MarketChess
Showing articles 191 - 200 (6461 total)
24Aug10:36 amEST
More Like Jenga Huang
In spite of the NVDA euphoria last evening, we have the Nasdaq struggling this morning at the 50-day moving average (dark blue line and arrow, below, on the Nasdaq daily chart), an area we highlighted yesterday. Should bulls fail here, especially into Jackson Hole, it opens the door perfectly for a new leg down with trapped longs. As for...
23Aug1:13 pmEST
Silver and Miners, Long Time No Speak
In a safety deposit box at a bank not far from where I live I have a chunk of Chinese Gold Panda coins from various years in the 1980s as part of my physical precious metals holdings. Naturally, I am looking for gold to skyrocket in price over the long-term as entrenched inflation takes its toll, eventually, on the Dollar, and investors,...
22Aug1:40 pmEST
It's Still Early in the New Value Trap Era
-Value traps are investments that are trading at such low levels and present as buying opportunities for investors but are actually misleading. -For a value trap, the low price is often accompanied by extended periods of low multiples as well. -A value trap is often a poor investment: the low price and low multiples mean the company is...
21Aug12:12 pmEST
I am Just the Messenger
Do you know which stocks and sectors are not buying the bunch of baloney that NVDA and TSLA re trying to tell you today? Regional banks and REITs mostly. But also China stocks (again), and small caps in general as rates on the 10-Year Note challenge their prior October 2022 highs. In a rather pathetic (in the true sense of the word, pathos)...
20Aug9:00 amEST
Weekend Overview and Analysis 08/20/23 {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...
18Aug2:26 pmEST
Too Many Blokes Looking to Buy
You may have noticed even fairly hardcore bears expect a bounce right here, as the natural inclination after quarters of constant melt-ups and snapback rallies can certainly distort expectations for a more normalized market. However, my overall bearish view remains intact and I see no reason to become infatuated with possible very near-term...
17Aug1:26 pmEST
Consider Where the Real Pain Is
Just take a step back and consider, objectively, how many seasoned Wall Street veterans are bullish on bonds for any number of reasons. First and foremost, there are those who believe an imminent credit event is upon us, and therefore there will be a scramble into Treasuries as The Fed inevitably cuts rates to cope with the crisis. Others see...
16Aug11:49 amEST
We've Got Ourselves Some Twin Peaks
The much ballyhooed "July breakout" in stocks saw one of the most ostentatious displays of arrogance, hubris, and outright obnoxious behavior I can recall from bulls since early-2021. But even back then, early-2021 was much more about pressing for one more good "YOLO" trade as opposed to last month where the rallying cry centered around...
15Aug11:13 amEST
Easy There on Chasing Old Warren This Time Around
Headlines are swirling with the latest disclosure from Berkshire that Buffett has bought into three homebuilders: DHI LEN and NVR. There are a few ways to look at these new bets, with perhaps them being hedges for the home remodeling businesses already owns which have been slowing date of late. After all, if new supply of homes is the issue,...
14Aug12:32 pmEST
You Might Have Forgotten, But the Market Did Not
We can go back sixteen years, to the infamous 2007 bull market top, and the regional banking sector ETF (KRE, below on the monthly chart) will show a distinct sensitivity to the $50 (horizontal light blue line) area which will surely be mocked by many new age traders in the market as being a kind of antiquated way of looking at things. 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.
