MarketChess
Showing articles 291 - 300 (6609 total)
20Oct11:19 amEST
The Granddaddy of Them All
The big Wilshire 5000 Index, below on its daily timeframe, tracks every single stock traded in America, weighted by market cap. After a bounce off the 200-day simple moving average (yellow line) earlier this bounce, we are on track to see the Wilshire close back below the 200-day into the weekend on this options expiration Friday. This is all...
19Oct10:35 amEST
The Paper Chase
I once had a law professor who was rather acerbic and mercurial. He intentionally had his students buy a certain casebook of common law cases which he despised so that he could teach "against it" all semester. His rationale was that he found it quite boring to use a casebook which contained court decisions he mostly agreed--That is how much he...
18Oct12:48 pmEST
Big Tree Fall Hard, Right?
We have some sharp reversals off yesterday's small cap-led rally taking place so far today, as the toll of sticky high rates and and now oil prices climbing seems to be manifesting itself on even the most complacent segments of equities. As I write this, small caps in the IWM, China internet names in the KWEB ETF, the mid-caps in the MDY,...
17Oct11:11 amEST
Not Such Golden Slacks This Time Around
Goldman Sachs (sometimes known as "Golden Slacks," as one its kinder nicknames compared to others) the iconic banking house, reported a top line earnings beat this morning on strong bond trading numbers. As you can see on the daily chart, however, Goldman is trading lower. More importantly, the overall chart remains bearish and looks much more...
16Oct11:50 amEST
Trapped in a Prison Market
Imagine, if you would, that you had taken a nap in July 2018. You did not wake up until this morning to read this blog post. During that nap, the IWM (ETF for small cap stocks in the Russell 2000 Index) has made no net, or overall, progress and is trading at the same levels it was some five years and three months ago. On a shorter-term...
15Oct1:29 pmEST
Special Edition: Full-Length Weekend Strategy Session 10/15/23 {Video}
For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of...
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...
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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.
