MarketChess
Showing articles 771 - 780 (6635 total)
07Jul10:52 amEST
The Most Overlooked Headline of the Summer
Just yesterday, the European Parliament backed EU rules labeling investments in gas and nuclear power plants as climate-friendly. In other words, nuclear is becoming less stigmatized as the energy crisis in Europe reaches full throttle. In my view, this makes for one of the most overlooked headlines in a summer chock full of them. For the...
06Jul10:12 amEST
Working with a Thin Margin of Error
Biotechs are still mostly working into a mixed tape this morning, as the market likely awaits the Fed Minutes at 2pm EST to gain insight into The Fed's thinking about looming rate hikes and the pace of them. ARQT and IONS, respectively below on their updated daily timeframes, are two high quality charts we have been tracking closely with...
05Jul3:45 pmEST
Got My Toes in the Water, Corny Country Music in the Sand
Although I cannot claim Zac Brown Band is my type of country music (check out Colt Ford [below] or Danny Boone instead), I do indeed also have some toes in the water now just like one of their top songs. With the rally in growth stocks holding deep into the afternoon, it appears that the crush in oil may be enough until the middle of the month...
05Jul10:52 amEST
Lots of Horsemen Out There
Despite a sizable thrust down on the indices at the open we now have a situation with glaring relative strength for those paying attention, as we strive to do with Members consistently through all types of markets. Thus, although this market is far from what I would describe as healthy and thriving all the way around for bulls, seeing the...
03Jul1:24 pmEST
The Panic of 1907
The Panic of 1907 was a six-week stretch of runs on banks in New York City and other American cities in October and early November of 1907. It was triggered by a failed speculation that caused the bankruptcy of two brokerage firms. But the shock that set in motion the events to create the Panic was the earthquake in San Francisco in 1906. The...
02Jul12:55 pmEST
Van Tharp on Position Sizing
via YouTube: Size really does matter in the markets! Position Sizing (a term coined by trading coach Van Tharp), tells you how much to risk on any particular trade. It is one of the most important concepts that any trader should know. Van Tharp has also written The Definitive to Position Sizing Strategies, a desk reference for serious traders.
01Jul12:28 pmEST
To Short or Not to Short?
By now it may not be a reach to declare the bullish seasonality argument for July to be well-known, if not an outright literal rallying cry for a market which continues to flounder. As the S&P 500 Index struggles to reclaim 3800, one has to wonder if the July bull setup may be a nasty trap which spawns a new leg down in the bear market. What...
30Jun10:51 amEST
It's Not Adding Up
After a promising start to the week, oil stocks are giving up the ghost as we speak which is all the more an issue for the market given the persistent selling in growth and tech stocks. We are in a seasonally stronger period for the next few weeks. However, this price action is not yet adding up to something actionable on the long side as I...
29Jun11:06 amEST
Morgan Stanley Agrees with Market Chess on Carnival
Fresh multi-year lows for cruise line Carnival this morning, as a Morgan Stanley analyst slashed the price target down to $7, and also laid out a super bear thesis for shares to go to $0 with a potential demand shock looming. A few weeks back, we noted that we expect one of the major cruises, CCL NCLH or RCL, to file bankruptcy in 2022....
28Jun3:23 pmEST
A Downhill Threat
I came into today with a few longs on to probe the bear market rally thesis and bullish seasonality. But clearly the duration and size of the intraday selling off the opening pop took my aback. I felt fortunate to get out of one of the longs with modest, while stopping out of another. As it stands now, my chief concern is the likes of junk and...
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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.
