MarketChess
Showing articles 311 - 320 (6616 total)
05Oct10:52 amEST
It is a New Battlefield; Adjust Accordingly
The team with the longest winning streak in New Jersey high school football currently (33 games and counting) is Caldwell High School, a program with which I am quite familiar. The Chiefs, located in West Caldwell, have been a powerhouse for a school of their size--especially a public one--for many, many decades, with several state...
04Oct10:18 amEST
Where Are We Going, Where Have We Been?
The title of this post is a variation of the title of a short story by Joyce Carol Oates , “Where Are You Going, Where Have You Been?," featuring one of the most evil, cunning characters in modern American literature, Arnold Friend. Ironically, many literary critics have argued that Friend was not even a real character in the story, but...
03Oct10:59 amEST
It's Supposed to Be a Non-Judgmental Intervention!
With rumors swirling about Japan's Ministry of Finance intervening in currency markets to support the free-falling Japanese Yen, let us get one thing abundantly clear: Intervening (or perhaps the mere appearance and perception of it) in global markets by government entities and/or central bankers is always from a position of weakness and...
02Oct11:50 amEST
What's the Old Saying? Credit Leads
High yield corporate bonds (HYG ETF, first daily chart, below) are sporting fresh breakdowns this morning, not to mention junk bonds and investment grade corporates (LQD ETF on second chart). Simply put, credit is starting the month and quarter with a fairly resounding bearish tone amid higher rates. This action stands in stark contrast to the...
01Oct11:50 amEST
Weekend Overview and Analysis 10/01/23 {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...
29Sep10:31 amEST
Let Me Tell You a Couple of Three Things
Dow component and retail titan, Nike, below on the daily chart, is gapping up hard after earnings last evening. And just like with Disney, another Dow component, which gapped up in August after earnings, it would not shock be if all of the bullish cheers will soon be silenced again. Back on August 10th, Disney gapped up on earnings to a chorus...
28Sep11:10 amEST
Change the Seasons, But Not My View
With TBT, the ultra-short ETF essentially betting hard against TLT and betting on higher rates, poking above $40 this morning I decided to right-size my position in long TBT wither Members down to a regular, 2% size (meaning 2% of my dedicated Market Chess educational portfolio)--My cost basis on the overweight position was $28.85 and I have...
27Sep10:45 amEST
Look Who's Gapping Up with Oil
On the second daily chart, below, for the USO (ETF for crude oil), we see the recent tight bull flag that we highlighted with Members resolving sharply higher this morning. In addition, on the first daily chart we have the gasoline futures ETF, UGA, finding buyers on its recent dip. Recall that, seasonally, we are well beyond the peak of...
26Sep11:36 amEST
No Consolidation Lasts Forever
With the month and quarter coming to an end this Friday by the closing bell, have a look if you would, please, at the month and quarterly charts, respectively below, for the IWM (ETF for the small caps in the Russell 2000 Index). You are taking about uniquely extended periods of consolidation, to the point where many are assuming--rather...
25Sep11:16 amEST
You See Bottoms; I See Complacency
Stocks are slowly dripping lower with modest intraday bounce attempts, for now at least. However, the noteworthy action this morning is that both rates and the Dollar are spiking. I have not been shy at all in voicing my view that, ultimately, a new bond secular bear market is underway and that will be the undoing of the great equity chase...
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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.
