Monthly Archives: March 2022
Showing articles 1 - 10 (41 total)
31Mar3:18 pmEST
Looking Out to April and the Second Quarter
Although sentiment has clearly turned far more sanguine on many parts of equities in recent weeks given the relief rally, looking at a major chart like Dow component, Boeing (BA), below on its daily timeframe, I see sparse evidence of any meaningful bottom. No, I see a clear downtrend with a bounce up to a declining 50-day simple moving average...
31Mar10:47 amEST
Strategic Petrified Reserve
If commodity bears and deflationistas alike were correct in their diagnosis of the macroeconomic picture, then I would surmise the news flow of late would be wildly beneficial to their thesis in terms of reactions in equities. Specifically, housing stocks continue to get whacked off mortgage rates hitting multi-year highs, while oil initially...
30Mar4:16 pmEST
Stock Market Recap 03/30/22 {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...
30Mar10:39 amEST
The Deflationary Circus Left Town
One way to think about the current debate between inflation versus deflationistas is in terms of which side is currently fighting the dominant trend. While it is true that rates have generally been trending much lower for four decades, it is also true that commodities have distinguished themselves from most tech and growth stocks in recent...
29Mar2:27 pmEST
A Closed Marriage is a Happy One
In markets, the "marriage" of quality fundamentals and strong technicals often makes for the happiest of times for investors, especially if you sprinkle in macro tailwinds and sentiment which is far from euphoric. And when it comes to the energy plays, the latest pullback in crude oil and most oil stocks seems to drive home the point that many...
29Mar10:38 amEST
Hope for Peace Leads to Hidden Dips
While AAPL gaps up to mark, thus far, its eleventh consecutive green session amid the rally in growth stocks and tech, virtually all commodities and commodity stocks got pounded off the open on more hopeful headlines of an imminent, peaceful resolution in Ukraine. But in reality there has been no such resolution yet--We have seen the wishful...
28Mar3:18 pmEST
Meme Stocks: The Pursuit of Slappyness
As TSLA, AMC, GME, and other "meme stocks" like HYMC (via AMC) are slap happy today, the concern is that they drain the rest of the market of energy, perhaps. We saw a similar dynamic for a stretch over a year ago during the AMC/GME mania. That said, we always try to stay opportunistic yet disciplined. BBBY, a very heavily-shorted retail play...
28Mar10:22 amEST
Reset the Scene Before the Next Take
After a mini reversal upside last Friday, Treasuries (seen below, on TLT ETF daily chart) are enjoying some relief this morning as yields come in a bit amid the sharp selloff in crude oil. The Nasdaq initially fed off these developments, on top of the TSLA news angling for a dividend and eventual stock split, up 1% as crypto plays surged, too. ...
27Mar9:00 amEST
Weekend Overview and Analysis 03/27/22 {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...
25Mar10:45 amEST
Beach Hopping in Brazil
Quietly, commodity-rich Brazil has been acting much better of late. And, quietly, their Central Bank has taken actions to battle inflation, unlike our own Fed which thinks it can use mere words to fight off the nasty scourge of inflation. As I write this, Brazil's key interest rate is in the double digits. Now compare that to Jay Powell's...
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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.
