MarketChess
Showing articles 681 - 690 (6608 total)
30Aug10:48 amEST
Here's What Many Are Forgetting
Over the course of the summer rally I saw quite a few technically-oriented market players and pundits alike discuss various, for example, biotech and healthcare names putting in what they described as base bottoms. I dispute this view, clearly, as discussed below. Even with recent market weakness, including this morning's abrupt downside...
29Aug3:45 pmEST
Hey, Zuck: You Want Some Elk, Brah?
Meta Founder and CEO Mark Zuckerberg's recent appearance on Joe Rogan's incredibly popular podcast made tons of news due to Zuck's revelations about the Biden/Trump election. However, I suspect the real reason for Zuck even choosing to go on as a guest in the first place centered much more around the need for Meta to rebuild its brand after...
29Aug10:23 amEST
View: Starbucks Will Lose 50% of Its Value Over the Next Year
Starbucks, a poster child for the indomitable American consumer since the 2009 lows, has already made a legend for future generations out of current CEO and Founder Howard D. Schultz. Schultz left and then came back to SBUX as CEO over the years, and there is no doubt of his business acumen. The brand is iconic and represents a way of life for...
28Aug9:32 amEST
Weekend Overview and Analysis 08/28/22 {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...
26Aug11:07 amEST
Hey, There He Is! There He Is!
We took a contrarian view on Powell headed into his Jackson Hole speech this morning, both here and with Members inside the service, as we expected him to come out with a far more hawkish tone than many expected. And he delivered. True, he could have done an inter-meeting rate hike. And, true, he could have come out swinging with higher rate...
25Aug3:32 pmEST
The Market Sure Bought Lots of Rumors...
...and now the issue is if they sell the news. With Powell set to speak tomorrow morning out at Jackson Hole, markets are jubilant with optimism that he will continue to largely be a stock market softy, for all intents and purposes. Specifically, even though he has tapered assets purchases and made some historically aggressive rate hikes the...
25Aug11:06 amEST
Inflation Reverses Things You Take for Granted
The good ol' American cup of Joe. A hot cup of java. A cup of coffee is still relatively cheap in most places in America, provided that you are not dressing it up with tons of additions at a Starbucks or some hoity-toity restaurant, cafe, or hotel. Even then, coffee is still one of the remaining reasonably priced daily items for most Americans...
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...
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“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.
