MarketChess
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23Feb11:15 amEST
Stop Trying So Hard To Make Your Case
Speaking from personal experience in my younger, more brazen days, eager bulls would probably be best served by not trying so hard to make their case for an imminent and major market bottom--At least the type of imminent rally which is worth getting behind with significant financial and emotional capital. And, make no mistake, both are precious...
22Feb11:04 amEST
Futility in Trading the News
“Never mistake activity for achievement.” –John Wooden In this era of 24/7 news where even using social media to tweet out a headline seems obsolete just a few seconds later, it is worth remembering the analogy that the market is equivalent to being the world's largest open book exam. Back in my law school days, virtually all of the final...
20Feb11:01 amEST
Weekend Overview and Analysis 02/20/22 {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...
18Feb10:37 amEST
Symbolic Value
Headed into a three-day weekend (markets are closed on Monday in observance of George Washington's birthday, or President's Day) we have some early toggling between green and red across most equities. The latest earnings disasters, like ROKU and RDFN, did not initially weigh down stocks as the overnight pop in futures was hopeful that...
17Feb3:39 pmEST
Sentiment and the Options Market: Golden Disrespect
Quick note as we head into the bell of one of the more fascinating sessions in a while, what with all of the cross-currents between asset classes. The buy volume in gold and her miners is truly something to behold into this breakout. I would actually put in on par with the August 1982 breakout in equities as a group, insofar as the amount of...
17Feb10:02 amEST
Listen to the Right Noise
Last November 4th, 2021, with the Nasdaq's QQQ ETF near $400 and GDX at $32 (the ETF for senior gold miners) I wrote this piece noting that the most heinous-sounding pair trade in the world at the time may very well prove to be the smart one. Long GDX and short QQQ was the thinking, as many factors were slowly starting to align in favor of...
16Feb3:27 pmEST
The Long View of a Frustrating Tape
Yesterday I locked in another foray into the short Treasuries space (betting on higher rates) via selling a long TBT play I had. My thinking being that despite my bearish view of Treasuries throughout this year and beyond, it was still imperative to dance through the inevitable raindrops and respect the ebb and flow which markets often struggle...
16Feb10:09 amEST
Not Quite End of the Line
The QQQ ETF is back down to the key $352 level, as indicated below on its daily chart with the arrow. Indeed, large cap tech has oscillated around this level as support, then resistance, before gapping above it on the Russia news yesterday. Currently, we are teetering on losing it again but the jury is still out in regards to that test. While...
15Feb4:57 pmEST
Stock Market Recap 02/15/22 {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...
15Feb10:18 amEST
Celebrating the Retreat
Despite a hot PPI inflation reading this morning sending rates on the 10-Year Note higher yet, equities seem far more focused on the apparent retreat and easing of tensions by Russian forces staving off imminent war with Ukraine for all the world to see. As we saw in late-January through the beginning of this month, bear market rallies (in...
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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.
