Late Night Strategy
Showing articles 1 - 20 (26 total)
11Nov12:33 pmEST
Market Chess Prices Are Going Up
Effective January 1st, 2023, prices for Market Chess Subscription Services are going up across the board. This will actually be the first rate increase since the service started. In the eight years (to the date!) since I launched Market Chess, I have held off on raising prices. However, with all of my vendors (video capture, filming,...
01Sep9:24 amEST
Yes, the Bond Market Can Crash
This is worth a re-post, especially in light of the summer rally in both stocks and Treasuries. I am re-posting this not to "pile on" to the recent weakness in TLT (as rates go back up) but rather to reinforce my view that a bond market crash/swoon/substantial move lower from here as rates go higher is absolutely on the table if rates...
17Jun11:15 amEST
A Possible "Home Run" Trade Idea
Back on December 27th, 2021, I sent out the following video in an email to VIP Members inside Market Chess Subscription Services. In the VIP service, we focus on long-term investing plays and strategies, as well as the occasional special situation like the one I outlined below for Treasuries. At the time of this video, TLT was trading at...
02Jan11:10 amEST
Verified Testimonials About Market Chess Subscription Services
With the new year underway, this is a great time to get your trading mindset in the right place. There is no better place to do that than inside Market Chess Subscription Services, where we pride ourselves on delivering value to the Members with actionable ideas, timely (and apolitical) market commentary, a focused atmosphere, and disciplined...
19Oct2:56 pmEST
PRINT VERSION AVAILABLE NOW! My Book, "A Street Smart Guide to Modern Sports Betting"
I know that quite a few of you have been patiently waiting for the paperback version of my new book to be released. Well, that day has come. This book appeals to beginners through experts in sports betting. CLICK HERE TO BUY IT NOW! Thank you to those of you who bought the Kindle version, and for the excellent feedback. If you so choose,...
08Aug10:52 amEST
COMING SOON: My Book About Sports Betting
I am pleased to announce that I am in the final stages of finishing up a side project that I have been working on for quite some time. As you know, sports betting has taken off across the country with a domino-like effect of various state legalizations. The reality is that the ubiquity of sports wagering will only become more prominent in the...
19Dec12:34 amEST
Late Night Strategy for Friday
On the latest push lower in the precious metals miners this month, the junior gold miners in the GDXJ ETF (daily chart, below) actually lagged the senior miners in the GDX ETF. Typically, that is a bearish sign of "risk off" in the complex, with the presumption of another leg lower in the space imminent. However, precious metals miners have...
18Dec12:19 amEST
Late Night Strategy for Thursday
One thing is for sure with this market--You had better be precise with your stock and industry selection. As an example, within the consumer discretionary space we have the major casinos essentially crashing, in LVS MGM WYNN, while the major cruise lines look as bullish as any group of charts around, CCL (first chart, below) NCLH RCL. As I...
17Dec12:30 amEST
Late Night Strategy for Wednesday
After a nice breakout to new all-time highs, I believe Wal-Mart could easily be setting up as a quick short. On the daily chart, below, note the blue lines indicating a tight range of late below the the 20-day simple moving average. On weakness, WMT is likely to breakdown further and at least test its 50-day moving average. A move over $85,...
16Dec12:25 amEST
Late Night Strategy for Tuesday
SHW, seen on the daily chart below, illustrates that even the strongest issues in the market are hanging on for dear life. Note the highlighted rising channel price has enjoyed climbing of late, but recently struggled to maintain. I view a move back under $245 as representing a short trigger to play for a well-defined channel breakdown. I...
15Dec12:12 amEST
Late Night Strategy for Monday
Futures are pointing towards a bounce in the market. If that holds, SONC is a long idea on strength over $27.50. On the first daily chart, below, the fast food play has been in a potent uptrend for a while now, basing well above all major moving averages. But if the broad market bounce fails to hold and the selling resumes, then I still think...
12Dec12:28 amEST
Late Night Strategy for Friday
In addition to casual dining plays like RRGB TXRH, in the software space keep an eye on RUBI as another long idea on strength. If the IPO from last April can clear $15, seen on the first daily chart below, combined with a broad market which cooperates, I would look for a breakout higher. But if we see broad market downside follow-through to...
11Dec12:46 amEST
Late Night Strategy for Thursday
On the long side, BKW is back in contention after Wednesday's stunning outperformance to the bloody market sell-off. On the first daily chart, below, a move back over $35 can trigger a long starter position, especially if the broad market is in bounce-back mode. And on the short side, extended airlines like UAL printed exhaustion candles, seen...
10Dec12:20 amEST
Late Night Strategy for Wednesday
If the broad market follows-through higher or acts constructively after Tuesday's upside reversal, then MIDD UTHR are two actionable long trading ideas on further strength. On their respective daily charts, below, note the orderly price consolidations within the context of overall uptrends. Another push towards recent highs makes the threat...
09Dec12:24 amEST
Late Night Strategy for Tuesday
Futures are soft overnight, though we know this bull market has a long history of flipping them green before the bell. Still, it is tough to ignore the technical damage sustained in many premier issues in the Nasdaq Composite Index of late. I am thus sticking to the inter-market, opportunistic and nimble approach, in lieu of heavy directional...
05Dec12:28 amEST
Late Night Strategy for Friday
Now that natural gas is back to being hated and very oversold, seen below its lower Bollinger Band on the UNG ETF daily chart below, I am considering a long UGAZ trade again if we see a gap lower on Friday morning. This would be a rare knife-catch for me. But I believe it may be worth the effort, with a firm stop-loss, given the sharp decline...
04Dec12:13 amEST
Late Night Strategy for Thursday
In addition to ACHN, let's keep BLUE on watch, seen on the first daily chart below, as one of the better-looking biotechnology technical setups for a long idea over $43. Both ACHN and BLUE have been basing nicely of late within the context of uptrends. And on the short side, I still have my eye on the XLE, energy sector ETF, especially if the...
03Dec12:32 amEST
Late Night Strategy for Wednesday
IRG, owner of Joe's Crab Shack and a few other restaurant chains, is a forming a potential long base bottom, seen on the daily chart, below. In addition to the technically-sound charts n the casual dining space, namely BJRI FRGI RRGB TXRH (also casual/fast food plays BKW BLMN KONA JACK SONC), IRG may be a long play here if the stock pushes up...
02Dec12:02 amEST
Late Night Strategy for Tuesday
On the long side, let's stick with RRGB with a $70 trigger above as a setup to squeeze shorts in this low-floater. The causal dining plays have shown relative strength of late. And this one looks as set-up as any of them. And on the short side, if Intel and the semiconductors are truly acting toppy here, then I have my eyes on the levered...
30Nov11:51 pmEST
Late Night Strategy for Monday
Futures are soft, and there are several reasons I outlined in my Weekend Market Film Session to be cautious. Nonetheless, if the holiday rally ensues I am still eyeing the casual dining space. BLMN has an improving chart, seen on the daily timeframe, below. Also watch KONA for another entry over $25.80, but be aware it trades thinly. And on...
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“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.
