MarketChess
Showing articles 171 - 180 (6633 total)
19Apr2:35 pmEST
War Was Never Part of My Bear Case
While it may be tempting to play geopolitical expert and go play-by-play all night with headlines out of the Middle East, I believe it is a mistake for bears to hang their hats on WWIII as a critical part of their case. From my perch the more market-relevant development has been the rally and sticktoitiveness of rates, especially on the 10-Year...
18Apr2:08 pmEST
Now We See How Much of a Leader Apple Remains
In a testament to just how rabid the animal spirits have become on Wall Street these days, the glaring weakness in Apple in 2024, heretofore, has barely put a dent in the broad market for all of winter and a fair amount of Q2. No, for all of Q1 the likes of NVDA and SMCI, not to mention Magnificent 7 peers like MSFT META NFLX, and others,...
17Apr11:52 amEST
One DJT is More Important Than the Other DJT
During this election year, especially, amid the news flow and court proceedings it is completely understandable why the Trump Media new ticker, DJT, would garner plenty of attention from traders and even Main Street casual market watchers alike. However, from my perch the other DJT, which stands for Dow Jones Transportation Average ticker, on...
16Apr3:10 pmEST
Sending Out an SOS on the SPR
It has been a tedious, choppy, back-and-forth session for the most part today. Apple is notably weak and in danger of giving up all of its recent bounce. And that seem especially bearish given how so many folks seemed hell-bent on precisely calling the bottom in the name to bet on considerable, imminent upside. Powell gave some hawkish remarks...
15Apr11:25 amEST
Don't Lead Me On
While I am certainly no stranger to the variance (volatility) associated with all forms of speculation and gambling, the sheer amount of gaps-up-and-then-fight-to-fade-all-day we have seen in this market rivals anything I have ever seen. Over the weekend I went back in time and studied the price action from the 1970s on as many timeframes as I...
14Apr11:32 amEST
Weekend Overview and Analysis 04/14/24 {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...
12Apr12:28 pmEST
Giving Me the Iran-Around Sue
Purely from a market perspective, we may need to gear up for another weekend of the Iran Runaround game, with threats of attacks on Israel supposedly imminent, which always seem to be postponed. As it stands now, the VIX and many stocks are taking the threat seriously, on top of the JPM earnings selloff with CEO Dimon sounding the alarm bells...
11Apr12:28 pmEST
If the CPI Report Don't Fit, You Must Submit
After yesterday morning's red-hot CPI report, bulls are now latching onto a cool headline PPI print this morning with (oddly) "seasonally adjusted" lower gas prices, even though gasoline has clearly been rising. At any rate (no pun intended), the Nasdaq is leading today's bounce even as both rates and the VIX are higher as I write this. Energy...
10Apr12:35 pmEST
Inflation Whiplash
Another hot CPI report this morning, with emphasis on gasoline and shelter prices, has doves running for cover as rates on the 10-Year push above 4.5%. An earlier dip-buy attempt in equities seemed initially convincing but has since sputtered. Overall, inflation looks to be staging another leg higher for a kind of whiplash effect off what many...
09Apr1:00 pmEST
Here's the Thing About Rip Van Winkle
...even he woke up, eventually. You may notice that the monthly chart for the premier copper miner, Freeport McMoran, below, looks an awful lot like the monthly chart of the silver metal. Both charts are threatening to emerge from multi-year symmetrical triangles within the context of decade-plus sideways/dead money periods. And just as Rip...
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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.
