Monthly Archives: January 2023
Showing articles 21 - 30 (33 total)
11Jan12:15 pmEST
Everyone Wants to Fix Broken People
Just as you might go through a phase in life where you try to fix broken people, so too do traders in bear markets often try to fix broken charts. But the same bitter lessons apply: In life, some people are broken and do not want to be fixed. If you try to fix them, you yourself are often subjected to various shrapnel from their destruction,...
10Jan3:42 pmEST
CPI Estimates Need to Be More Aggressive
The big showdown in markets this week is clearly the CPI print Thursday morning, something which should be apparent given the price action so far today and this week. Estimates are averaged out to be 6.5%, which strikes me as, appropriately given market sentiment, hopeful more than anything else--Hopeful that inflation will recede aggressively...
10Jan11:17 amEST
Watch and Burn
After the Powell remarks this morning were essentially a nonevent, the main focus of the week coming up is still the CPI inflation print on Thursday morning followed by the large banks kicking off earnings season on Friday. Although bulls are inferring that Powell's remarks being a nonevent is bullish, another way to read into it is that Powell...
09Jan3:24 pmEST
These Cougars Just Went from Predator to Prey
A bonafide, dominant retail player since the 2009 lows, Lululemon surged in popularity for a variety of demographics but especially women "of a certain age" trying to retain a comfortable yet attractive look. Indeed, LULU's stock is something of which chapters in textbooks can be written, perhaps one of the poster children of the QE/ZIRP era...
09Jan11:26 amEST
A Confident Market: But is it Authentic?
Considering we have Powell speaking tomorrow, followed by the CPI on Thursday (not to mention the big banks kicking off a new earnings season Friday morning) this market seems uniquely confident in the face of those potential headline risks. It is often said that whereas bull markets climb a wall of worry, bear markets slide down a slope of...
07Jan12:19 pmEST
Historical Bear Market Analysis 01/07/23 {Video}
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06Jan11:33 amEST
This is Not a Return to Decadence
A funny thing about folks getting a taste of the good life, to speak, in markets since March 2020 (and even at various intervals since 2009) is that they will seemingly do anything to go back to the go-go-days, even if it means completely distorting reality. To put it crudely, you might argue it is not unlike a drug fiend willing to do anything...
05Jan3:18 pmEST
It's Tough to Look and Not Touch
One of the most counter-intuitive aspects about speculation is the notion of laying off the action for various intervals. After all, who really travels to the casino to not gamble? Well, I suppose some folks do. But not the warriors in the arena most of us are--Mixing it up regularly in global markets and putting ourselves to the test. In...
05Jan10:31 amEST
Running Those Buy Programs Into the Ground
A thrust lower at the open on the major indices saw the S&P 500 almost tag the big, round 3,800 level precisely, as well as the QQQ ETF lingering near key $260 support. Right on cue, however, we saw a slew of buy programs in some large names, particularly AAPL. This was a common feature of the QE/ZIRP bull market era, where buy programs would...
04Jan3:40 pmEST
Powell Hunkers Down for Winter
Stocks are mostly meandering into the final hour of trading today, as bulls try to hold green from earlier. Although the Dow just flipped back red as I write this, plenty of stocks are struggling to stay afloat. The Fed Minutes released earlier this afternoon certainly added some pizazz to what was an already-wide range session. Of course, we...
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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.
