Trading Ideas
Showing articles 201 - 220 (5330 total)
15Jun1:30 pmEST
No Excuses, But No Crying Either
Being way too early equals being wrong in this lonely (at times) business. But each time I have reassessed my view on equities I arrive at the same conclusion--The current rally is in its final inning before we head into the post-June options expiration period where overall liquidity faces several bearish headwinds throughout the summer into...
14Jun4:46 pmEST
Stock Market Recap 06/14/23 {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...
13Jun1:10 pmEST
Why Was I Born Handsome Instead of Rich?
Here it is: Daily melt-ups and a one-way tape amid bad news, good news, neutral news altogether. Sentiment assumes a bull market is here and new highs are inevitable, in the bag and a forgone conclusion. If you wanted to be a contrarian and look for a primo, type A short setup, this would be it. I, myself, certainly did not expect The Fed to...
12Jun3:10 pmEST
Soft or Hard Landing?
I know what equities are saying today and of late--clearly in favor of a soft landing, goldilocks scenarios where inflation recedes hard but the economy stays intact--but what of crude oil? Even with the OPEC+ seemingly bullish news in recent weeks to cut supply we have black gold selling off hard today, as seen on the USO ETF daily chart,...
11Jun11:36 amEST
Weekend Overview and Analysis 06/11/23 {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...
09Jun11:54 amEST
Pause?! You're Talking Pause?
The consensus among economists on The Street headed into next week's FOMC is now that The Fed will pause its rate hiking regime and see how things shake out, hoping for the best of a "soft landing." Meanwhile, back in the real world, gasoline prices have gone virtually straight up since the beginning of May (see UGA daily chart, below, the ETF...
08Jun11:11 amEST
Bears Are Taking Their Summer Shots Here
It is still, for the most part, a week of consolidation so far on the major averages in front of what I expect to be a more action-packed week next week (CPI, FOMC, OpEx, etc.). In the meantime, do not overlook the following three Dow components' weakness, DIS NKE TRV, as all three, on their respective daily chart, below, are currently bear...
06Jun12:36 pmEST
The Final Stage of Bifurcation
Small caps, China names, regional banks, biotechs, and especially retail stocks (the latter, below, on the XRT sector ETF daily chart) are all leading the action higher so far today amid flattish action on the senior indices. What those leading groups today have in common, of course, is that they have been glaring laggards for a good while now...
05Jun2:04 pmEST
An Apple Event a Day Keeps Reality Away
We have WWDC kicking off today, and shares of AAPL are in focus again and grabbing most of the headlines, even amid the OPEC cut and oil trying to get a little something going from beaten-down conditions. With a forward PE north of 27, especially considering the firm's sheer size, Apple is clearly not a value stock despite Mr. Buffett being...
04Jun9:40 amEST
Weekend Overview and Analysis 06/04/23 {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...
02Jun10:26 amEST
The Pause That Wouldn't Refresh Anything
A strong jobs report for May is sending the Dow and a bunch of sectors which have been lagging higher with rates and the Dollar. Meanwhile, tech, biotech, ARKK, and chips are mostly red as bulls continue to look for a "pause" in the rate hikes from The Fed later this month at the June 14th FOMC. Bulls also argue, alternatively, that even if...
01Jun11:29 amEST
It's Only Degeneracy When Charlie Munger Says it Is
I must say that I find it a bit rich (richer than a Dairy Queen Blizzard, indeed) to see a slew of articles in recent months with an, "aw, shucks" vibe about Charlie Munger's "Alibaba Mistake and how to learn from it!" In particular, Munger has been a sharp-tongued--unforgiving and even downright--critic of most things speculative, be it...
31May10:51 amEST
Check the Forecast Before Any More Bookings
Booking Holdings (BKNG), below on the daily chart, actually printed new all-time highs just two weeks ago. Since then, as you can see, the stock has headed straight downhill. Formerly Priceline.com, Booking has clearly been a monster winner since 2009 as one of the poster children for a QE/ZIRP world, and then the "stimmies" of the pandemic...
30May10:48 amEST
The Same Battlefield Formation
Surprise, surprise. Chips and NVDA are leading the charge higher, while small caps, retail and China names (KWEB ETF, e.g.) are all red as I write this. We have profiled these divergences quite a bit lately. And I recognize that tech bulls are simply responding with a, "So, what?" view to the whole deal. But my view that the move in NVDA and...
28May11:09 amEST
Weekend Overview and Analysis 05/28/23 {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...
25May10:37 amEST
Where There's Smoke, There's...Divergences
Another day, another session of glaring divergences which bulls are clearly mocking due to shares of NVDA launching a rocket to the moon and trading about 25% higher as I write this. Still, small caps in the IWM ETF are down by nearly 1% right now after shedding 1% yesterday, and rates and the Dollar continue to push higher yet. High yield and...
22May1:28 pmEST
It's a Free Country, Brother
Last year I penned a blog post where I wrote that Starbucks had substantial downside. Clearly, that was wrong as the rally in 2023 as SBUX opened the year at $100.56 and went as high as $115.48 on May 1st. However, viewing the updated quarterly chart, below, as the great liquidity drain from markets has seen various long-term charts extend up...
21May10:05 amEST
Weekend Overview and Analysis 05/21/23 {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...
19May3:12 pmEST
Just When No One Believes in Them Anymore...
Just when no one believes in reversal candlesticks anymore, to the point of not only failing to care enough to mock them (and bears) but outright display apathy to them, we have big, bad, Alphabet with its AI kick sporting a glaring bearish reversal candle today after a steep rally poking above its upper daily chart Bollinger Band (below). All...
18May3:14 pmEST
There's Something About AI
More divergences piling up outside of the AI craze in NVDA GOOGL, etc.. Besides glaring weakness in China plays, we have the REITs, below on the IYR ETF daily chart, soft and threatening to continue lower as rates move higher. DRV is a more liquid bear ETF than SRS worth watching for the group. I understand it seems like "nothing matters" for...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
