MarketChess
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14Feb4:53 pmEST
Stock Market Recap 02/14/23 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...
14Feb10:43 amEST
Two Words: Violent Indecision
We can look at charts and price levels all day if we want. But there is indeed something to be said for properly ascertaining the nature, tone, and tenor of the price action itself. And when we do, you will note the uptick in random price swings, fades both ways, and general indecision of late. Bulls seem cocksure on a nonstop short squeeze...
13Feb10:41 amEST
Officially Time for a New Decade
Although we are a few years into the current decade it seems like a new regime change continues to develop even though many deny its staying power. Specifically, for all but the highest net worth people in America it is highly likely that folks with money invested in markets will face tough decisions ("first world problems," as they say) as to...
12Feb9:25 amEST
Weekend Overview and Analysis 02/12/23 {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...
10Feb12:20 pmEST
The Ol' Head-Fake Jump
While bulls argue the last few days of weakness is yet another buyable dip and a benign consolidation after the one-way rally since 2023 began, when we examine, for example, the ARKK daily chart (below), there are more concerning items in play. First and foremost, Cathie Wood's growth stock fund is still sporting a declining 200-day moving...
09Feb3:32 pmEST
The Chart di Tutti i Charts
Are you sure rates have topped out? No, I mean, like, really, really, sure? Because if not, and you probably know I believe they will go much higher, many of the assumptions built into this risk-on rally in early-2023 can reverse rather ruthlessly. On the weekly chart for TNX, which is the Index for rates on the 10-Year Note (the big round...
09Feb10:14 amEST
Modern Battle Cry
"I do not know with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." - Albert Einstein. Let's face it: The nuclear threat overrides plenty of factors when considering the next all-out World War threat, which is why we have seen variations of it on smaller scales ever since the end of WWII....
08Feb10:55 amEST
I'll See Yous in the Funny Papers
Plenty of talk about Microsoft and Google competing for search now, which I expect to stay in the "papers" and headlines for the foreseeable future. For our purposes, though, nothing has changed. Both stocks are in bear market trends, as the weekly for Alphabet, below, illustrates since late-2021. Note the failure today at prior early-2021...
07Feb10:46 amEST
Low Winter Sun Staring at You, Jay Powell
The Fed Chair will be speaking around 12:40pm EST today. And while it may very well be a formality of a speech before an economic council in D.C. you may have noticed the rhetoric shift in recent days from Fed people in light of last Friday's hot jobs number. Stocks are mixed in front of his speech, with the likes of BBBY giving back a heavy...
06Feb10:16 amEST
This is a Front-Runaround Sue Market
Just as markets began to front-run what they perceived as a peak in inflation and a new era of disinflation (as Jay Powell himself basically said last week) since the swing lows back in October 2022, then began to aggressively celebrate a possible soft landing in recent weeks on top of that, if there are second thoughts about that now we could...
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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.
