MarketChess
Showing articles 3941 - 3950 (6609 total)
17Jan1:35 pmEST
Doing God's Work By Building a Tower of Babel
The tale of the Tower of Babel is said to explain the origin of different languages in the world. As the story goes, a group of survivors of the Great Flood in the Book of Genesis are united in language and ambition to build a tower tall enough to reach heaven. God takes umbrage to this act and subsequently creates multiple language barriers to...
17Jan10:44 amEST
Not Quite Ready to Leave Port
We have a fairly busy shortened week of trading underway, with plenty of earnings and macro events. A big bank like Morgan Stanley reversed down pretty hard after earnings, off by nearly 3% as I write this. Netflix earnings tomorrow, as well as GS in the morning, are sure to capture plenty of attention, too. But the U.S. Dollar price action...
15Jan12:27 pmEST
Weekend Overview and Analysis 01/15/17 {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...
14Jan10:29 amEST
Saturday Night at Market Chess Cinemas
With the long, holiday weekend upon us, a double-feature makes sense tonight. Two years ago, I recommended the Netflix original series, "Narcos," after its first season. Upon viewing the second season, I am going to keep recommending the series as an exciting and gripping show. Specifically, the performance by Wagner Moura as Pablo Escobar...
13Jan1:31 pmEST
Artful Speculation at the Guggenheim
After failing to, thus far, pounce on the short-term initiative since yesterday morning's sell-off, bears are rather sleepy today as we head into a three-day weekend. The indices are holding their ground since an opening move higher. But the market largely has a feel to it of traders punting into next week and beyond the inauguration before we...
13Jan10:55 amEST
A New Season is Underway
The major banks reporting earnings this morning gives a more standard feel to a new earning season now underway. At first, the likes of BAC JPM WFC did not react much. But as I write this I see Wells is up by more than 2%. As for stocks at-large. bulls are looking to erase the concern the market showed yesterday morning off the open, with a...
12Jan3:51 pmEST
Stock Market Recap 01/12/17 {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...
12Jan3:48 pmEST
Banks: Do You Remember the Drill?
A slew of bank earnings tomorrow morning, namely BAC JPM WFC, should set the one for markets into the three-day weekend. I am staying light here, after this afternoon's upside reversal opens up the possibility for bulls to seize back the short-term initiative. As always, on days like today we like to keep track of the relative strength...
12Jan1:40 pmEST
A Few Stops Down
The working thesis for bears has been that the early relative weakness for small caps in the Russell 2000 Index in the new year would eventually drag most of the other indices lower, too. After a few attempts to squeeze bears highs, bulls failed to hold the mid-point of a well-defined price range on the IWM (Russell's ETF), seen on the update...
12Jan10:43 amEST
Another Split Out Wide
It is usually interesting to see the timing of when some of the volatility ETFs effect a reverse-split, as we are seeing today with a 1-5 reverse split for UVXY (the ultra-long VIX ETF). As UVXY reverse-splits, stocks are getting hit with the most selling we have seen in this young year so far. We know volatilty has been a tough long for a...
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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.
