Trading Ideas
Showing articles 101 - 120 (5330 total)
17Nov2:58 pmEST
Ponder This Over a Drink or Ten This Weekend
While fund managers chase the likes of Microsoft (with a forward PE of almost 29 and a $2.77 trillion market cap) on a daily basis into year-end, you will note the uranium mining sector ETF (URA, below on the monthly chart) has been in a bear market for over a decade now. Uranium stocks have been clearly out of favor, with most fund managers...
16Nov1:00 pmEST
Walmart Doesn't See Such a Soft Landing
Of all the firms to ignore regarding the pulse of working class consumer, WMT seems like it should be last on that last. And, yet, despite the firm cautioning in front of the holidays , the broad market is not exactly crashing despite flashing red as I write this. On the quarterly chart for WMT, below, the long-running bearish RSI...
13Nov10:44 amEST
Emerge or Diverge
Besides the Dollar, to my eye to most compelling divergence to equities we are seeing remains rates remaining stubbornly high. This flies directly in the face of bond bulls declaring an end of the bond bear market, as rates ought to be cratering if The Fed truly were done hiking rates in a disinflationary environment. But as you can see on the...
10Nov2:59 pmEST
We All Gotta Get Along
A Friday ramp is more than negating the selloff yesterday from a spike in rates, coupled with Fed Chair Powell's hawkish remarks. Bulls are returning to the playbook we have seen throughout this year, essentially, of jamming mega caps like Microsoft higher and semiconductors, overall (the latter of which saw a massive fade in yesterday's...
09Nov12:18 pmEST
Waiting to Pull Out the Big Gun
Notable weakness in the biotechnology sector ETFs, IBB and XBI, is spreading to Cathie Wood's ARKK ETF and even the small caps in the IWM at-large, so far today. In addition, the regional banks in the KRE ETF are below the key $42 level as we speak. However, that weakness is being offset by persistent strength in the semiconductors, with...
08Nov12:07 pmEST
The Lines, Chico...They Never Lie!
The S&P 500 is still negotiating the 4380 area, as seen below on the updated daily chart. This remains a level we have been observing with Members, even before the sharp rally over the last week and a half or so, with the light blue line, horizontally, remaining a constant on my chart. As they say, the lines, chico, they never lie . While...
07Nov1:28 pmEST
Plant the Flag Here
We have a mixed bag in the markets today, another in a long line of those in 2023. Nasdaq names are doing the heavy lifting, with the likes of an earnings winner like DDOG way out in front. Meanwhile, small caps are red as I write this, with the regional banks (KRE ETF, daily chart, below) checking back to last week's breakout from prior...
06Nov11:15 amEST
All You Can Eat, Baby
It truly is astonishing just how quickly of a consensus was reached last week, spilling over into the weekend, amongst market players and pundits that a year-end holiday rally is a cinch. Mind you, as we speak it is only early-November. And, yet, the price action into year end has been declared a can't-miss rally both in stocks and bonds. On...
05Nov9:15 amEST
Weekend Overview and Analysis 11/05/23 {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...
03Nov12:34 pmEST
My Vision Differs From Yours
It has been an epic squeeze-fest this week, with the badly beaten-down small caps getting plenty of action to the upside. As unpopular as it may feel and be, part of my job description is often relaying objecting analysis in the face of overwhelming emotions of any given moment in the market. What that means is many folks will have a love/hate...
02Nov2:17 pmEST
Plenty of Hot Tips Out There
Whether it concerns seasonality, the Treasury's recent refunding announcement, The Fed being done hiking, Israeli/Hamas, or anything for that matter we have plenty of hot tips circulating as to why it will all be bullish for markets. And with equities rallying every single day this week bulls are back to feeling their oats. All of this is...
01Nov3:08 pmEST
A Dreary Landing, One Way or the Other
On this post-FOMC/Powell presser squeeze, it appears as though the S&P 500 Index, below on the updated daily chart, has a rendezvous with its 200-day simple moving average (yellow line, arrow), testing it from the underside. The Nasdaq is the leader of today's move, while small caps lag behind. While the market cheers Powell playing both sides...
31Oct3:04 pmEST
They Did it All for the Glory of Love
While equities here stateside are mostly ignoring the Dollar/Yen surging past 151 today, we still have a busy week ahead of us with the FOMC tomorrow, AAPL earnings Thursday evening, followed by the jobs report on Friday. On that note, did the Bank of Japan really tweak their infamous Yield Curve Control policy out of love? I see yet another...
30Oct1:14 pmEST
Well, I Got Some Moves I Can Make Here
Bollinger Bands, the eponymous technical indicator named after its creator, John Bollinger, are "pinching" on the monthly chart for Cathie Wood's ARKK ETF, seen below. For most of this year, I have held SARK, a bear ETF for ARKK, with Members in the service. It is now one of my best performing positions in a year with tons of outliers for me. ...
29Oct10:47 amEST
Weekend Overview and Analysis 10/29/23 {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...
26Oct12:24 pmEST
Here's the Punchline: The Selling is Still Orderly!
With the Nasdaq Composite Index finally (finally!) losing its 200-day simple moving average today, at least so far, every single stock index is below its 200-day m.a.. This circumstance typically begets more selling, not unlike on the way up the buying led to more buying which is a consequences of system/automated trading strategies. That...
24Oct11:46 amEST
Remember Me: Benny Blanco from the Bank?
Much like Benny Blanco from the Bronx , this failed bounce in the regional banking sector ETF (KRE, daily chart, below) looks to have come home to roost for bulls. Specifically, with all that is going on in the world, and in other markets besides equities, it has been quite easy to assume the worst is over for the vulnerable regional banks....
23Oct2:56 pmEST
Some Days it Rains
A mixed, slow tape in front of what should be a week which picks up speed into some major earnings reports has me taking care of some personal business today more than anything else. In light of the Major League Baseball playoffs in full swing, I am reminded of the great film, Bull Durham (1988), and to paraphrase the quote, "Some days you...
22Oct12:19 pmEST
Weekend Overview and Analysis 10/22/23 {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...
20Oct11:19 amEST
The Granddaddy of Them All
The big Wilshire 5000 Index, below on its daily timeframe, tracks every single stock traded in America, weighted by market cap. After a bounce off the 200-day simple moving average (yellow line) earlier this bounce, we are on track to see the Wilshire close back below the 200-day into the weekend on this options expiration Friday. This is all...
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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.
