MarketChess
Showing articles 661 - 670 (6616 total)
26Sep3:23 pmEST
Picture It: Wall Street, 1937
Unlike some other folks I do not pretend to know every micro move of the market--Calling every little single top and bottom, sometimes intraday, and then going radio silent when said call does not pan out. Instead, you get me here every day working through markets in real-time with real money. Thus, we would be remiss not to point out the 1937...
26Sep10:52 amEST
The Rally Everyone Sees Coming
While I admit I did take some partial profits in shorts this morning off the opening bell I am reticent to embrace the idea that an imminent, strong rally is materializing. True, you can point to some mildly oversold metrics coupled with elevated put/call ratios. But, as we hav noted with Members, bear markets have different thresholds for...
25Sep9:59 amEST
Weekend Overview and Analysis 09/25/22 {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...
23Sep9:58 amEST
We Need More Fear, Dear
You may have noticed the very same folks who hold themselves out to the world as being superior to "Twitter Furus" or the like are now thoroughly succumbing to the very thing they criticized--Trying to either "nail" every single tick in a random (near-term) bear market or, in hindsight, sell a story where they are so hedged that they "win" in...
22Sep11:12 amEST
Lots of Bottom Callers Out There
So let me get this straight--Less than twenty-four hours after a much expected short squeeze rally after the FOMC reverse down hard to multi-month lows we now have a ton of bottom-callers out there this morning saying we are oversold and that sentiment is way too bearish? Recall that, as we noted last week, sentiment analysis in bear markets...
21Sep4:22 pmEST
Stock Market Recap 09/21/22 {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...
21Sep10:50 amEST
Human Nature Repeats for a Reason
It was not too long ago that market players (newcomers and surprisingly a ton of veterans, too) were proclaiming a new era where "stonks only go up," (sic) mostly due to The Fed, fiscal stimuli, and a plethora of retail participation speculating on easily accessibly apps and platforms taking on tons of risk via margin. Currently, a chunk of...
20Sep3:28 pmEST
What if None of it Has Been Priced In?
Back in early 2020, as Coronavirus headlines swirled around the world, U.S. stocks totally ignored them well into February. It became a common trope that it was all priced in, as clearly the market was well aware of the headlines and the spread of Corona to many countries besides China (Italy e.g.). Of course, a few weeks later the market...
20Sep10:14 amEST
A New Regime Means ARKK is a Dead Duck
The above chart, courtesy of Jeff Weniger, illustrates the regime change already well underway with value stocks outperforming growth after the prior extended bull run for growth. In hindsight, with rates so low for so long growth essentially had open season to run higher and higher. But as always in markets, it comes time to pay the piper....
19Sep11:12 amEST
You'll Get Over It, Baby
Many moons ago I was sitting at a limit hold 'em poker table at the Harrah's Casino in the French Quarter, down in New Orleans. An elderly, frail man with a trachea voice box was gambling it up and playing every single hand, the hallmark of a reckless long-term losing player in poker. Of course, anything can happen on any given night in poker,...
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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.
