MarketChess
Showing articles 3831 - 3840 (6610 total)
27Feb1:35 pmEST
Quiet Symmetry to These Homes
To follow-up from our analysis last week, the homebuilders continue to quietly outperform today. Both the XHB and ITB ETFs related to the homebuilding complex are near or at session highs as I write this, while the indices in general are flat and mixed. Equity bulls continues to pound the table on the idea that sector rotations will keep any...
27Feb10:40 amEST
A Silent Scream from Sotheby's
While far from a premier leading stock, high-end auction house Sotheby's (trading under ticker: BID) has some interesting correlations with the S&P 500 Index when you track the performance going back several decades. Long-time readers will recall we used to track this correlation previously, full well knowing that all correlations are bound to...
25Feb3:26 pmEST
Weekend Overview and Analysis 02/26/17 {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...
25Feb3:22 pmEST
Saturday Night at Market Chess Cinemas
They don’t make them much better than Clint Eastwood’s boxing masterpiece, Million Dollar Baby (2004)--This one is a top ten all-time film for me. The underdog boxer (here, a female played by Hilary Swank) being pushed by a tough trainer is nothing new in cinema, as we have seen that storyline over and over again throughout the years....
24Feb1:25 pmEST
Foot Locker: Turn That Retail Frown Upside Down
Markets are settling into a bit of a scrum into the weekend, with bears yet to push the envelope off the morning weakness (See: a red VXX as I write this). One bullish aspect of the action of late would be retail plays finally showing some heart, specifically in the face of yesterday's harsh selling in the sector. Recall how long the retail...
24Feb9:27 amEST
A Simple Test of Violence
As quaint as it may seen, the VIX ETF, VXX, has ben unable to hold over its 20-day simple moving average since Election Day. To be sure, I am not one to put too much stock in technical analysis of the VXX, since it is, after all, several times removed from equities. Still, the setup is simple, easy to track, and should give insight as to...
23Feb3:51 pmEST
Stock Market Recap 02/23/17 {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...
23Feb3:49 pmEST
It May Be Time for Solars to Finally See the Light
The First Solar reversal today, after yesterday's earnings drubbing, is nothing short of stunning when you consider how accustomed we have become to the usual solar heartbreak. Nonetheless, when you see a likely close today over $37, a level highlighted on the updated daily chart for FSLR, below, it offers some evidence of a potential bottom...
23Feb1:23 pmEST
Battle Lines Drawn for the Afternoon
Before I head in to film my usual Midday Video for Members, note the Nasdaq's top stocks in the QQQ ETF, below on an intraday timeframe, is toying with the $130 level on numerous occasions today. We looked at a longer-term view of the Nasdaq earlier. But, here, the intraday look shows the bounce off the morning lows may be setting up a new leg...
23Feb10:45 amEST
Tesla: Here Comes Your Throwback Test
After Tesla earnings last night, the resurgent momentum darling is coming back down to roughly the scene from which it broke out earlier this month. On the zoomed-out daily chart, below, note the down-sloping light blue line, stretching back to 2015, which kept a lid on the high beta, controversial stock for a good while. But with Tesla bulls...
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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.
