MarketChess
Showing articles 281 - 290 (6610 total)
03Nov12:34 pmEST
My Vision Differs From Yours
It has been an epic squeeze-fest this week, with the badly beaten-down small caps getting plenty of action to the upside. As unpopular as it may feel and be, part of my job description is often relaying objecting analysis in the face of overwhelming emotions of any given moment in the market. What that means is many folks will have a love/hate...
02Nov2:17 pmEST
Plenty of Hot Tips Out There
Whether it concerns seasonality, the Treasury's recent refunding announcement, The Fed being done hiking, Israeli/Hamas, or anything for that matter we have plenty of hot tips circulating as to why it will all be bullish for markets. And with equities rallying every single day this week bulls are back to feeling their oats. All of this is...
01Nov3:08 pmEST
A Dreary Landing, One Way or the Other
On this post-FOMC/Powell presser squeeze, it appears as though the S&P 500 Index, below on the updated daily chart, has a rendezvous with its 200-day simple moving average (yellow line, arrow), testing it from the underside. The Nasdaq is the leader of today's move, while small caps lag behind. While the market cheers Powell playing both sides...
31Oct3:04 pmEST
They Did it All for the Glory of Love
While equities here stateside are mostly ignoring the Dollar/Yen surging past 151 today, we still have a busy week ahead of us with the FOMC tomorrow, AAPL earnings Thursday evening, followed by the jobs report on Friday. On that note, did the Bank of Japan really tweak their infamous Yield Curve Control policy out of love? I see yet another...
30Oct1:14 pmEST
Well, I Got Some Moves I Can Make Here
Bollinger Bands, the eponymous technical indicator named after its creator, John Bollinger, are "pinching" on the monthly chart for Cathie Wood's ARKK ETF, seen below. For most of this year, I have held SARK, a bear ETF for ARKK, with Members in the service. It is now one of my best performing positions in a year with tons of outliers for me. ...
29Oct10:47 amEST
Weekend Overview and Analysis 10/29/23 {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...
26Oct12:24 pmEST
Here's the Punchline: The Selling is Still Orderly!
With the Nasdaq Composite Index finally (finally!) losing its 200-day simple moving average today, at least so far, every single stock index is below its 200-day m.a.. This circumstance typically begets more selling, not unlike on the way up the buying led to more buying which is a consequences of system/automated trading strategies. That...
25Oct11:56 amEST
A Higher Lowjob
Amid deteriorating equities, sticky high rates and Dollar, and mixed earnings results so far (see: GOOGL vs. MSFT last evening), we have the VIX making higher lows at a steady pace over the last five or six weeks. Beyond that, the VIX remains right around 20, which is historically low if you accept that we are in the midst of a bear market or...
24Oct11:46 amEST
Remember Me: Benny Blanco from the Bank?
Much like Benny Blanco from the Bronx , this failed bounce in the regional banking sector ETF (KRE, daily chart, below) looks to have come home to roost for bulls. Specifically, with all that is going on in the world, and in other markets besides equities, it has been quite easy to assume the worst is over for the vulnerable regional banks....
23Oct2:56 pmEST
Some Days it Rains
A mixed, slow tape in front of what should be a week which picks up speed into some major earnings reports has me taking care of some personal business today more than anything else. In light of the Major League Baseball playoffs in full swing, I am reminded of the great film, Bull Durham (1988), and to paraphrase the quote, "Some days you...
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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.
