Monthly Archives: September 2021
Showing articles 31 - 40 (43 total)
10Sep11:20 amEST
Next Train to Somewhere
The sheer amount of indecision in the market action of late is likely a reflection of internal competing forces. On the one hand, the market is aware of supply chain disruptions in the economy, but has not had a full-blown reckoning of it and has come nowhere close to acknowledging how lasting it may be. The market is aware of the intense...
09Sep4:31 pmEST
Stock Market Recap 09/09/21 {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...
09Sep10:25 amEST
Out in Front of It
President Biden is set to address the nation at 5pm EST tonight regarding the Delta variant. CNBC just reported that he will mandate federal workers get vaccinated, with no option for testing anymore. Basically, get the vaccine or get lost. Needless to say, you do not need me to offer up an opinion on politics. In this day and age, especially,...
08Sep3:44 pmEST
A Simple Test Before a Night on the Town
Considering how late we are in this earnings season, tonight is a fairly stacked lineup of interesting names, be it GME LULU RH, even HQY. And while I doubt any one of those tickers moves the market, the reaction to GME, perhaps, could be indicative of whether underlying risk appetite for this rocky tape still remains strong or, instead, is...
08Sep10:59 amEST
Finding Vulnerabilities
In a seemingly invulnerable, one-sided market, the only chance bears have, is in finding a slight opening and exploiting it with full-blown aggression. As it stands now, we know how early it truly is both in today's session and overall with where we are in the bull run to make any presumptions about a market top, let alone a standard...
07Sep3:44 pmEST
Someone Needs to Set Up a Spite Store Next to Big Tech
Although not an overly busy week coming off the holiday, in terms of earnings and macro data, we do have COUP SMAR reporting tonight, followed by the likes of GME LULU and RH, then AFRM ZS KR later in the week. The take-home message today was that even though small caps reversed down noticeably off their morning strength to dovetail with the...
07Sep10:37 amEST
Someone Will Be Exiled
Rates are moving higher this morning, which at the moment seems to be mildly concerning for the market but nothing creating any real fear, since AAPL FB GOOGL and TSLA are all higher as I write this. That said, if rates trend higher throughout this post-Labor Day period in September, it should eventually show some wear and tear and high...
06Sep7:46 amEST
Labor Day Overview and Analysis 09/06/21 {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...
03Sep9:53 amEST
Warning: Bond Market Vigilantes Are Coming to Collect
After spending the spring and summer lulling just about everyone back to sleep, no one could be faulted for forgetting about the spike in rates last winter which coincided with a sharp correction in growth stocks as high multiple names finally faced some type of scrutiny form the marketplace. However, when we gauge the TLT weekly chart...
02Sep3:33 pmEST
Reach Out and Touch Someone for a Swan Song
Although it is debatable which exact decisions that the 91-year old Warren Buffett himself is making for Berkshire Hathaway these days, we do know that Father Time always wins. And Mr. Buffett is clearly smart enough to know jus that. Thus, before as the time for his swan song approaches, rumors are swirling that he is interested in shares of...
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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.
