MarketChess
Showing articles 621 - 630 (6609 total)
25Oct10:51 amEST
Know Which Way the Wind Blows
With the Dollar and rates both sinking this morning, equity bulls have an opening to rally as year-end seasonality turns more bullish in a pronounced manner. True, the FOMC, followed by the midterms, not to mention tonight's GOOGL MSFT V earnings (just to get the ball rolling before AAPL AMZN META later this week) and a side dish of Russia and...
24Oct3:10 pmEST
Japan is Clearly Sweating This Level
The Dollar/Yen currency cross, below on the hourly timeframe, has actually been in a strong uptrend since the beginning of 2021. However, it was only in late-September of this year that the Bank of Japan began to truly panic over its currency's weakness, right around the same time as the U.K. faced its own issues with the pension funds. As the...
24Oct11:41 amEST
We'll See if Bulls Have a Marvelous Boxing Chin
It is often said that Marvelous Marvin Hagler has the best "chin" in boxing history, meaning it was uniquely different to connect on punches to the point where it knocked him down. In the current market we have China tech stocks being bludgeoned today. BABA PDD WB and many there formerly hot-to-trot growth stocks are getting absolutely...
23Oct10:02 amEST
Weekend Overview and Analysis 10/23/22 {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...
21Oct10:26 amEST
Enough of the Blues
Long-time readers and Members will recall two years ago, almost to the day, that we discussed the deeply out-of-favor energy stocks in a favorable light. Many folks were completely dismissive of the group at that point since they had belly lagged the explosive rally off the March 2020 lows. And it was widely accepted that fossil fuels were...
20Oct4:38 pmEST
Stock Market Recap 10/20/22 {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...
20Oct11:33 amEST
Holed Up, Down But Not Out
Between the emergency bond buying measures both in England and then overnight in Japan against the backdrop of sticky high inflation, gold seems to have been the odd man out of late. Markets, however, have a history of marching to their own drumbeat. And just because something does not materialize immediately does not mean it will not in due...
19Oct11:38 amEST
Next Stop in Doubt
The NFLX and ISRG earnings rallies today are being countered by continued strength in the U.S. Dollar as well as rates pushing higher yet above 4% on the 10-Year Note. As you would expect, the latter two are pressuring equities and risk-on vibes altogether. That said, oil is marginally higher and, perhaps more significantly, energy stocks are...
18Oct11:02 amEST
The Oil Circus Rolls On
"Don't blame a clown for acting like a clown. Ask yourself why you keep going to the circus." One of the most difficult realities of life to accept--and some never do--is that changing people is a fool's game. You simply must accept full responsibility for choosing to surround yourself with certain people, rather than blaming them for their...
17Oct12:24 pmEST
Emerge or Diverge
On some level the near-term direction of risk assets may very well hinge on what happened last week. As we noted in the usual Weekend Video, typically reserved for Members but opened up to everyone over the weekend (please see prior blog post), the U.S. Dollar did not make a fresh high last week on its UUP ETF (daily chart, below, which is...
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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.
