MarketChess
Showing articles 321 - 330 (6478 total)
05Apr11:41 amEST
The ARKK is Taking on Water
I am still short ARKK via a long SARK play. And as you can see below on the updated daily chart Cathie Wood's growth stock buffet is at risk of support trend and the key $38 level. Given the Nasdaq rally in Q1, the ARKK weakness is all the more concerning to the bull case. Going forward, I continue to look for another meaningful leg down in...
04Apr9:26 amEST
No Rate Cuts Without Calamity
After the spike up in crude oil so far this week, let us also remember that winter is behind us and summer driving season ahead. UGA, the ETF for gasoline futures, has been quietly flagging on the monthly timeframe, seen below. If this flag uncoils higher say, above $70, as we see gas prices rise nationwide I have a hard time seeing even this...
03Apr10:51 amEST
Oil Up, Tesla Down; New Quarter of Attack
"Get up. Dust off. Reload. Re-calibrate. Re-engage – And go out on the attack.” – Jocko Willink Just in time for the new month and quarter (funny how that works), OPEC+ meaningfully slashes oil output to send crude prices higher. Oil services names like RIG, which started off 2023 red hot before cooling off amid the tech rally, are back at it...
02Apr10:07 amEST
Weekend Overview and Analysis 04/02/23 {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...
31Mar11:44 amEST
Don't Let the Door Hit You on the Way Out, Q1
I, for one, am thrilled at the prospect of the calendar flipping to April and the second quarter of trading kicking off next week. Q1 for 2023 featured, after an initial squeeze to kick off the new year, endless head-fakes, whipsaws, range probing and the like. Headed into this year with Members, my view was that January into even mid-February...
30Mar12:10 pmEST
Sugar Coated Rally Mountains
The great sugar bull market continues, as illustrated by the thinly-traded SGG ETN monthly chart pruning fresh highs, below. With sugar on a tear it is tough to see inflation collapsing anytime soon, especially given the ubiquity of sugar in the modern American lifestyle. But as we wind down the first quarter of trading that has not yet...
29Mar10:41 amEST
Another Round
Amid higher rates we have stocks showing an appetite to gobble up just about anything, including some alarmingly negative commentary out of Micron last evening. Of course, with MU up 6% as I write this, not to mention LULU surging higher after earnings, bulls are feeling their oats again and calling for an imminent melt-up. As we have noted,...
28Mar12:22 pmEST
Mid-Caps Are So...Mid
via UrbanDictionary.com mid Used to insult or degrade an opposing opinion, labeling it as average or poor quality. "We waited on that album for 6 months but it was mid!" Mid-cap is the term given to companies with a market cap (capitalization)—or market value—between $2 billion and $10 billion. They are housed in the oft-overlooked...
27Mar1:24 pmEST
The Old Priceline is Negotiating the Current Price Line
Lost in the shuffle of the super resilient strength in the likes of AAPL GOOG META MSFT NFLX NVDA of late has been BKNG, a holdings company which owns Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. The dynamic suite of popular, online consumer booking websites and apps has been a monster...
25Mar12:03 pmEST
Rethinking the Oil Trade 03/25/23 {Video}
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“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.
