Monthly Archives: October 2019
Showing articles 31 - 34 (34 total)
02Oct3:18 pmEST
Small, Big
It is difficult to overstate just how significant of a must-hold area the small caps are currently probing. On the way down, there were several spots we flagged which bulls would have preferred seen hold valiantly. But that is a much different scenario than a price area on IWM (ETF for the small-cap Russell 2000 Index) which simply must...
02Oct11:11 amEST
Catch and No Release
Biotechnology stocks, gauging the IBB and XBI sector ETFs, have been weak for a while now, even before growth stocks and then the major indices began to buckle of late. Thus, even as the Dow is off by 400 points here, when we see XBI flipping green this morning after its latest dive lower on unusually heavy sell volume for a week and a half...
01Oct3:29 pmEST
So Close You Can Almost Taste It
Quick note into the bell here as the Nasdaq tries to offset small cap damage today: Note how exhausted the U.S. Dollar looks today, clearly short-term overbought on the UUP ETF daily chart (UUP is simply the U.S. Dollar versus a basket of developed economies' currencies). As you know, the Dollar and gold often have an inverse relationship, but...
01Oct11:07 amEST
Manufactured Chop
Weak ISM manufacturing data figures to have been the culprit to reverse a strong open in the IWM as well as the market at-large this morning. As I write this, the small caps are now slightly in the red on the day, setting up another test of mettle in terms of whether dip-buyers have the gumption to step back into what remains a notably choppy...
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.
