MarketChess
Showing articles 21 - 30 (6586 total)
12Sep12:11 pmEST
Sneaky Pal
In the wake of gold printing a new high today we have Palladium making a sneaky push higher, too, after a protracted period of poor performance. On PALL, ETF for the Palladium precious metal, below on the updated daily chart, we see the move above the 200-day moving average to confirm an inverse head and shoulders bullish bottom, which took all...
11Sep12:39 pmEST
Once Again, the Price Swings ARE the Message
The continued intraday wild price swings across this market are effectively making mincemeat out of just about all traders of late, as one minute bears are celebrating and the next bulls are foaming at the mouth for a squeeze to new highs...only to see the market come right back down and start the whole process over again. As we noted inside...
10Sep12:48 pmEST
Dimons Are Not Forever
On the back of rate cuts hopes we have seen banks melting up since the August 5th lows even more than other sectors did in that time. JPMorgan, in particular, with its highly visible CEO Jamie Dimon, was right at the forefront. In fact, inside the service with Members we noted that the $215 level on JPM's chart seemed like a good spot to see...
09Sep11:57 amEST
A Natural Buffer
I went short small caps last week inside the service for Members using a long bear ETF as a way to play for the fashionable rotation play over the summer to unravel. Thus far we have seen some weakness out of the IWM, ETF for the Russell 2000 Index. However, the larger point seems apparent when we zoom out to a longer-term timeframe, beyond...
05Sep1:25 pmEST
Face/Off for the Head/Off
The Nasdaq Composite Index, updated below on the daily chart, now has a high quality setup to rug-pull a sizable portion of market participants. Specifically, we have competing head and shoulders patterns, each highlighted below. The top one is, of course, a bearish head and shoulders top setup. And with the recent rallies, selloffs, backing...
04Sep1:23 pmEST
Then You've Already Lost
"If you must resort to violence, then you've already lost." -John Connor (Sean Connery), Rising Sun (1993). Don't look now, but the Japanese Yen currency is strengthening again. As we saw (briefly) in early-August, when the Yen moves higher it pressures the much-ballyhooed "Yen carry trade," where speculators have cheaply borrowed the...
03Sep11:44 amEST
Back to School Equals Back to Basics
As opposed to the rest of the country, here in the northeast the Labor Day holiday, as much as anything else, is synonymous with K-12 schools kicking off the new year. And with that new school year of education one has to wonder if the market, itself, will get back to basics. Specifically, bearish chart patterns have mostly become so...
30Aug1:15 pmEST
The Ultimate Standoff
With such historically aggressively interventionist monetary and fiscal policies since the global financial crisis--and even more since the pandemic--one ought not be surprised (even though many are, clutching pearls firmly in hand) that the overarching theme in markets and the economy is bifurcation. The financial news media has referred to it...