MarketChess
Showing articles 171 - 180 (6600 total)
10Mar9:43 amEST
Weekend Overview and Analysis 03/10/24 {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...
08Mar1:51 pmEST
Reversal of Fortune
In last evening's full recap video for Members we discussed the idea that most State of the Union Addresses do not move markets very much, if at all. In fact, it is often something of a red herrings for trading to try to trade off it, despite all of the coverage and analysis surrounding the event. However, the jobs report this morning was a...
07Mar12:51 pmEST
Reminiscent of a Certain Time and Place
As NVDA and the semiconductors continue to blow-off (headed into AVGO earnings tonight), I cannot help but recall this same early-March period in 2009. Of course, back then instead of going up every day we had the market going down nonstop. There were many bold calls for the S&P eventually go down to 400, some even calling for 200 and 100 with...
06Mar11:19 amEST
A Profile in Cowardice
It is fascinating to see that, despite the plethora of seemingly hawkish comments by Chair Powell this morning in front of Congress, Bloomberg ran a YouTube clip soundbite with the title, "Fed Chair Powell: Likely Appropriate to Cut Rates This Year." Even though Powell's "likely appropriate" comment on rate cuts came before and after a...
05Mar12:29 pmEST
Bring on the Passive Aggressive Types
The main reason why textbook bearish head and shoulders topping patterns tend to work so well at ushering in new bear markets and are quite obvious (in hindsight!) is, ironically, that they have failed numerous times on the way up during the bull run. And in this liquidity-driven bonanza since 2009 and especially since the pandemic that...
04Mar11:14 amEST
More Dignified Action
Amid plenty of other issues in markets and the world, it is quite easy to overlook the recent strength in natural gas after a prolonged period where natty bulls displayed unrivaled ineptitude. On the UNG ETF daily chart, updated below, the gap up today is a sizable one. And over the last few weeks we have seen some tangible evidence of at...
03Mar8:34 amEST
Weekend Overview and Analysis 03/03/24 {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...
29Feb11:44 amEST
It's Called Stealth for a Reason
The Nasdaq just faded to red as I am writing this. However, bears clearly need much more gusto than that to the downside in order to cement any kind of top. That said, I expect the stealth distribution in "Magnificent 7" names AAPL TSLA and now GOOGL to prove to be a leading indicator of where this market is headed in March, and perhaps...
28Feb12:10 pmEST
Floating the Idea of a Berkshire Top
Monday's big downside reversal after surging to fresh all-time highs for Berkshire Hathaway "A Shares" was noteworthy since it was, among other factors, occurring the first trading session after the Berkshire Annual Letter hit the news headlines all weekend with Warren Buffett's thoughts on markets and life. In addition, Berkshire's stock has...