot. But the recent rally in India seems to be under-watched, if not outright under-appreciated. Inside Market Chess Subscription Services, we are all...
25Mar3:20 pmEST
Weekend Overview and Analysis 03/26/17 {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...
25Mar3:17 pmEST
Saturday Night at Market Chess Cinemas
Mutiny on the Bounty (1962) was on Turner Classic Movies earlier today. Watching the film again reminded me that it will probably be lost in the shuffle as one of Marlon Brando's more overlooked performances. But that is a shame, since it is not only a quality work in its own right but also details a fascinating real-life historical series...
24Mar1:47 pmEST
Towards the Horizon
Looking out to next week, Treasuries are coiling above the key $120 level here on the TLT ETF, seen on the daily chart, below. Should they break over the highlighted consolidation next week, it may give bears some ammunition to bring equities down some more in a standard "risk off" short-term environment. As for today, the action remains...
24Mar10:43 amEST
Skipping Rocks at Mirror Lake
Hours in front of a healthcare vote in Washington which has attracted much attention, markets are subdued. Indeed, the price action in the opening hour this morning has the feel of a summer Friday rather than the outset of the spring months. At any rate, we are looking to see if bulls can adequately hold the S&P 500 Index above the 2,350...
23Mar3:53 pmEST
Stock Market Recap 03/23/17 {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...
23Mar3:48 pmEST
What Size Market Pullback Would You Like?
I reckon bears will have them some of the bigguns. Today's market action was much more typical of a corrective tape, with cocky bulls early on cheering the morning bounce, followed by some abrupt selling in the afternoon and a fairly soft close. Bears still have plenty of work ahead of them, though, such as cracking IWM below $134 and seeing...
23Mar1:42 pmEST
Finally Ripe
After being the laughingstock of an underwhelming group of soft commodities, the mystical cocoa plant may finally be ripe to make some noise during the spring months. Using the thinly-traded ETN, NIB, below on the daily timeframe, as a rough proxy for the futures contracts, we can see cocoa putting in a more defined bottoming formation...
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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.
