MarketChess

Showing articles 41 - 50 (5816 total)

21Apr10:02 amEST

I Regret to Inform You

I regret to inform you that this cycle is still about rates, Powell, and inflation, overall, in spite of the day-to-day various headlines about Elon Musk, or just about anything else outside of a nuclear bomb.  Shares of Tesla gapping up 10% this morning after earnings has more than offset a sloppy close by tech yesterday into the...

20Apr2:41 pmEST

I'm Still Short ARKK, and My Bet is Complacency Gets Punished

Using the SARK bearish ETF (via a long position inside Market Chess Subscription Services, just above $51.20 entry) as a proxy to go short ARKK, Cathie Wood's flagship ETF housing a plethora of incredibly rich growth and speculative stocks, I continue to press for ARK to revisit its COVID crash lows in the coming weeks and months.  While that...

20Apr10:09 amEST

Go Get 'em, Boys! Fight the Good Fight

After initially shrugging off the Netflix earnings implosion, tech is now leading to the downside with the QQQ ETF off by 1% and giving back a chunk of yesterday's gains. It was not all NFLX last night, however, as the likes of chip play ASML is quietly up 4.4% after earnings. However, let us not kid ourselves, with its trillion dollar market...

19Apr3:34 pmEST

Land of the Setting Sun

With volume running light on today's big rally in equities, some of other non-confirming aspects are: Rates on the 10-Year Note pushing higher yet, JNK red/flat most of the day, mortgage REITs sharply lower, and the general "buy the rumor, sell the news" vibe the tape is giving off as we head into IBM NFLX earnings tonight, then a slew of major...

19Apr11:00 amEST

Are We Sure the Netflix Selling is Overdone?

Stocks are enjoying one of those sugar rush buying frenzies off a flat open, as the major indices are up about 1%-1.5% across the board while I write this. Most indices, especially the small caps in the IWM, are testing their respective 50-day simple moving average, which no doubt will serve as an excellent litmus test for both sides since we...

18Apr3:37 pmEST

I Don't Mind Being "That Guy"

Part of my job, in my quest to deliver value to you, the reader, often involves noting aspects of markets and market players which are inconvenient truths. And, of course, those times where I am wrong it serves as a double-whammy of sorts, where my upsetting of the apple cart proves to be null and void analysis.  Having said that, I continue to...

18Apr10:42 amEST

Clown Show Action off the Open

Amid the Elon Must/TWTR saga, Tesla squeezed up off a red open in front of earnings later this week. On that note, Netflix tomorrow evening gets us into the heart of major tech earnings season, which no doubt will be a test for this market before the next FOMC in the first week of May.  However, it is not a broad-based tech/growth party this...

17Apr5:45 amEST

Weekend Overview and Analysis 04/17/22 {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...

14Apr11:15 amEST

Here's the Real Battle This Earnings Season

With markets closed tomorrow for Good Friday, stocks are mixed this morning as bottom-callers in Treasuries got caught into another spike in rates.  As you might expect, the Nasdaq and many growth issues are not thrilled with rates pushing higher yet as TLT sells off further.  However, from my vantage point the true battle awaits us all in the...

13Apr3:05 pmEST

No Big Deal, Just Eleven Year Highs

The XME ETF, below on its monthly chart, is printing levels not seen since August 2011 today, as coals, steels, and other materials housed in the ETF continue to get bid. As you can see, the way we got here is also relevant: Price broke out the last three months from a prior, tight base, which seems to reinforce the notion of an impressive...

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