MarketChess
Showing articles 5721 - 5730 (6599 total)
05May12:22 pmEST
Play it Safe with Baba Booey
BABA has been a short idea we have been charting in recent sessions, as the $80 level failed to hold for the controversial stock. Earnings, however, are coming up later this week, on Thursday, which of course can trump this chart one way or the other. Into big strength, $80 then $86 would be levels of interest upside, whereas a major...
05May10:11 amEST
Making a Statement with the Dollar
Even with the U.S. Dollar ETF, seen below on the daily timeframe for UUP, trying to stabilize at its 100-day moving average and green this morning, select commodities are flexing, namely crude oil. In addiiton, natural gas has been on a tear of late and may finally be turning the corner into summer. Precious metals remain rather sloppy...
04May4:54 pmEST
Stock Market Recap 05/04/15 {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...
04May2:07 pmEST
Tricky Motherfrackers
David Einhorn came out swinging today at the Ira Sohn Conference, sticking it to fracking plays and labeling them as "motherfrackers." In particular, his bear thesis and "motherfracker" commentary pointed towards Pioneer Natural Resources. (PXD). First and foremost, PXD reports earnings tomorrow, which could certainly trump any current...
04May12:05 pmEST
On Track to Break Bad This Summer
Although it has been sacrilegious to suggest it, the failure of bonds to sustain an oversold bound of late does indeed constitute at least some change in character, compared to what we have seen for a while now. After I sold my TBT long last week (an ultra-short ETF targeting the likes of TLT), I expected at least some type of bounce in bonds...
04May9:51 amEST
A Wet Republic of Underwater MGM Longs
After the heavily-promoted but Mayweather/Pacquiao fight turned into a punchline of sorts due to its anticlimactic nature, combined with soft Macau numbers this morning, MGM Resorts International is notably lagging a market bounce. On the daily chart, below, note the potential for another breakdown below $21. Bulls will want to salvage the...
03May3:11 pmEST
Weekend Overview and Analysis 05/03/15 {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...
03May11:34 amEST
Back Over the Net to Berkshire Bulls
If you followed my work back in 2010 through 2012, then you know I was wildly bullish on Berkshire Hathaway as a long-term investment, not just due to the highlighted symmetrical triangle pattern seen on the monthly chart, below, but also to a myriad of other factors. As the largest component of the XLF, sector ETF for the financials, it merits...
02May10:26 pmEST
Saturday Night at Market Chess Cinemas
In light of the mega fight between Floyd Mayweather and Manny Pacquiao later tonight, I am going to recommend an old favorite of mine, the boxing film Diggstown (1992). A James Woods classic, you will find one of his best performances in this overlooked late-summer of 1992 film. Woods plays a “good con man” in lieu of just another...
02May9:14 amEST
What Happened in 2000
via YouTube What Happened is a Documentary about the DotCom 1.0 era (1995-2000 market crash), created by Chas Mastin, Michael Lefort, Aldo Bello and a cast of characters in 2001-02. It features such luminaries as Marc Cuban and explains how investment banks helped create the 90's tech bubble. If you would like to hear the hilarious and tragic...
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“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.
