Trading Ideas
Showing articles 241 - 260 (5330 total)
12Apr11:46 amEST
New Buyers Late to the Station
While the CPI came in cooler than both I and the market expected, leading to an initial pre-market futures rally, semiconductors led a reversal lower off the open which is largely sticking as I write this. It is often said that markets which fails to hold rallies off "good news" are increasingly bearish, which means whether we get a recover or...
11Apr11:36 amEST
Find Where the Bodies Are Buried
With a whopping forward PE for 145, Snowflake is melting this morning in an otherwise mixed tape in front of tomorrow morning's CPI inflation print. However, SNOW is part of the suddenly lagging software sector, including CRM MSFT notable Dow laggards in the early going. Bulls will argue this is merely prof-taking after a strong run for MSFT,...
10Apr11:22 amEST
Still Looking for a Bear Trap in Rates
Color me firmly in the contrarian camp regarding two views which have increasingly become mainstream. The first being the death of the Dollar, or "de-Dollarization." The second being that rates have peaked and The Fed is more or less done hiking as inflation collapses. I am on the other side of both of those views. First and foremost, while I...
09Apr8:58 amEST
Weekend Overview and Analysis 04/09/23 {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...
05Apr11:41 amEST
The ARKK is Taking on Water
I am still short ARKK via a long SARK play. And as you can see below on the updated daily chart Cathie Wood's growth stock buffet is at risk of support trend and the key $38 level. Given the Nasdaq rally in Q1, the ARKK weakness is all the more concerning to the bull case. Going forward, I continue to look for another meaningful leg down in...
04Apr9:26 amEST
No Rate Cuts Without Calamity
After the spike up in crude oil so far this week, let us also remember that winter is behind us and summer driving season ahead. UGA, the ETF for gasoline futures, has been quietly flagging on the monthly timeframe, seen below. If this flag uncoils higher say, above $70, as we see gas prices rise nationwide I have a hard time seeing even this...
03Apr10:51 amEST
Oil Up, Tesla Down; New Quarter of Attack
"Get up. Dust off. Reload. Re-calibrate. Re-engage – And go out on the attack.” – Jocko Willink Just in time for the new month and quarter (funny how that works), OPEC+ meaningfully slashes oil output to send crude prices higher. Oil services names like RIG, which started off 2023 red hot before cooling off amid the tech rally, are back at it...
02Apr10:07 amEST
Weekend Overview and Analysis 04/02/23 {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...
30Mar12:10 pmEST
Sugar Coated Rally Mountains
The great sugar bull market continues, as illustrated by the thinly-traded SGG ETN monthly chart pruning fresh highs, below. With sugar on a tear it is tough to see inflation collapsing anytime soon, especially given the ubiquity of sugar in the modern American lifestyle. But as we wind down the first quarter of trading that has not yet...
29Mar10:41 amEST
Another Round
Amid higher rates we have stocks showing an appetite to gobble up just about anything, including some alarmingly negative commentary out of Micron last evening. Of course, with MU up 6% as I write this, not to mention LULU surging higher after earnings, bulls are feeling their oats again and calling for an imminent melt-up. As we have noted,...
28Mar12:22 pmEST
Mid-Caps Are So...Mid
via UrbanDictionary.com mid Used to insult or degrade an opposing opinion, labeling it as average or poor quality. "We waited on that album for 6 months but it was mid!" Mid-cap is the term given to companies with a market cap (capitalization)—or market value—between $2 billion and $10 billion. They are housed in the oft-overlooked...
27Mar1:24 pmEST
The Old Priceline is Negotiating the Current Price Line
Lost in the shuffle of the super resilient strength in the likes of AAPL GOOG META MSFT NFLX NVDA of late has been BKNG, a holdings company which owns Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. The dynamic suite of popular, online consumer booking websites and apps has been a monster...
25Mar12:03 pmEST
Rethinking the Oil Trade 03/25/23 {Video}
Please click here for more details about joining Market Chess Subscription Services for plenty of other features, as well. Also, be sure to check out recent, verified Testimonials about the service by clicking here . Thank you for watching. Good luck trading this week.
24Mar11:08 amEST
That's the Story of Bifurcation
bifurcation noun bi·fur·ca·tion ˌbī-(ˌ)fər-ˈkā-shən 1 the point or area at which something divides into two branches or parts : the point at which bifurcating occurs 2 the state of being divided into two branches or parts : the act of bifurcating Stocks continue to operate in a bifurcating world, with the likes of NFLX green...
23Mar10:34 amEST
Winter or Spring for Oil?
The calendar may have flipped to springtime, but with respect to crude oil's recent descending triangle bearish breakdown (seen below on USO ETF daily chart, which we previously highlighted in real-time both here and with Members) the issue is whether it is still just the beginning of winter for oil or not. $62/$63 was our key breakdown level,...
21Mar3:22 pmEST
The Dow: Invert the Problem, and Pattern
“Invert, always invert: Turn a situation or problem upside down. Look at it backward. What happens if all our plans go wrong? -Charlie Munger In front of the most uncertain FOMC's in quite some time tomorrow, insofar as what The Fed will actually do and say, or choose not to do and say, as well as the updated dot plots, equity bulls are...
21Mar10:14 amEST
Rates Should (Still) Be Headed Much Higher
*U.S. FEBRUARY EXISTING HOME SALES SOAR +14.5% TO 4.58 MILLION; EST. +5.0 TO 4.19M; PREV. 4.00M The above red-hot data which just hit the tape reinforces just how menacing inflation is this regime, despite how many bond bulls continues to harp on the banks and what they perceive to be a looming dovish Fed tomorrow and beyond. Even though the...
20Mar10:32 amEST
Even Swiss Bankers Have Lost Their Mystique
Swiss bankers, once regarded with a ton of mystique and for having a certain gravitas internationally, made headlines for the wrong reasons this weekend given the shotgun wedding deal between UBS and troubled CS, all while The Swiss National Bank backstopping. We also had the developed economy central banks around the world, including The Fed...
19Mar1:45 pmEST
Weekend Overview and Analysis 03/19/23 {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...
16Mar10:53 amEST
We Didn't Go to Stock Market Hell
...we went to Purgatory, my friend! Depending on your positioning, timeframe, bias, and temperament, it may very well seem like this stock market has gone to Dante's Hell. However, the reality is that an objective look at the major averages mostly suggests Purgatory for now--The Dow, S&P, and small caps are all below their 200-day moving...
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.
