Monthly Archives: October 2020
Showing articles 31 - 40 (44 total)
09Oct12:03 pmEST
Buy the Rumor, Buy the News; Buy All the Pies There's No Surprise
A particularly optimistic rally this week (although some would argue it is merely "chasing" longs higher) is all the more impressive when we consider the expected-but-still-in-limbo passage of an imminent Stimulus Deal and/or lower odds of a contested election in a few weeks, not to mention a looming new earnings season next week amid a second...
08Oct2:03 pmEST
One for the Crypto Bros
While I remain more bullish on gold, silver, and the precious miners, not to mention non-precious base miners and now deep value oil stocks over the long run if we are indeed headed into a new inflationary regime, it is hard not to notice Bitcoin's and the several crypto-related stocks moving sharply higher today. I would be remiss not to...
08Oct10:57 amEST
Avoid Political Sheep-Think
Let us suppose, for argument's sake, that the current polls are mostly accurate the time around and that we are, in fact, looking at a "Blue Wave" on Election night, with Democrats taking the White House by a sound margin as well as most of the Congressional seats up for grabs. If that materializes, from a stock market point of view the most...
07Oct3:56 pmEST
Is That Jinko or Jenga?
It takes some serious onions to consider shorting individual solar stocks here in size, what with their relentless upside momentum likely in anticipation of a "Blue Wave" come Election night which eventually leads to a version of a Green New Deal. We can debate politics from now until kingdom come, but that is what the solar space seems to be...
07Oct11:15 amEST
Backroom Deal Mystique
The current market cycle we have been in since the late-March lows continues to be as forgiving to bulls and blind dip-buyers as virtually any stretch I can recall in modern Wall Street history. Not only are we seeing equities broadly snap back off President Trump's selloff-spawning tweet yesterday about a Stimulus Deal being on the shelf until...
06Oct4:29 pmEST
Stock Market Recap 10/06/20 {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...
06Oct3:14 pmEST
Survival is the Goal
Quick final hour update here in a hectic market session to note that earlier today, around 11am EST inside Market Chess Subscription Services, I sold my double-bear Treasuries bet, TBT long, as the TLT ETF was testing its 200-day moving average--You can see as much on the TLT daily chart, updated below. My long-term view that rates are going...
06Oct11:30 amEST
It's Harvesting This Autumn
We have some glaring rotation attempts taking place today, with the small caps in the IWM ETF for the Russell 2000 Index clearly leading higher for bulls. However, many other parts of the market are acting lethargically, at best, if not outright churning before a drop. These competing forces may very well persist as the market awaits word on...
05Oct3:19 pmEST
Stop Neglecting the Unpopular Kids
After all these years, what else would you expect from the fusion of Twitter and finance? Of course everything revolves around the "cool kids," or in this case, cool sectors and stocks which have been unflappable for months on end. Even minor pullback in the likes of AAPL AMZN TSLA ZM seem like an outright miracle for bears, but in reality when...
05Oct10:58 amEST
The Beginning of the End
Don't worry, it's a long novel. That said, this is the beginning of the end of the great bull market in Treasuries since the early 1980s, after Paul Volcker intrepidly fought the back off a vicious, long-lasting inflation in American history. I am growing more bold by the day now that I see actual price action supporting my various views on...
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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.
