MarketChess
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14Dec4:36 pmEST
Stock Market Recap 12/14/21 {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...
14Dec10:47 amEST
People Don't Start Playing Ball At Your Age, They Retire!
On the back of a sizzling PPI inflation reading this morning, the transitory gang should be all but fully immersed in the economic witness protection program at this point. And, yet, watching CNBC and the financial news networks this morning, the narrative has not totally acquiesced. Instead, the new expectation is for inflation to naturally...
13Dec3:46 pmEST
The Stop-Loss Searchers
Headed into the closing bell, you can see why pressing shorts in this sort of tape continues to be a challenge--Despite a red morning, bears were unable to accelerate the pressure lower into the afternoon. True, the meme stocks, AMC GME, were sold aggressively alongside cryptos ad crypto stocks like MARA RIOT. And NVDA TSLA were among the...
13Dec11:42 amEST
Person of the Year Cover Gets Sold
In what could easily have triggered another gamma squeeze frenzy higher in shares of Tesla this morning, especially with many adamantly calling for a holiday rally into New Year's Eve, TSLA is off by 5.5% as I write this and losing both the key $1000 level and its 50-day moving average despite CEO Elon Musk being named Time Magazine's, "Person...
12Dec11:03 amEST
Weekend Overview and Analysis 12/12/21 {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...
10Dec12:24 pmEST
It's Not About Ad Hominem; It's About Res Ipsa loquitur
Res Ipsa Loquitur Definition Latin for "the thing speaks for itself." After inflation rose to a 39-year high this morning, pre-market futures cheered initially. The talking heads on some prominent financial networks applauded Jay Powell for having "won, yet again," with the implication being The Fed is not, in fact, way behind the inflation...
09Dec3:35 pmEST
What Do GameStop and Costco Have in Common?
Costco headlines a late-season earnings lineup this evening, alongside AVGO CHWY ORCL--Names which have been big winners this cycle. After last night's GME dip which held to a heavy sell volume move lower in today's cash session (daily chart, updated below), I am looking at COST in particular tonight. Throughout the last decade-plus, indeed...
09Dec10:01 amEST
This Could Be MP's "Magnet Opus"
North America's main rare earth miner, MP Materials, announced this morning that they entered a long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM’s Ultium Platform. With about a $7.5 billion market cap, MP may very well have some impressive...
08Dec3:32 pmEST
20
As you can see on the zoomed-out VIX (and Index which measures fear in the options market) daily chart, every pop in volatility since March 2020, especially, has fairly quickly receded back under the 20 level. If you have been following our work for a while now, then you know we consider the 20 level on the VIX as a Mendoza Line of sorts,...
08Dec10:58 amEST
One Final Trap Before Autumn Ends
The final day of autumn this year officially falls on Tuesday, December 21st. Before we head into the winter night, it is worth pondering whether the markets have sprung a trap or two based on the latest barrage of headlines. Did stocks overdo it to the downside in recent weeks based on Omicron fears and a hawkish Fed? Perhaps, especially after...
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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.
