MarketChess
Showing articles 5201 - 5210 (6612 total)
20Oct12:34 pmEST
The Invisible Line
A simple yet effective strategy for staying out of trouble in the market, chasing longs short-term, has been to key off the $116.15 area we observed recently on the IWM, ETF for the small cap-led Russell 2000 Index. That level has essentially been a resistance line for this rally dating back to September. Updated below on the 30-minute...
20Oct10:38 amEST
Trapped Deep Inside the Big Blue Grotto
If you have been following the series of blog posts on IBM, not much has changed from a long-term perspective: "Big Blue" remains a classic value trap and has been for several years now. The time to be bullish on IBM was back in the summer 2010, when the stock was bumping its head up against well-defined resistance all the while making higher...
19Oct5:02 pmEST
Stock Market Recap 10/19/15 {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...
19Oct2:56 pmEST
The Good News from Today's Chop
Despite headlines gravitating towards the WTW spike (the chart remains busted, despite Oprah, and looks to be much more of a short-term legendary squeeze of the many shorts caught offsides), the BLUE spike down halt, and now attempt at bouncing back, and NFLX reversing back above $100 at support, the indices are slightly red into the final...
19Oct12:16 pmEST
Right Where You'd Expect Them to Swoop In
Netlix is in the news again this morning, amid a flurry of headlines about Citron Research covering its short in the name, a partnership to enter China, and some upgrade, downgrades, and the NFLX creating original full-length feature film content. With all of this in mind, it is good to keep things simple by observing the price action. On the...
19Oct10:10 amEST
Shrugging Off the Old-Fashioned Haircut
Equities are initially brushing off an earnings miss and 5%-plus sell-off in major bank, Morgan Stanley. On the weekly chart for MS, below, note the potential for a bear flag consolidation (light blue lines), which means this morning's selling may be just the beginning of a fresh leg lower. That said, other banks seem none too worried...
18Oct3:27 pmEST
Weekend Overview and Analysis 10/18/15 {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...
18Oct11:40 amEST
Sunday Matinée at Market Chess Cinemas
This Boy's Life (1993) is a dark, at times tongue-in-cheek, character study featuring Robert De Niro, a young Leonardo DiCaprio, and Ellen Barkin. De Niro's portrayal of the abusive step-father, based on the memoirs of writer and literature professor Tobias Wolff (played by DiCaprio), is memorable for its intensity as well as striking the...
17Oct1:34 pmEST
Benjamin Franklin; History Channel Documentary
The following video is a good Saturday viewing, about one of the Founding Fathers of the United States of America. Included in his many interests are the topics of personal finance, fiscal discipline, and entrepreneurship, for which he has many memorable aphorisms.
16Oct4:02 pmEST
Stock Market Recap 10/16/15 {Video}
If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!
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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.
