MarketChess
Showing articles 691 - 700 (6611 total)
24Aug10:35 amEST
Beware Bull Market Arguments During Bear Markets
Low volume selloffs, bullish breadth thrusts in recent weeks, "everyone is bearish" sentiment gauges via social finance, stocks holding up well, the worst news is already priced in, etc.. The above arguments are all typically rather bullish and turn out marvelously well during bull runs, especially in the last decade or so when we had a...
23Aug10:42 amEST
Beans, Beans, They're Good for Your Heart
Soybeans are busting up through a well-defined inverse bullish head and shoulders setup, highlighted on the commodity fund's daily chart, updated below. On that note, soft commodities as a group are breaking higher via the DBA ETF this morning, having perfectly held a backtest of their own collective inverse head and shoulders neck-line. Coffee...
22Aug11:15 amEST
The Summer They Poked the Bear...And Powell
Equity--an especially growth stock--bulls have certainly felt their oats this summer, cocksure that Jay Powell simply does not have the gumption to adequately fight inflation and, therefore, their beloved growth stocks would resume their prior bull runs from last decade and then after March 2020. With Powell scheduled to speak this Friday...
20Aug9:03 amEST
Don't Fight the Last War!
In the following video we examine the current market structure relative to prior cycles. Enjoy your summer weekend.
19Aug10:49 amEST
Happy Friday: Credit is Leading Stocks to New Bear Market Lows
As they say, only death and taxes are guarantees in life. And when it comes to markets, guarantees are akin to the Loch Ness Monster, despite what you may read on social media or see on TV. That said, credit leading equities lower during times of distress is often an excellent tell.And I expect that to be all the more of the case this...
18Aug11:00 amEST
I Wear a Parchment Paper Hat Instead of a Tinfoil One
Years ago a friend of mine enlisted in the National Guard. Not long after he called me up and the first thing out of his mouth was a general statement that anyone who believes in grand conspiracies is nuts--He thought the federal government was barely able to orchestrate a proper picnic. Of course I recognize that stands in stark contrast to...
17Aug3:49 pmEST
An Economic (Not Political) Parting Thought on Student Loans
The Education Department just cancelled about $4 billion in student loans , which applies to about 208,000 borrowers for students who attended the now-defunct ITT Technical Institute. Now, I am not interested in getting into a political debate over the merits and cons of student loan forgiveness. However, from an economic standpoint where,...
17Aug11:16 amEST
Summer 2022: When Looming Risks Were Miscalculated
It is my deep conviction that we will look back on this summer as one where the market was burying its collective head in the sand at the imminent and and longer-term risks facing the world economy. First and foremost the imminent Fed dovish pivot is nonsense. As soft as Powell has been the past the CPI is still historically high and not...
16Aug5:26 pmEST
Stock Market Recap 08/16/22 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...
16Aug10:56 amEST
Inflation Grim Reaper is Coming For You
Look, I get it. Perhaps just as much as anyone else I miss the days where we could head to the gas pump and get a full tank of gas and chuckling about how reasonable the final price was. And then head on over to the grocery store--even a high end one like Whole Foods--to pick up some meat and fish, and other goodies, also at a reasonable price...
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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.
