Monthly Archives: January 2022
Showing articles 31 - 38 (38 total)
07Jan10:29 amEST
Back to the Well One Too Many Times
Shares of GameStop, easily one of (if not the) poster children for the sort of liquidity bonanza The Fed created since March 2020, popped hard last evening after the bell on news the firm plans to create a marketplace for non-fungible tokens, or NFTs. As you know, NFTs have become the chic phrase du jour related to crypto. And the GME fanatics...
06Jan3:28 pmEST
Sneaky, in Camouflage
Recently, but not today, we have seen the pattern of a notably weak Nasdaq and growth stocks while the Dow was strong. The old timers would say that the Dow was lying in this setup, to allow for the big money to distribute or unload shares of growth titles to the unwitting retail players who assumed that the market was A-OK because...
06Jan10:52 amEST
Sloshing Around
Mixed early action virtually across the board is leaving many traders discombobulated as to whether the selling in growth stocks has truly abated. To my eye, there remains a distinct state of denial with respect to the Fed tightening already set in motion. Many simply refuse to accept that The Fed will actually hike rates and reduce their...
05Jan3:24 pmEST
Wanna Talk to The Fed? Call 1-800-GOT-JUNK
As more folks begin to flee the sinking ship known as the "RMS Transitory," especially after this afternoon's Fed Minutes revealed how hawkish things are beginning to appear, it is worth returning to the junk bond market which we discussed last week on New Year's Eve. Recall that in the wake of the March 2020 pandemic, The Fed actually bought...
05Jan10:32 amEST
Here Comes Steel
One by one, almost every sector related to the industrial, materials, and energy complex is beginning to wake up and participate in an inflation trade. This morning, we have uranium and steels among the very best performers. Steels, housed in part in the XME ETF but also in their own sector dedicated SLX ETF, the latter below on the weekly...
04Jan2:56 pmEST
How Can You Call a Top to Oil When Exxon is About to Break Out?
Energy giant Exxon Mobil was officially kicked out of the Dow Jones Industrial Average on August 31st, 2020. Since that time, the stock has appreciated from about $40 per share to spot at $66.08 as I write this, amid the various cries that energy stocks were simply uninvestable and essentially left for dead on the side of the road. Currently,...
04Jan9:18 amEST
The Biggest Pushback I am Getting
Occasionally, I offer opinions and macro views both here and on Twitter, alongside the private feed for Members. Recently, on my main Twitter account (@chessNwine) by far the biggest pushback I am getting from folks is in regards to both the possibility of higher oil/gas prices and higher rates this year. Clearly, I am in the camp that we...
02Jan11:10 amEST
Verified Testimonials About Market Chess Subscription Services
With the new year underway, this is a great time to get your trading mindset in the right place. There is no better place to do that than inside Market Chess Subscription Services, where we pride ourselves on delivering value to the Members with actionable ideas, timely (and apolitical) market commentary, a focused atmosphere, and disciplined...
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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.
