MarketChess
Showing articles 271 - 280 (6469 total)
25May10:37 amEST
Where There's Smoke, There's...Divergences
Another day, another session of glaring divergences which bulls are clearly mocking due to shares of NVDA launching a rocket to the moon and trading about 25% higher as I write this. Still, small caps in the IWM ETF are down by nearly 1% right now after shedding 1% yesterday, and rates and the Dollar continue to push higher yet. High yield and...
24May11:09 amEST
When Pride Still Mattered
Back when pride still mattered even the most cutthroat of politicians would be willing to strike a bipartisan deal on something like the debt ceiling headed into a somber, flag waving holiday like Memorial Day weekend. But times are different now. And I have seen very few people even remark about trying to get a deal done lest we spoil the...
23May12:26 pmEST
The United States of Credit {Video}
In the following video we analyze the weakness in MasterCard (MA) and Visa (V) today and what it means overall both for those stocks and the market and economy at-large.
22May1:28 pmEST
It's a Free Country, Brother
Last year I penned a blog post where I wrote that Starbucks had substantial downside. Clearly, that was wrong as the rally in 2023 as SBUX opened the year at $100.56 and went as high as $115.48 on May 1st. However, viewing the updated quarterly chart, below, as the great liquidity drain from markets has seen various long-term charts extend up...
21May10:05 amEST
Weekend Overview and Analysis 05/21/23 {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...
19May3:12 pmEST
Just When No One Believes in Them Anymore...
Just when no one believes in reversal candlesticks anymore, to the point of not only failing to care enough to mock them (and bears) but outright display apathy to them, we have big, bad, Alphabet with its AI kick sporting a glaring bearish reversal candle today after a steep rally poking above its upper daily chart Bollinger Band (below). All...
19May11:28 amEST
Steam it Up
No fancy explanations here (more full analysis with Members). No over-analysis. Simply put, my call is volatility has bottomed for the rest of Q2 and possible into Q3. With vol having been crushed this much so far in 2023 headed into bearish seasonality and a ton of risk events/headwinds, the table is finally (finally!) set for asymmetrical...
18May3:14 pmEST
There's Something About AI
More divergences piling up outside of the AI craze in NVDA GOOGL, etc.. Besides glaring weakness in China plays, we have the REITs, below on the IYR ETF daily chart, soft and threatening to continue lower as rates move higher. DRV is a more liquid bear ETF than SRS worth watching for the group. I understand it seems like "nothing matters" for...
18May10:08 amEST
Triple Play Divergence
"But the Nasdaq doesn't care," is a popular--and true--refrain from bulls right now, when hearing of various headwinds and negative divergence equities are facing. Indeed, seeing NVDA pop above $300 this week is truly something to behold. That said, one of our two main scenarios with Members was that we would see a final pop higher in markets...
17May11:15 amEST
It was Japan All Along
We have discussed the bearish action in China names quite a bit lately, be it the FXI country ETF or the KWEB ETF for high beta China internet names. Indeed, the weakness in China, including relative softness to the Nasdaq in this morning's tape, has taken quite a few bulls by surprise who had been adamant that a China re-opening would spark a...
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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.
