Daily Archives: April 4, 2024
Showing articles 1 - 3 (3 total)
26Feb2:07 pmEST
Best Rally in a Supporting Role
For the rest of the session into the weekend, we are keying in part off the SPY 10-minute chart, below, illustrating the significance of the $195.50 area since the open today. As we speak, crude oil flipped red and is considering staying there as many parts of the market are seeing the effects of a narrow, sluggish trading session set in via...
26Feb12:59 pmEST
Quality Control Friday at the Office
After filling the opening gap on the S&P 500 Index, stocks meandered through the morning and are trying to wake up again as we speak. Some issues like CMG MCD SBUX are lagging, as are emerging markets, while financials and biotech catch a bid. The action below the surface is fairly muted, and not yet some type of broad-based vicious short...
26Feb10:51 amEST
A Slice of European Humble Pastry Pie
Calling the near-term direction of the Euro of late has required a large slice of humble European pastry pie, perhaps even more than equities, as the Euro has been resilient and featured a vast array of wicked short squeezes in recent months. We have not been playing the Euro much since last summer, but we are still monitoring the overall...
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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.
