MarketChess
Showing articles 2241 - 2250 (6604 total)
02Apr10:51 amEST
Still Sounds Like a Bird
It has been a while since we highlighted Twitter's stock, not because there was anything to hide but rather because the name was simply grinding sideways and falling through the cracks of the market as a whole. And, yet, there is no denying that the stock has come a long way since sipping into the mid-teens a few years back during a botched M&A...
01Apr5:16 pmEST
Stock Market Recap 04/01/19 {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...
01Apr11:46 amEST
Blast from the Past
It is an interesting start to the new month and new quarter this morning, with industrials, rails, and chips perking up above all else early on. Into the first half hour of trading, we saw a sell program run with AAPL and various software and some healthcare tech plays. But the issue now will be whether they recover and regain momentum today as...
31Mar2:47 pmEST
Sunday Matinée at Market Chess Cinemas
It remains to be seen if this market kicks off the second quarter of trading like a raging bull, but either way one film which I hope never slips through the cracks of cinematic history is Raging Bull (1980). I consider this to be the best film of the entire decade for the 1980s, with Robert De Niro turning in a virtuoso performance in...
29Mar3:19 pmEST
Is it Really That Bold of a Strategy, After All?
On some level, it is what it is. In light of last Friday's violent, small cap-led selloff, coupled with a seemingly scary flight to Treasuries, equities have largely coasted this week into the official end of the first quarter of trading. In the event bears have missed another golden opportunity, it is time to put our nose to the grindstone...
28Mar10:41 amEST
Deck on Deck
Coinciding with both Major League Baseball Opening Day 2019 today as well as earnings rallies in the likes of FIVE and LULU, we ought not overlook the fact that Deckers may be, well, on DECK. For a while now, Deckers' bulls have done an admirable job tightening up the daily chart, below, even as retail essentially took a backseat to the...
27Mar10:37 amEST
Antidote for the Slowing Global Growth Poison
As I have spent the better part of this morning reinstalling a few charting/video software programs which crashed, several Members deserve a big tip of the hat for pointing out the relative strength seen in some materials miners. Given the general tension in markets and among market pundits regarding the prospect of slowing growth in the...
26Mar11:00 amEST
Collusion at the Highest Level
In an otherwise moribund casual dining sector full of sickly charts like HABT NDLS and RRGB, among many others, one would almost surmise that collusion existed with respect to some of the consistently outperforming names. Specifically, CMG DRI MCD SBUX WING have led the charge and continue to sport sound technicals on virtually all timeframes....
25Mar3:18 pmEST
It Defeats Its Own Purpose
Working our way through the final hour of a much slower, more mixed session than some of the one-way bullet trains up and down we saw last week, it is worth making another observation regarding the significant Russell 2000 Index. On the updated IWM daily chart, below, which is the Russell's actively-traded ETF, we can see price trapped in a...
25Mar10:31 amEST
Playing the Patience Game
Further selling, albeit far less intense than what we saw Friday, in the broad market this morning offsets what bulls hoped would be a Mueller report rally. Instead, the overhang of global growth concerns coupled with possible end of quarter seasonal weakness continues to blunt the upside momentum we saw in various tech plays throughout last...
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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.
