MarketChess
Showing articles 5941 - 5950 (6612 total)
23Mar1:09 pmEST
Emerging from the Darkness
While I thought CHUY would emerge as a catch-up play to the stronger casual dining stocks, namely the likes of BLMN CBRL DENN FRGI RRGB TXRH, among others, as it turns out BBRG has been performing better on a relative basis. Much like CHUY, Bravo Brio was a beaten-down laggard among restaurants. However, unlikes CHUY we have seen BBRG hold...
23Mar12:17 pmEST
Potential for a Trap
After rallying over the past several trading sessions, energy stocks are now up against some interesting technical points of reference. On the energy sector ETF daily chart, below, note the 20 and 50-day moving averages now greeting price after the bounce off recent lows. In addition, note the light blue lines I have drawn denoting a possible...
23Mar11:33 amEST
Rotation in the Medical Field
For at least a short-term rotation, it looks as though some money is coming out of large cap biotechnology issues like GILD, first daily chart, below, and moving over to a major pharmaceutical firm like PFE, seen on the second daily chart. GILD and other large cap biotechs have been on a tear for years now. But while fellow leader BIIB has...
23Mar10:40 amEST
Ack and Forth Herbalife Goes
To update a chart I posted on Stocktwits earlier this month, the multi-year timeframe for controversial company (and stock), Herbalife, seen below, is responding quite well to its 2012 prior lows (horizontal light blue line). And just as HLF responded to the the highs and saw swift rejection, despite massively bullish if not giddy sentiment...
22Mar1:53 pmEST
Weekend Video Strategy Session 03/22/15 {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 03/23/15-03/27/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
22Mar11:14 amEST
Your Sunday Morning View
Brazil-based metals and mining company, VALE, is worthy of a discussion later today in my Weekend Video Strategy Session, based on its chart. In addition to the rallies staged by many commodities and miners late-last week, VALE could be ripe for a tradable rally in the days or even weeks after being badly beaten-down. Earnings are scheduled...
21Mar8:02 pmEST
Saturday Night at Market Chess Cinemas
College basketball’s March Madness is getting in full swing, with teams duking it out tonight to play in the Sweet Sixteen next Thursday. Of all the places in America, the two most basketball-dominated states are Kentucky and Indiana. And this year the undefeated Kentucky Wildcats are stealing the show as huge favorites to win the title. ...
21Mar11:01 amEST
Breaking Vegas: The True Story of The MIT Blackjack Team
Here is a very entertaining and educational documentary based on the books by Ben Mezrich that cover the true story of the legendary MIT Blackjack Teams. While cheating is, of course, wrong and a poor strategy in terms of both ethics and being a lousy long-term strategy (crime doesn't pay), the documentary is worthwhile in terms of assessing...
20Mar3:50 pmEST
Come Back Next Week for a New Season: Chess Moves
Into the weekend, I am calling a last-minute audible here and moving to 100% cash. Overall, I had a pretty good week, grinding out wins and cutting losers to contain them without no major gaps against my favor. As spring commence, I want a clean slate and an open mind to fresh positions next week. I will update the numbers, but here is the...
20Mar3:23 pmEST
In One Photo: The Week That Was for Metals
While far from concrete evidence of a major bottom in place, the precious metals and miners did come fighting out of their coffins this week; especially silver. While the macro cross-currents of the U.S. Dollar, Euro, Fed, etc. could all be attributed as reasons for the rally in the metals and miners, gold bugs are still breathing headed into...
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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.
