MarketChess
Showing articles 3961 - 3970 (6610 total)
09Jan3:37 pmEST
An Apolitical Inauguration Play
Love it, hate it, or phlegmatic to it, the inauguration of Donald J. Trump as forty-fifth President of the United States will take place on Friday, January 20th. In terms of "Inauguration Day" stock plays, it may be a stretch to overdo it. But MGM does have a brand new property down in Washington Harbor, not far from the White House. In...
09Jan1:07 pmEST
Red and Green, Loud and Clear
The interplay between the U.S. Dollar and precious miners is a bit more pronounced today, with the Dollar ETF (below, on the daily timeframe) dipping below a well-defined rising price channel. In light of the Dollar weakness, precious miners are breathing a more pronounced sigh of relief. In particular, the higher beta junior gold miners in...
09Jan10:39 amEST
Taylor Ham, Egg, and Biotech on a Roll
Two segments of the market stand out this morning into an otherwise soft open. Both Apple and several of its suppliers, like CRUS, are out of the gate impressively. But so are select biotechnology issues, namely ARIA EXAS and INCY. As we know, biotech struggled mightily throughout most of 2016. And if bulls can turn that ship around this year...
08Jan10:43 amEST
Weekend Overview and Analysis 01/08/17 {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...
08Jan10:33 amEST
Sunday Matinée at Market Chess Cinemas
I caught the Denzel Washington vehicle, Fences (2016), in a theatre recently. Without question, the film is sure to make a splash during the coming awards season. Washington directs this character study set in 1950s Pittsburgh amid changing race relations in America. Written by the late-August Wilson, Fences is based on his Pulitzer Prize...
06Jan1:17 pmEST
The Perfect Mask: Eyes Wide Shut for Dow 20,000
All of the eyeballs on Dow 20,000 today may very well be the perfect mask for this throwback or retrace in the gold miners after the progress they made this week. Specially, in terms of discerning whether we have a quality, lower risk long entry on our hands, we want to gauge how GDX handles the $22 level from which it broke. On the updated...
06Jan10:48 amEST
They Can Almost Smell It
Another immediate smackdown of some opening strength on the indices surely has to be giving bears hope that this particular reversal is the start of something more meaningful. After all, it is the growing conventional wisdom that the market is likely into the inauguration of Donald J. Trump later this month, and then will perhaps sell off only...
05Jan3:38 pmEST
Stock Market Recap 01/05/17 {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...
05Jan3:32 pmEST
Little Shop of Horrors for Shorts
Despite another broad market fade earlier today, Nasdaq bears must be feeling a bit demoralized with a myriad of issues not only surviving the dip but now thriving as we head toward the closing bell, beyond AMZN and FB. SHOP is a fast-growing software play which has been basing sideways for months and is now exploding higher, following the...
05Jan1:07 pmEST
Bezos' Pendejos
The easiest thing in the world to do right now is pile on to the group of brick and mortar retail stores which have made to look foolish (i.e. Bezos' Pendejos) by Jeff Bezos and his brilliant Amazon empire. We know Kohl's is getting the business today, as is Macy's and JCP. Ralph Lauren was a short setup we discussed for Members last evening....
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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.
