Monthly Archives: March 2023
Showing articles 1 - 10 (30 total)
31Mar11:44 amEST
Don't Let the Door Hit You on the Way Out, Q1
I, for one, am thrilled at the prospect of the calendar flipping to April and the second quarter of trading kicking off next week. Q1 for 2023 featured, after an initial squeeze to kick off the new year, endless head-fakes, whipsaws, range probing and the like. Headed into this year with Members, my view was that January into even mid-February...
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}
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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...
23Mar3:03 pmEST
Tough Markets Don't Last; Tough Traders Do
In late-2008-early-2009 I can honestly say I expect the violent, random price swings we saw because we had already crashed in October 2008 and I thus expected tons of "aftershocks" from a broken market trying to eventually heal itself. This first few months of 2023, however, feels much more like the lingering slush of liquidity from the...
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...
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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.
