MarketChess
Showing articles 1011 - 1020 (6611 total)
03Dec10:53 amEST
The Next One's Coming Faster
As kids these days say, there is quite a bit of "copes," or coping mechanisms, taking place right now with respect to The Fed and markets. Case in point: While watching financial news television this morning leading up to and after the jobs report, most of the pundits declared that, with futures initially popping off a weak jobs number, the...
02Dec10:49 amEST
Here's Looking At You, Nasdaq Bears
For the time being I remain unperturbed by random, early morning 500-point rallies in the Dow, given how poorly the Nasdaq continues to act, especially. And now we have mighty AAPL warning about iPhone demand, selling off 3% or so as I write this. Even as we head towards the holidays, it is worth repeating that the "Santa Rally" does not...
01Dec3:21 pmEST
Fine, I'll Say It: Growth Stocks Have Put in a Major Top
No more ifs and maybes, no more foreplay. Everything I am seeing aligns with most of your favorite software, semiconductor, mega cap tech names--mostly housed in the Nasdaq--having put in tops after steep multi-year uptrends. Valuations are stretched, sentiment is convinced that Powell will "not let stonks go down" despite his obvious hawkish...
01Dec10:25 amEST
Reality Check Amid the Conjecture
Watching financial news television this morning and then scrolling through Twitter Finance, it occurred to be just how many folks are hell-bent on offering up a definitive viewpoint on the Omicron variant and its fallout. In reality, most of these views relating to the markets likely do more harm than good--We simply do not know, and it is a...
30Nov3:48 pmEST
Here Come the Growth "Tells"
Salesforce tonight, alongside Zscaler, then OKTA SNOW SPLK tomorrow, all mark notable growth stocks with rich valuations reporting earnings somewhat under-the-radar in the final innings of earnings season. Of course, it is understandable that they may be overlooked, given that the ultra marquee names like TSLA, NVDA, AAPL, and the "FANG" names...
30Nov11:47 amEST
Powell Talks the Hawk, Even if It's a Balk
In his testimony this morning before the Senate, Fed Chair Jay Powell gave some of the most hawkish commentary from the Central Bank about the economy and The Fed's concerns right now that we have seen in years, if not decades. Even during the Q2 inflationary head-fake in 2008, then-Chair Ben Bernanke did not outright express concerns about...
29Nov3:38 pmEST
Lockdowns or Not, Blue Apron Might Kick it Up a Notch
Blue Apron Inc. the meal kit delivery service, was a terrible stock before the initial pandemic crash in Q1 2020. It was then a poor stock after its March 2020 run-up with the likes of CLX KMB PFE PTON ZM. After losing its luster as the pandemic intensity abated, however, Blue Apron has quietly firmed up its chart in recent months and, perhaps,...
29Nov10:46 amEST
Remus Doesn't Like Opening Gaps in Corrections
Instead of referring to myself in the third person, let us use George Remus as an allegory of sorts of Wall Street yesteryear. In Wall Street yesteryear, it was often said that roughly nine out of every ten opening gaps higher in the context of a corrective market are to be sold into, rather than bought. Of course, the counterargument is...
28Nov6:47 amEST
Weekend Overview and Analysis 11/28/21 {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 Please click here for more details about joining Market Chess Subscription Services for plenty of other features,...
26Nov10:26 amEST
The Old Pandemic Playbook 11/26/21 {Video}
In the following video, we examine some ideas back in play given the pandemic headlines and selloff this morning. Enjoy your weekend, and happy holidays.
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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.
