MarketChess

Showing articles 261 - 270 (6445 total)

11May2:46 pmEST

Battle on the Bridge

Imagine a market being fought in real-life on a bridge. On one side of the bridge we have the FANG mega cap monsters, and on the other we have the regional banks. In the middle of the bridge are many other sectors. Which side will wind up with the most manpower?  Well, for starters, if the REITs (commercial real estate in the IYR ETF, first...

10May11:46 amEST

Little Homebuilders on the Prairie

The strength in homebuilders since last October 2022's lows has indeed been impressive, even though the sector is still well below its prior late-2021 all-time highs as you can see on the XHB ETF weekly chart, below.  We can also see, however, prior support from earlier in 2021 now potentially converting into resistance. In fact, I am expecting...

09May9:50 amEST

Back in the Saddle

Seeing as the S&P 500 is trading pretty much exactly where it was one year ago at this time, it occurred to me that this period may very well be referred to as, "The Great Drain." So what is being drained? Brokerage accounts? Mental and emotional capital? Careers? Precious time on Earth? Perhaps all of those. However, I am specifically...

03May6:36 pmEST

Taking a Break After the Death of My Mother

Early one Saturday morning about a week after last Labor Day, September 2022, my mother called me and asked if I wanted to go down to Seven Presidents Oceanfront Park in Long Branch, New Jersey with her. I had other plans that day, but something told me to break them and go with her down the shore. And so I did. It was a glorious...

03May10:46 amEST

Enough Georgetown Cocktail Parties, Jerome

I know it is a tough world out there, Jay Powell. Everyone from Bill Ackman, hiding his ruthlessness behind a perfect facial exfoliation, to CEOs, long-only investors, economists, among others, are pressuring the esteemed Fed Chair to pause from hiking rates later today at the FOMC around 2pm EST. Beyond that, many are calling for Powell to...

02May12:50 pmEST

Evidence of My Conviction

I continue to view the current overall market structure as being one of the rare moments to have deeply held conviction that equities will eventually resolve sharply lower this year. And although I have had my fair share of stop-outs and miscalculations earlier this year insofar as the endless bids underneath the indices, I still see the lack...

01May11:22 amEST

Pre-Fed Pause with a Splash of NVIDIA

NVDA strength is masking an awful lot of red in tech-land this morning, although that is nothing new with this narrow market. The larger issue is whether the market is waiting totally on the Fed, come Wednesday afternoon with the FOMC. We also have AAPL earnings Thursday before the jobs report Friday to kick off the new month with a bang,...

28Apr1:33 pmEST

Dress Those Windows

Even with tech showing some relative weakness thanks to AMZN and SNAP selling after earnings, the reality is that this market is giving that all-too-familiar levitation dance into the end of month.  Indeed, it may seem like April went by fast but either way today marks the final trading day of the month which means w could easily be seeing...

27Apr10:14 amEST

Facebook Face/Off

We have META (formerly Facebook) and other large cap techs leading the Nasdaq higher early on, while chips are soundly red and the likes of ARKK lag behind. Regarding META itself, I see $250 just above spot price to see if we have the makings of a new uptrend or, instead, the final pop before a new leg down commences.  Overall, my sense is that...

26Apr12:22 pmEST

Bring it in for the Real Thing

To dovetail with the Microsoft earnings rally, shares of AMD MU and NVDA are leading a relief rally for the suddenly-lagging semis. I had scaled part of a SOXS bearish ETF trade with Members earlier this week but am now debating adding back to it given this bounce.  On the updated SMH hourly chart, below, the semiconductor sector ETF is getting...

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