Monthly Archives: April 2022

Showing articles 11 - 20 (37 total)

21Apr3:28 pmEST

Check, Please?

If today does indeed mark a major bull trap, sending us much lower into the heart of earnings next week before the FOMC in two weeks, then tech/growth names like ARKK IWM QQQ TSLA should probably close at or near session lows today and immediately follow-through with a hard move down tomorrow into the weekend to effectively trap in longs and...

Read More

21Apr10:02 amEST

I Regret to Inform You

I regret to inform you that this cycle is still about rates, Powell, and inflation, overall, in spite of the day-to-day various headlines about Elon Musk, or just about anything else outside of a nuclear bomb.  Shares of Tesla gapping up 10% this morning after earnings has more than offset a sloppy close by tech yesterday into the...

Read More

20Apr2:41 pmEST

I'm Still Short ARKK, and My Bet is Complacency Gets Punished

Using the SARK bearish ETF (via a long position inside Market Chess Subscription Services, just above $51.20 entry) as a proxy to go short ARKK, Cathie Wood's flagship ETF housing a plethora of incredibly rich growth and speculative stocks, I continue to press for ARK to revisit its COVID crash lows in the coming weeks and months.  While that...

Read More

20Apr10:09 amEST

Go Get 'em, Boys! Fight the Good Fight

After initially shrugging off the Netflix earnings implosion, tech is now leading to the downside with the QQQ ETF off by 1% and giving back a chunk of yesterday's gains. It was not all NFLX last night, however, as the likes of chip play ASML is quietly up 4.4% after earnings. However, let us not kid ourselves, with its trillion dollar market...

Read More

19Apr3:34 pmEST

Land of the Setting Sun

With volume running light on today's big rally in equities, some of other non-confirming aspects are: Rates on the 10-Year Note pushing higher yet, JNK red/flat most of the day, mortgage REITs sharply lower, and the general "buy the rumor, sell the news" vibe the tape is giving off as we head into IBM NFLX earnings tonight, then a slew of major...

Read More

19Apr11:00 amEST

Are We Sure the Netflix Selling is Overdone?

Stocks are enjoying one of those sugar rush buying frenzies off a flat open, as the major indices are up about 1%-1.5% across the board while I write this. Most indices, especially the small caps in the IWM, are testing their respective 50-day simple moving average, which no doubt will serve as an excellent litmus test for both sides since we...

Read More

18Apr3:37 pmEST

I Don't Mind Being "That Guy"

Part of my job, in my quest to deliver value to you, the reader, often involves noting aspects of markets and market players which are inconvenient truths. And, of course, those times where I am wrong it serves as a double-whammy of sorts, where my upsetting of the apple cart proves to be null and void analysis.  Having said that, I continue to...

Read More

18Apr10:42 amEST

Clown Show Action off the Open

Amid the Elon Must/TWTR saga, Tesla squeezed up off a red open in front of earnings later this week. On that note, Netflix tomorrow evening gets us into the heart of major tech earnings season, which no doubt will be a test for this market before the next FOMC in the first week of May.  However, it is not a broad-based tech/growth party this...

Read More

17Apr5:45 amEST

Weekend Overview and Analysis 04/17/22 {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...

Read More

14Apr11:15 amEST

Here's the Real Battle This Earnings Season

With markets closed tomorrow for Good Friday, stocks are mixed this morning as bottom-callers in Treasuries got caught into another spike in rates.  As you might expect, the Nasdaq and many growth issues are not thrilled with rates pushing higher yet as TLT sells off further.  However, from my vantage point the true battle awaits us all in the...

Read More

   1 | 2 | 3 | 4   
 
BackToTop
 

This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site