MarketChess
Showing articles 3481 - 3490 (6634 total)
25Jul3:48 pmEST
The Rest of This Week: Let's Rock
Between CMG WYNN earnings tonight, among many others, followed by the FOMC tomorrow and a full plate of macro data into the rest of the week (on top of more major earnings like AMZN), the market is just getting warmed up. I wound up being a net seller today. But there are still plenty of attractive setups and potential rotations as do the...
25Jul1:36 pmEST
Many Mickles Make a Muckle
One of the main reasons we like to regularly look at longer-term timeframes, even as traders, is to gain better perspective of a stock's big picture in terms of price action. Regarding the prominent copper miner, Freeport-McMoran, on the back of a sharp earnings rally today, we can see the monthly FCX chart, below, indicate that today's rally...
25Jul10:10 amEST
Making Columbus, Ohio Proud
Although they seem to have lost some of the allure which attracted momentum players to the sector last year, steels are steadily improving this summer. Not only have the likes of NUE and STLD survived their respective earnings reports last week, their daily charts are impressive relative to peers insofar as seeing price now hold back over all...
24Jul3:46 pmEST
Stock Market Recap 07/24/17 {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...
24Jul3:42 pmEST
The "Take Your Typewriter to the Coffee House" Phase of the Rally
The price action in FIZZ, a favorite in the "hipster" community due to the thriving LaCroix brand, is almost symbolic of the market at-large---You may despite the persistent underlying strength in stocks, just as many resent the "hipster" movement, but there has been little to slow it down. Simply put, you cannot stop hipsters--You can only...
24Jul1:30 pmEST
This Market Flies Kites, Not Drones
Interestingly, the mid-cap biotech, Kite Pharma, Inc., below on the daily timeframe, is the top holding by weight in the IWM (ETF for the Russell 2000 Index). Although KITE is the top holding above others by only a slight margin, it is symbolic insofar as highlight the intimate relationship between the smaller and mid-cap biotechs and the...
24Jul10:18 amEST
WebMD No Longer Has an Acute Case of the Mondays
We have a variation of "Merger Monday" this morning, as KKR announced plans to acquire WBMD in a deal valued at $2.8 billion. WBMD gapped above $66 on the news, and puts the rest of the healthcare new age IT plays on the radar even more for potential buyout targets. TDOC comes to mind, of course. But there are other related plays we have on...
23Jul9:24 amEST
Weekend Overview and Analysis 07/23/17 {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 mark Please click here for more...
23Jul9:21 amEST
Sunday Matinée at Market Chess Cinemas
Wyatt Earp (1994) and Tombstone (1993) were films released six months apart, each prominently featuring Old American West icon Wyatt Earp. Although Tombstone was largely seen as the superior film, and Wyatt Earp argued as a flop by many, I take the contrarian point of view here. I believe Wyatt Earp to be an excellent film with a...
21Jul10:39 amEST
Summer Amusement
It has not been a particularly fun summer for bears thus far, despite energy struggling to bounce and various retail names staying in the doghouse. Even this morning, for example, despite a red open on the back of GE gapping down to reinforce its bearish chart over the last eight months or so, it is far from a summer amusement park ride for...
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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.
