Monthly Archives: February 2024
Showing articles 21 - 24 (24 total)
05Feb11:26 amEST
We're Not Back Up Until This Happens
Of all the names composing the SMH, ETF for the semiconductors, the only names up more than 3% as I write this are ON and, of course, NVDA. Most of the rest of the ETF names are either red or up less than 1%. This is happening as the broad market sells off today, with the small caps and Dow clearly leading lower while the S&P and Nasdaq are...
04Feb10:24 amEST
Weekend Overview and Analysis 02/04/24 {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...
02Feb11:13 amEST
Chasing One's Tail for Tail Risk
Nasdaq bulls can try all they want to "front-run rate cuts and a restart of QE." However, as we saw this week rates may temporarily head lower, but they do not want to stay down for very long. Case in point: After a strong jobs report this morning we have rates on the 10-Year Note (below on the TNX Index daily chart) back over 4% as I write...
01Feb1:24 pmEST
An Epic Triple-header Tonight
Stocks are bouncing as I write this, with bulls taking advantage of a relative lull during a busy week. That said, tonight begins the final spurt of events into Friday morning's jobs report, pre-market. But first, the big three report tonight: Apple, Amazon, and Meta. All three are obviously part of the "Magnificent 7" leadership which has...