Yearly Archives: 2023
Showing articles 61 - 70 (311 total)
13Oct12:55 pmEST
Satanic Black Magic Into the Weekend
The easiest thing to do right now is throw a Paulie Walnuts-type tantrum and decry today's pop in the VIX as merely overzealous hedging into the weekend in light of the Israel/Hamas escalation, bound to lead to a VIX collapse next week. My take, as you might imagine, is a bit different: The VIX has already been working on a higher base for...
12Oct11:29 amEST
White Collar Tastes; Blue Collar Grind
After a hot CPI print this morning we have some incredibly familiar Nasdaq-versus-the-world price action playing out as we speak. At the risk of being redundant regarding that glaring divergences across a structurally weak equities (and credit) market, I would much rather focus this morning on actionable trade ideas: The nitty-gritty blue...
11Oct12:12 pmEST
Shaken and Stirred, Yet Unperturbed
An amorphous, overall trend-less equities market for months has been the main takeaway for swing traders, lending itself to natural frustration. Sure, the bond market has been selling off, and we have been on top of that with Members, trimming a TBT play into the recent pop in rates before the cooling off this week. However, when it comes to...
10Oct12:15 pmEST
At the End of the Day
The S&P 500 and Nasdaq, respectively below on their daily charts, have easily been the two strongest indices of late, as virtually all other indices are below their own 200-day moving averages. But not the S&P and Nasdaq. Hence, instead of cherry-picking the weaklings, let us focus on these two. Simply put, at the end of the day (or perhaps...
09Oct10:35 amEST
Isn't That Just Like a Commodity Market?
Over the weekend Israel declared war following a surprise attack from Hamas. It is a rather convenient fact, indeed, that crude oil had been sharply pulling back for about the last week and a half following a prior, steep rally, rending this gap up perhaps just the start of a new move higher rather than a typical sell-the-news setup. Commodity...
08Oct11:15 amEST
Weekend Overview and Analysis 10/08/23 {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...
06Oct11:23 amEST
Holding it All Up
My bearish bet on the bond market continues to work well, as I trimmed some more of a TBT long position which I have actually held for most of this year with Members. That said, the persistent and seemingly omnipresent bid in equities is out in full force, once again, with stocks flipping green as I write this despite the red-hot inflationary...
05Oct10:52 amEST
It is a New Battlefield; Adjust Accordingly
The team with the longest winning streak in New Jersey high school football currently (33 games and counting) is Caldwell High School, a program with which I am quite familiar. The Chiefs, located in West Caldwell, have been a powerhouse for a school of their size--especially a public one--for many, many decades, with several state...
04Oct10:18 amEST
Where Are We Going, Where Have We Been?
The title of this post is a variation of the title of a short story by Joyce Carol Oates , “Where Are You Going, Where Have You Been?," featuring one of the most evil, cunning characters in modern American literature, Arnold Friend. Ironically, many literary critics have argued that Friend was not even a real character in the story, but...
03Oct10:59 amEST
It's Supposed to Be a Non-Judgmental Intervention!
With rumors swirling about Japan's Ministry of Finance intervening in currency markets to support the free-falling Japanese Yen, let us get one thing abundantly clear: Intervening (or perhaps the mere appearance and perception of it) in global markets by government entities and/or central bankers is always from a position of weakness and...
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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.
