Trading Ideas
Showing articles 281 - 300 (5341 total)
03Mar10:06 amEST
It's Tough to Conquer Even Aging Empires
Bulls are feeling their oats again this morning, using the Bostic-led squeeze intraday yesterday afternoon to fuel a test of 4000 on the S&P 500 Index this morning. Rates on the 10-Year also dipped below 4% but are climbing back above that threshold as we speak. Without question, years and years of endless dip-buying being rewarded by easy...
02Mar10:53 amEST
It's the Rate of Rates That'll Give You the Blues
Eric Johnston and Katie Stockton, two of the sharper people on Wall Street these days, have been fairly steadily bearish on risk assets amid rising rates this cycle. But even they recently came out in CNBC interviews and seemed to be apprehensive about the idea of rates going much higher from here. But that's just it: The risk continues to be,...
01Mar10:52 amEST
It's Pretty; It's So Pretty
While equities toy with the 3940/3950 support zone on the S&P 500 Index, which of course coincides with the 200-day simple moving average, we have rates on the 10-Year Note hitting 4% once again this morning. Further, while the Dollar had a soft overnight session we have the greenback firming up as we speak. But turning back to rates, the...
28Feb11:06 amEST
Circus Price Discovery
In sports it is often said that a team eventually reflects its leader/coach in terms of personality, grit, temperament, or lack thereof. Perhaps the same can be said of markets and a given Fed Chair, especially given the prominent role of The Fed since the global financial crisis in 2008. With this in mind, markets sure seem to be reflecting...
27Feb3:17 pmEST
Poking, Probing, Backing, Filling...Burning!
Another gap up and eventual fade (so far into the final hour) is hallooing the mental toughness of just about every trader involved at this point. I specifically designed Market Chess Subscription Services as a reasonable alternative to the vast amount of services/chat rooms out there riding the emotional roller coaster of a market like this,...
26Feb8:52 amEST
Weekend Overview and Analysis 02/26/23 {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...
24Feb10:44 amEST
Inflation and PE Ratios High While the Market's IQ is of a Mothball
A brief survey of the action this morning in the wake of the hot PCE print has bulls thinking it is yet another in a long line of, "What, me worry?!" dips to be bought. Indeed, if the 0DTE call options buyers step in with force and rip us back towards 4000 on the S&P 5000 Index (updated daily chart, below) by day's end it would not surprise too...
23Feb10:43 amEST
NVIDIA Versus Netflix, Who You Got?
With NVDA surging after an AI-pumped earnings while Netflix is slumping hard after a subscription price cut, the easiest/smart aleck thing to retort is, "Who cares, Chess? They can both go their separate ways--That's what makes a market." However, in case you have not noticed correlations have been running tightly for a while now, with the...
22Feb4:21 pmEST
Stock Market Recap 02/22/23 {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...
22Feb11:02 amEST
Spill or No Spill, Norfolk is Spilling Over
At times the market can have a rather grim form of even gallows humor. Back on 9/11, equities were already in an established bear market, including the airlines. Clearly, 9/11 exacerbated the selling, especially airlines. Back in April 2010, shares of RIG were already beginning to wobble a bit before the Deepwater Horizon oil spill. And now...
21Feb3:22 pmEST
Still Orderly...For Now
Although today's selloff seems like it caught some bulls by surprise it also mirrors quite a few of the selloffs we saw in 2022 insofar as being more of the orderly variety, lacking in true explosiveness to the downside. As a bear market matures, however, the odds of the selling intensifying pick up, especially in light of the big rally we...
21Feb10:45 amEST
The Market Chess Crew Takes on Steroid Roy
Dip-buyers have been in "Steroid Roy" mode for over a decade now, raging into any dips, crashes, corrections to risk it all and sprint the tape back higher. However, seeing Professor Jeremy Siegel on CNBC this morning lamenting the resilient economy as being much stronger than he expected drives home the point we are now in a new regime, as...
20Feb10:32 amEST
Weekend Overview and Analysis 02/20/23 {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...
16Feb10:15 amEST
Multiple Counterattacks
After a hot PPI report this morning stocks are lower and rates are higher. As usual, the roadmap for bears to launch a successful counterattack here is predicated on them, first and foremost, decisively breaking and holding price below 4100 on the S&P 500 Index. After that, we can begin to look for follow-through lower most likely after options...
15Feb10:34 amEST
Off the Mat and Looking Good
Equities continue to go through periods of drifting up or sideways, as they have done this morning since an opening bell push lower, and then periods of reversing all over the place intraday to the tune of 1-2% in recent sessions. I view that type of price action, especially after a prior rally, as presaging a looming major reversal to the...
14Feb4:53 pmEST
Stock Market Recap 02/14/23 {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...
14Feb10:43 amEST
Two Words: Violent Indecision
We can look at charts and price levels all day if we want. But there is indeed something to be said for properly ascertaining the nature, tone, and tenor of the price action itself. And when we do, you will note the uptick in random price swings, fades both ways, and general indecision of late. Bulls seem cocksure on a nonstop short squeeze...
13Feb10:41 amEST
Officially Time for a New Decade
Although we are a few years into the current decade it seems like a new regime change continues to develop even though many deny its staying power. Specifically, for all but the highest net worth people in America it is highly likely that folks with money invested in markets will face tough decisions ("first world problems," as they say) as to...
12Feb9:25 amEST
Weekend Overview and Analysis 02/12/23 {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...
10Feb12:20 pmEST
The Ol' Head-Fake Jump
While bulls argue the last few days of weakness is yet another buyable dip and a benign consolidation after the one-way rally since 2023 began, when we examine, for example, the ARKK daily chart (below), there are more concerning items in play. First and foremost, Cathie Wood's growth stock fund is still sporting a declining 200-day moving...
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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.
