Monthly Archives: June 2022
Showing articles 31 - 37 (37 total)
06Jun10:21 amEST
Watch Your Back
Another $305 support test on the Nasdaq's QQQ ETF, below on the updated hourly timeframe, looks to have held as bulls kick off the first full week post-Memorial Day with a move higher. With the Consumer Price Index (CPI) not coming out until Friday morning, followed by the FOMC next week, bulls may very well benefit from a bit of a (relative)...
05Jun9:29 amEST
Weekend Overview and Analysis 06/05/22 {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...
03Jun11:36 amEST
Last Stand Hill
More weakness than I had anticipated after the jobs report this morning is seeing the Nasdaq lead a dive lower in markets. Negative comments from Elon Musk are not helping the cause either, as TSLA swoons and its heavy weight surely is a drag on the S&P and Nasdaq, too. In fact, the TSLA weakness is likely overshadowing some intriguing strength...
02Jun3:08 pmEST
Fighting Amidst the Chaos
The chaotic nature of bear markets means, at times, that bears themselves need to make sure they are not trapping themselves. Currently, we have more evidence from today's price action that the bottom from late-May is proving to be a near-term good low. To be clear, I do not expect those lows to hold into the back half of 2022. However, you...
02Jun10:22 amEST
This is for Fighting, This is for Fun
The main point we have been stressing to Members of late has been that one must put into proper context and perspective all of the herky-jerky price swings the market has been sporting. In fact, one would almost think with the precision and the manner in which the buy and sell programs have been alternating that this were some kind of basic...
01Jun3:38 pmEST
Got a New Company for You
Recent IPO EE is worthy of our attention. First, the company description: Excelerate is changing the way the world accesses cleaner, more affordable and reliable energy by delivering regasified natural gas, benefitting hundreds of millions of people around the world. From our founding, we have focused on providing flexible liquefied natural...
01Jun10:19 amEST
On the QT and Very Hush-Hush
A fade off the opening pop in equities coincides with the official start of "QT," or The Fed's quantitative tightening process whereby they begin to slowly shrink their enormous balance sheet with a likely load of toxic debt. June can often be a tough month for stocks, but it does raise a few spidey senses that so many are eager to look for an...
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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.
