Yearly Archives: 2023
Showing articles 91 - 100 (311 total)
08Sep11:09 amEST
Both Statements Can Be True
On the one hand, the eighteen month "lag effect" from Powell's first rate hike (in March 2022) can finally kick in, and probably is as we speak according to various data, leading to tighter financial conditions for tapped out consumers and a long-in-the-tooth jobs market starting to crack. On the other hand, the near-term pain trade in both...
07Sep11:30 amEST
The Fed Created the Largest Pot of Boiling Water in History
Ah, what could have been, Jay Powell. You could have ripped the bandaid off of this whole mess back in 2021, even 2022, by ramping up QT and dumping The Fed's toxic (about $2.6 trillion worth) mortgage-backed securities onto the market, coupled with inter-meeting surprise rate hikes, and tougher talk about inflation than the lawyer (and I am a...
06Sep11:01 amEST
Americans Will Never Give Up Their Guns
But they appear to have stopped buying news ones, for the time being. You may or may not recall the early-pandemic phenomenon where many took their "stimmy checks" to the gun shop, gun store, or sporting goods store (or your vendor of choice) to purchase the hot weapon(s) they have always desired. Of course, what this was doing, in effect,...
05Sep10:20 amEST
Follow the Script
Bulls are looking for markets to follow the "higher low" script, meaning any dips will be relatively shallow and ultimately bought up nicely into the end of calendar year to perhaps challenge all-time highs on the major indices. Bears are expecting the recent late-August snapback rally to amount to a "lower high," setting up a house of horrors...
04Sep10:53 amEST
Holiday Overview and Analysis 09/04/23 {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...
01Sep9:11 amEST
Morning Prep 09/01/23 {Video}
The following video is an example of the type of daily Morning Prep videos which I present each morning to Members of Market Chess Subscription Services to help prepare for each trading day. If you enjoy my videos and blog posts, then please click here for more details about joining Market Chess Subscription Services for plenty of other...
31Aug4:56 pmEST
Stock Market Recap 08/31/23 {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...
30Aug3:11 pmEST
Something's Gotta Give
Over the last two years Okta, which reports this evening and is shown on the monthly chart, below, has beaten both top and bottom line estimates 100% (!) of the time. Although I have always thought that earnings are the epitome of a roulette wheel gamble, insofar as the immediate reaction, I suspect something has got to give, as LeAnn Rimes...
29Aug2:45 pmEST
Dog Day Rally
Some weak labor market data this morning , via The Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department, was enough to send rates down and stocks up. And that move is persisting well into the afternoon as I write this. As you might imagine, I view this move as wishful thinking on both counts. Not only is this data...
28Aug2:42 pmEST
Legs for Days During NVIDIA's August
With just over three sessions left before the month of August concludes on Wall Street, NVIDIA's monthly candlestick (arrow, below on monthly chart) is shaping up to close with a "long-legged doji." Courtesy of Investopedia.com , here are some important points about long-legged dojis: Thus, as the last point notes, no guarantees. But then...
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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.
