MarketChess
Showing articles 721 - 730 (6608 total)
27Jul12:00 pmEST
More Pain Needed Before A Fed Pivot
I must stay that it seems a bit odd to find myself in the position of sticking up for Jay Powell's intestinal fortitude, given his penchant over the years as Fed Chair for acquiescing to markets just when it looked like he was sticking to his guns of (relatively) hard monetary policy. However, the plethora of calls I continue to see for an...
26Jul3:26 pmEST
The Eternal Bear Market Debate
Is it a base bottom after a large prior decline in price, or is it merely another consolidation in an ongoing bear market before the next brutal move lower ? One can, essentially, boil many charts down to that issue throughout the course of a bear market, as we are in with the major indices operating below declining 200-day simple moving...
26Jul10:20 amEST
Carnival is the Walmart of Cruise Lines
You will pardon me for hijacking the title of this blog post from a 2019 article I came across . From a stock market perspective, and especially in light of the WMT earnings selloff, I find the comparison fascinating as Walmart made a point on the call that many more consumers are doing their grocery shopping at the giant store, presumably...
25Jul3:30 pmEST
You're Either Natty or You're Not
The highlight of today's otherwise slow-as-summer-doldrums session today figures to be the impressive moves across the energy complex. We have been consistent in tracking the potential of the group. And now comes the stiff test as to whether energy bulls can fight through a loaded coming week of earnings the FOMC, other macro data points like...
25Jul11:40 amEST
The Great Energy Tug-of-War
Last week we charted, on several occasions, various bullish inverse head and shoulders bottoms in the energy sector, be it the USO ETF for crude itself or the XOP ETF for exploration firms. But we can chart as many of those as we like at this point. The real crux of the issue is how the market sorts out the tug-of-war taking place between...
24Jul9:26 amEST
Weekend Overview and Analysis 07/24/22 {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...
22Jul11:28 amEST
Over the Tech Top
The SNAP bloodbath today is a good reminder that the Nasdaq bear market is not likely to be over. In fact, my view is that with the likes of TSLA still richly valued (among many, many others despite steep price drops this year) we could easily have a long ways to go in the next few quarters before I would be prepared to declare a major bottom...
21Jul4:34 pmEST
Stock Market Recap 07/21/22 {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...
21Jul10:50 amEST
The Heart of Summer Action
With a fair amount of Wall Street away from their desks in the heart of summer the day-to-day swings we continue to see should not come as too much of a surprise. TSLA is enjoying a nice post-earnings pop, but it does not seem to be carrying the Nasdaq higher as bulls may have expected. Instead, we are left with a mixed, soft session with less...
20Jul10:40 amEST
A Seaside Heights Rally
Led by high quality names like Coinbase, Cathie Wood's ARKK (below on the updated daily chart) is staging a mid-summer revival of sorts as price clears well-defined multi-month resistance this morning. I am being cheeky, of course, in referring to COIN as high quality--In fact, this rally is rather trashy, as we have some of the highest beta,...
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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.
