MarketChess
Showing articles 121 - 130 (6600 total)
13May11:46 amEST
Stocks Keep Living the Riviera Life
The old timers would say that another round of "meme stonks" like AMC and especially GME blasting off today is a surefire sign of a market top. Of course, many would (and are) counter that we are in a new market, a new world of stocks only going up and any and all dips rendered amazing buying opportunities, where "old timers" are obsolete...
09May1:50 pmEST
No Jinx
We have another slow melt-up type of tape today in equities, as semiconductors slightly lag due to AVGO NVDA SMTC weakness. This type of action has become so commonplace that no-one even bats an eye anymore, including hardcore bears, when we see the opening thrust down immediately met with a V-shaped buying program and a subsequent grind the...
08May12:28 pmEST
You Cannot Anime Your Way to Prosperity
A diving Japanese Yen currency in April began to worry the developed economy central banks and governments to the point where we saw a clear Japanese intervention into their own currency. The level which seemed to cause the most alarm was $160 on the Dollar/Yen cross, seen on the monthly chart, below. Given that the Yen is the denominator in...
07May1:08 pmEST
Chasing the Mystery
Much debate is currently swirling about whether we are, in fact, seeing another wave higher of inflation or, instead, inflation is either flat-lining or even receding. There seem to be intelligent, well-studied folks on both sides of that debate. Housing and rents figure to be the tiebreaker. And as we know, real estate can be inherently local...
06May12:31 pmEST
The Time is Now for Commodities
While skeptics will surely point to the recent unwind in cocoa's parabolic move, the reality is that commodities are staging an impressive, broad-based rally today after some generally mild recent consolidations almost across the board. You may also notice that some of the more notorious commodities, regarding prior false breakouts and...
02May11:42 amEST
A Hangover Into Apple
Although I have strong personal opinions about Powell and The Fed, the fact remains that the market is still sorting out the FOMC yesterday and all of its possible ramifications. Hence, it is probably not too instructive to spend much more time in a blog post bloviating about the current monetary policy. Far more relevant and tangible for us...
01May12:01 pmEST
Breaking Away
You may be surprised to know that shares of Starbucks are currently trading at the same spot they were five years ago nearly to the day. This is a consequence of the latest earnings gap down last evening, amid terrible comps. On the updated monthly chart for SBUX, below, you can see the monstrous breakaway gap lower--To see such a gap on the...
30Apr1:11 pmEST
Occam's Razor Earnings Season
Although the headlines last Thursday evening noted that Microsoft was "surging" after earnings alongside GOOGL, the aftermath has been anything but that for "Mister Softee." As a reminder, MSFT is the largest publicly-traded firm in America, at nearly $3 trillion. A blowout earnings rally in AAPL NVDA, or further rampage in GOOGL may unseat...