MarketChess
Showing articles 5821 - 5830 (6612 total)
13Apr11:51 amEST
Good Service at These Two Restaurants
RRGB continues to be as strong as any casual dining stock, seen potentially turning up, yet again, on the first daily chart, below. This is a low float/heavy short squeeze potential play, to boot, especially over $88. And BBRG (along with CHUY) represents a potential turnaround story in the group, a laggard trying to catch up to the winners in...
13Apr11:02 amEST
Looking Upwards
The S&P 500 Index has now rallied back to the top rail of the narrowing consolidation we have been observing in my videos of late, with the light blue lines denoting lower highs but higher lows. 2,114 and 2,119 are still key to breach above to make a higher swing high. But bulls have obviously made progress in recent sessions. Two names acting...
13Apr10:14 amEST
A Good Topping or Not
In order for my current short in Treasuries to work, I will likely have to see both the rate-sensitive REITs in the IYR ETF and utilities in the XLU succumb to another leg down. As we have been observing for a while now, the IYR and XLU have notably lagged the market of late. On the updated XLU daily chart, below, the highlighted pennant...
12Apr2:31 pmEST
Weekend Video Strategy Session 04/12/15 {Video}
The following video contains coverage of the broad market, as well as tons of actionable trading ideas for equities and other markets regarding the coming week of 04/13/15-04/17/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
12Apr11:11 amEST
Getting Exotic
The monthly timeframe of the emerging markets ETF, EEM, illustrates the potential for a rotation to continue this quarter. Thus far, China has been the big winner, along with Russia, in terms of the BRIC countries comprising the EEM. In my Weekend Video Strategy Session, later today, I will flesh out this idea. To be sure, the rotation thesis...
11Apr8:41 pmEST
Saturday Night at Market Chess Cinemas
If you have not seen the sweeping film, Patton (1970), based on real-life General George S. Patton, then you are missing out on beautiful storytelling about an American legend. George C. Scott plays Patton brilliantly, with the accompanying swagger, timely smirks, and true purpose of carving out his place in military history. In...
10Apr3:55 pmEST
Capital Keeps Making The Getaway
Just when it looks as though bulls have run out of juice, we always seem to find capital rotations making "the getaway." As an example, in recent weeks we saw a rotation away from healthcare and biotechnology stocks initially, down to energy and oil services. But then money tried to flow back to the strong biotechs even as energy continued to...
10Apr3:14 pmEST
Looking for Another Good Fit
On the back of my last post about GE, Nokia might also be intriguing from a long-term perspective. Much like GE, the firm is announcing news of looking to reorganize, which could help to wake up a stock which has obviously been dead money for years now. On the monthly chart, below, note the steep multi-year downtrend. However, the stock is...
10Apr2:27 pmEST
A Wicked Long-Term Look at General Electric
After dismantling GE Capital, GE's stock is shooting up nearly 9% today. On the quarterly chart, below, we can see that the mega cap had endured two steep crashes in a span of eight years, finally bottoming out in early-2009 and taking the stairs higher ever since. The $23 level (light blue horizontal line, very key dating back many years) was...
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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.
