Yearly Archives: 2021
Showing articles 21 - 30 (474 total)
12Dec11:03 amEST
Weekend Overview and Analysis 12/12/21 {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...
10Dec12:24 pmEST
It's Not About Ad Hominem; It's About Res Ipsa loquitur
Res Ipsa Loquitur Definition Latin for "the thing speaks for itself." After inflation rose to a 39-year high this morning, pre-market futures cheered initially. The talking heads on some prominent financial networks applauded Jay Powell for having "won, yet again," with the implication being The Fed is not, in fact, way behind the inflation...
09Dec3:35 pmEST
What Do GameStop and Costco Have in Common?
Costco headlines a late-season earnings lineup this evening, alongside AVGO CHWY ORCL--Names which have been big winners this cycle. After last night's GME dip which held to a heavy sell volume move lower in today's cash session (daily chart, updated below), I am looking at COST in particular tonight. Throughout the last decade-plus, indeed...
09Dec10:01 amEST
This Could Be MP's "Magnet Opus"
North America's main rare earth miner, MP Materials, announced this morning that they entered a long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM’s Ultium Platform. With about a $7.5 billion market cap, MP may very well have some impressive...
08Dec3:32 pmEST
20
As you can see on the zoomed-out VIX (and Index which measures fear in the options market) daily chart, every pop in volatility since March 2020, especially, has fairly quickly receded back under the 20 level. If you have been following our work for a while now, then you know we consider the 20 level on the VIX as a Mendoza Line of sorts,...
08Dec10:58 amEST
One Final Trap Before Autumn Ends
The final day of autumn this year officially falls on Tuesday, December 21st. Before we head into the winter night, it is worth pondering whether the markets have sprung a trap or two based on the latest barrage of headlines. Did stocks overdo it to the downside in recent weeks based on Omicron fears and a hawkish Fed? Perhaps, especially after...
07Dec4:16 pmEST
Stock Market Recap 12/07/21 {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...
07Dec10:43 amEST
Gap and Go Figure
A sizable gap higher on the back of yesterday's rally, one which looks like it was shot out of a cannon on many daily short-term charts now, makes it tough to chase. To be sure, quite a few bludgeoned software names like DOCU were wildly oversold in the near-term and, thus, we should not be shocked at a relief rally given that a broad market...
06Dec3:34 pmEST
Another Great Review!
I am eternally grateful for all of the terrific feedback I have received regarding my recent book, "A STREET SMART GUIDE TO MODERN SPORTS BETTING," available on Amazon right now by clicking here . Below, the most recent review has been added to Amazon. It is inevitable that sports betting becomes increasingly legalized and accessible...
06Dec10:58 amEST
These Utes Came to Play
Value over growth. Value over growth. Value over growth... As you might imagine, it will take quite a bit of adverse price action to push me off that thesis, one which I have been cultivating and driving home to Members for quite some time now. Case in point: Into a 600-point Dow rally this morning we have the Nasdaq flattish and the QQQ red....
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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.
