Showing articles 1 - 20 (23 total)

31Dec12:28 pmEST

Dust Yourself Off and Start All Over Again

Don't lose your confidence If you slip Be grateful for a pleasant trip And pick yourself up Dust yourself off And start all over again As 2018 winds down, we continue to play our cards close to the vest inside Market Chess Subscription Services, and largely have since October.  But even if you have been too aggressively long (or,...

22Nov1:24 pmEST

Happy Thanksgiving from Market Chess

On this Thanksgiving Day, I am grateful for many things: Close family, true friends, and good health, above all else. Without those blessings, life loses a certain richness and depth.  I am also grateful for the broad, market mechanism regarding the way in which the internet operates in an open society. The wonderful thing about this day and...

23Nov11:37 amEST

Happy Thanksgiving from Market Chess

On this Thanksgiving Day, I am grateful for many things in my life. With respect to this site, I am particularly grateful for a core group of loyal readers and clients over the years. I have always thought that no one person would get to decide whether the work I provide was value-additive and worthy of being consistently read by a sizable...

04Jul10:51 amEST

Happy Independence Day

On this day in 1776,  the Declaration of Independence , which proclaimed the independence of the United States of America from Great Britain and its king. was formally adopted by twelve colonies after some revisions to the document.  Lost in the shuffle of barbecues, beaches, and ball games is the exhilarating story of the  Revolutionary War,...

30Dec9:40 amEST

Here's to Closing Out 2016 the Way We Will Approach 2017

Adopting and adhering to a positive mindset, while also vigilantly managing risk, is a tough combination to pull off in all forms of speculation. And when you factor in social media at the cross-section of finance, it is easy to get dragged down in the misery of others who let negativity get the best of them. After all, as they say, misery...

27Dec3:42 pmEST

What is a Ho-Ho-Ho

The Santa rally is kicking off with a drifting move higher today. The Dow is not at 20,000, but that is not making life any easier for bears who have yet to throw in the towel on their thesis.  I am looking to see if the precious miners can sustain today's bounce, too, beyond a mere one-off move. Indeed, doing so will be a bit of a change in...

23Dec9:35 amEST

Mr. Market Knows if You've Been Bad or Good

Unlike Santa Claus, though, Mr. Market does not much care one way or the other how you have been behaving. In reality, the market is what it is, and is not out to get any of us nor purposefully reward us, either. Personalizing market action and inevitable losses in trading remains a surefire way to get blown off your path.  As we wind down a...

25Nov10:35 amEST

Shop 'til You Drop on Low Volume

It is a beautiful day to eat some leftovers and throw down with strangers over discounted consumer items.  Seeing as stocks stop trading at 1pm EST today, I am not expecting much from this low volume session for which many traders did not likely bother to show up. China name CTRP is gapping up hard on news of them acquiring Skyscanner Holdings....

24Nov9:49 amEST

The Myths Around the First Thanksgiving

BBC Documentary: The Myths Around the First Thanksgiving.  If you have some time to burn before your guests come over and your food is ready to be devoured along with football, the following documentary makes for an intriguing viewing.  Happy Thanksgiving from Market Chess. Enjoy the feast and...

23Nov1:25 pmEST

You're Doing It All Wrong: How to Brine Your Holiday Turkey

Before I head in to film my usual Midday Video for Members, I will permit an off-topic post because now is precisely when you want to begin the brining process for your holiday turkey.  So, why even bother to brine a turkey to begin with? Well, in this Thanksgiving edition of Chowhound's "You're Doing It All Wrong" video series, the estimable...

30Dec5:21 pmEST

Stock Market Recap 12/30/14 {Video}

COMING SOON to Subscription Services to Take Your Trading to the Next Level; and A Full Website Redesign I am very pleased to announce that the first few months of 2015 will feature some exciting changes to this website, especially the premium offerings I have planned for traders who are serious about learning...

28Dec2:19 pmEST

Weekend Market Film Session 12/28/14 {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 12/29/2014-01/02/2015. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here

27Dec1:57 pmEST

Saturday Night at Market Chess Cinemas

The Ref (1994) is a very funny, yet underrated and overlooked film, starring Kevin Spacey, Judy Davis and Denis Leary, directed by the esteemed Ted Demme. The film did not gain too much attention when it was released. But it is a well-acted comedy, which is something not as easy to pull off as it seems. The film is set during the holiday...

25Dec11:22 amEST

Christmas Collage

Merry Christmas! On this day in 1776, General George Washington launches a gutsy attack and crosses the Delaware River with 5,400 troops, hoping to surprise a Hessian force celebrating Christmas at their winter quarters in Trenton, New Jersey. This was a pivotal moment during the Revolutionary War, cementing Washington's legacy to make the...

24Dec12:50 pmEST

Two Ideas to Consider Before Christmas Officially Begins

A few moments before the early close today at 1pm EST, keep an eye later this week an next week on AMZN as another short setup. On the daily chart, first below, note the potential bear wedge breakdown (yellow arrows) after a bull trap or false breakout several weeks back. AMZN remains a damaged chart in a downtrend for all of 2014. And on the...

19Dec3:51 pmEST

They're Not Giving Up on the V

Another V-shaped rally back to recent highs on the S&P 500 Index, seen below on the daily chart, leaves many market players in an interesting spot as we head into the final two holiday-shortened weeks of 2014. I did not do too much swing trading this week, not only due to the overnight gaps and wild price moves in both directions but also...

19Dec3:05 pmEST

Capable of a Monstrous Squeeze Attack

I still view IMAX as an explosive short squeeze candidate to the upside, especially as we head into the big Hollywood Christmas film releases. The stock remains very heavily-shorted. And observing the technicals on the daily chart, below, if the $28.70 area below can now hold as newfound support the thesis has a chance to work. In addition,...

17Dec3:07 pmEST

Guarding the Considerable Time Fortress

Markets are initially surging higher off the Fed's latest statement, as shorts into the meeting are getting squeezed quite violently. If we do see some a reprieve from the selling into Christmas, I still think Blue Nile can outperform, seen bouncing back nicely on the daily chart, below. $37 remains the trigger above, but the low float/short...

16Dec3:37 pmEST

Advice from Jimmy Conway About the Santa Claus Rally

See you after the bell for my video market recap...

09Dec1:23 pmEST

Still Cruising for a Trip Up the Nile

Dip-buyers are making their usual stand today, with small caps leading a ferocious bounce off the morning gap down and not yet slowing down. If we do get the typical bounce or drift into year-end, I still think Blue Nile can work well as a long idea in the specialty retail space. The low float/heavily-shorted online jeweler is capable of...

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