MarketChess

Showing articles 121 - 130 (5960 total)

14Jun10:56 amEST

Dead Ahead of The Fed

I am not expecting too much from equities today as we await the FOMC tomorrow afternoon at 2pm EST. Yesterday late in the session the Wall Street Journal's Fed reporter (practically a tradition on Wall Street for The Fed to have a "leaker" at the WSJ) floated the idea that The Fed will raise by 75 basis points tomorrow due to sticky high...

13Jun3:25 pmEST

At Least One Major Cruise Line Will File Bankruptcy in 2022

I think Carnival (CCL, below on the monthly chart) looks the most vulnerable here, as it is closer to its pandemic (and multi-decade lows) than NCLH and RCL are. However, all of the major cruise lines are trading poorly and are over-levered, debt-ridden consumer plays which have benefitted from the Stimmies' sweet spot and cabin fever desire to...

13Jun10:21 amEST

Multiple Black Swans

The crypto calamity is rightly getting tons of attention this morning, especially since it dovetails with the selloff in equities. However, the spike higher yet in rates ought not to be overlooked, as well as the issues Japan seems to be facing in its bond market.  Turning to our own Treasuries, however, we can see the updated TLT daily chart,...

12Jun6:55 amEST

Weekend Overview and Analysis 06/12/22 {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...

10Jun10:30 amEST

A Short and Hold Idea

I went short MasterCard yesterday with Members, planing to swing the position for a good while if all goes well.  Simply put, I have had a hard time not believing the monthly chart for MA, below, is sporting a major topping pattern after more than a decade of almost nonstop bull market wins.  As you know, MA is an iconic credit card global...

09Jun4:26 pmEST

Stock Market Recap 06/09/22 {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...

09Jun10:51 amEST

The Near-Term Fate of Markets Rest on These Two Setups

A bit dramatic? Sure. But with the algos playing ping-pong pretty much all this week in front of the CPI data tomorrow morning, followed by the FOMC and OpEx next week who can blame me? As QQQ flirts with $305 support, we have TSLA giving bulls a glimmer of hope for a rally just as economic negativity seems to be reaching critical mass.  On the...

08Jun2:17 pmEST

Stuck in the Middle with You

We typically do not get this sort of "summer doldrums" action until after the July 4th break.  However, in front of CPI this Friday, then FOMC next week with OpEx, our core thesis with Members over the weekend in our full Strategy Video was a lull into at least CPI. Thus, keeping things light and tight was probably correct as that lull clearly...

08Jun10:16 amEST

Now This is a Battle

Early on we have some of the strongest parts of the market of late, like materials and shippers, looking at a shakeout while the beaten-down growth names, using ARKK as a reference point, leading the action higher.  Overall, the Dow is soundly red and lagging while many individual growth names are fighting to stage relief rallies higher.  With...

07Jun3:37 pmEST

Just Thinking Out Loud Here...

Should Treasuries not only fail to follow-through lower off Monday's weakness, but actually continue on higher after today's bounce (which means rates go lower), it would give bulls in both bonds and (growth) stocks the fodder they need to declare a bottom.  On the TLT daily chart, updated below, we can see that possible scenario as...

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