MarketChess
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28Mar3:46 pmEST
Getting to Be That Time of Year for The King
Lest we forget, amid all of this talk of resurgent restaurants, about The King. Burger King, now trading under ticker symbol QSR, has quietly been sporting a steady, high quality chart. On the daily timeframe, below, any further strength makes this a long idea as The King threatens to break up and away from its coiled pattern into the warmer...
28Mar1:28 pmEST
Do You Like Apples?
Bulls are back in business today, it appears, as the Nasdaq clears last Friday's highs and shorts begin to feel uneasy. Moreover, marquee leaders like AAPL AMZN FB NFLX PCLN TSLA are threatening fresh breakouts from fairly tight daily chart consolidation patterns. How do you like them apples? With a few hours to go before the close, nothing is...
28Mar10:39 amEST
A Turnaround from Ramen to Ribeye
A few restaurant-related stocks have stood out of late, namely PNRA and even PLAY, which has earnings tonight. Overall, the sector is still spotty, with some disappointments like BBRG DAVE FRGI HABT IRG KONA NDLS RAVE SHAK. Nonetheless, we looked at some plays recently which may be steadily improving. High-end steakhouse DFRG is one such...
27Mar3:48 pmEST
Stock Market Recap 03/27/17 {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...
27Mar3:46 pmEST
Built Tesla Tough
An interesting dynamic is shaping up with auto makers, as Tesla zooms to session highs and threatens a major sustained breakout while Ford breaks down to fresh, multi-month lows today. GM has been somewhere in the middle of Ford and TSLA. But, clearly. after bulls defended the $250 level on TSLA recently it has become the chic momentum play...
27Mar1:40 pmEST
Above or Below the Wrist, Clarice?
A ferocious morning bounce off the first test by price of the 50-day simple moving average for the S&P 500 Index since last November is putting bears back on the defensive. Simply put, this market has been unable to stay down for very long at all. Thus, there is a premium placed on being open-minded and nimble enough to adjust with the tape. ...
27Mar10:51 amEST
Make My Pullback a Bearable Trip
For whichever reason, India seems to get lost in the shuffle among the allure of emerging markets. Typically, China, Brazil, even Russia get plenty of play among traders when their markets are hot. But the recent rally in India seems to be under-watched, if not outright under-appreciated. Inside Market Chess Subscription Services, we are all...
25Mar3:20 pmEST
Weekend Overview and Analysis 03/26/17 {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...
25Mar3:17 pmEST
Saturday Night at Market Chess Cinemas
Mutiny on the Bounty (1962) was on Turner Classic Movies earlier today. Watching the film again reminded me that it will probably be lost in the shuffle as one of Marlon Brando's more overlooked performances. But that is a shame, since it is not only a quality work in its own right but also details a fascinating real-life historical series...
24Mar1:47 pmEST
Towards the Horizon
Looking out to next week, Treasuries are coiling above the key $120 level here on the TLT ETF, seen on the daily chart, below. Should they break over the highlighted consolidation next week, it may give bears some ammunition to bring equities down some more in a standard "risk off" short-term environment. As for today, the action remains...