MarketChess
Showing articles 411 - 420 (6598 total)
15May11:26 amEST
These Stocks Are in the "Zone," Alright
I charted O'Reilly Automotive Inc. (ORLY) on the quarterly timeframe both with Members and the main feed earlier this morning. But even the daily chart for ORLY shows a parabolic move higher as it was one of the clear beneficiaries of the QE/ZIRP era and then the "stimmies" from the pandemic as Americans went bonkers throwing money into their...
14May10:55 amEST
Weekend Overview and Analysis 05/14/23 {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...
12May1:04 pmEST
Are We Sure the Dollar is Done?
The U.S. Dollar is rather quietly putting the finishing touches today on a strong week. Despite all of the talk of "De-Dollarization" and the like in recent weeks and months, you can see the weekly UUP ETF chart, below, show the big green weekly candle we are finishing today as well as the overall triangle consolidation/correction since last...
11May2:46 pmEST
Battle on the Bridge
Imagine a market being fought in real-life on a bridge. On one side of the bridge we have the FANG mega cap monsters, and on the other we have the regional banks. In the middle of the bridge are many other sectors. Which side will wind up with the most manpower? Well, for starters, if the REITs (commercial real estate in the IYR ETF, first...
10May11:46 amEST
Little Homebuilders on the Prairie
The strength in homebuilders since last October 2022's lows has indeed been impressive, even though the sector is still well below its prior late-2021 all-time highs as you can see on the XHB ETF weekly chart, below. We can also see, however, prior support from earlier in 2021 now potentially converting into resistance. In fact, I am expecting...
09May9:50 amEST
Back in the Saddle
Seeing as the S&P 500 is trading pretty much exactly where it was one year ago at this time, it occurred to me that this period may very well be referred to as, "The Great Drain." So what is being drained? Brokerage accounts? Mental and emotional capital? Careers? Precious time on Earth? Perhaps all of those. However, I am specifically...
03May6:36 pmEST
Taking a Break After the Death of My Mother
Early one Saturday morning about a week after last Labor Day, September 2022, my mother called me and asked if I wanted to go down to Seven Presidents Oceanfront Park in Long Branch, New Jersey with her. I had other plans that day, but something told me to break them and go with her down the shore. And so I did. It was a glorious...
03May10:46 amEST
Enough Georgetown Cocktail Parties, Jerome
I know it is a tough world out there, Jay Powell. Everyone from Bill Ackman, hiding his ruthlessness behind a perfect facial exfoliation, to CEOs, long-only investors, economists, among others, are pressuring the esteemed Fed Chair to pause from hiking rates later today at the FOMC around 2pm EST. Beyond that, many are calling for Powell to...
02May12:50 pmEST
Evidence of My Conviction
I continue to view the current overall market structure as being one of the rare moments to have deeply held conviction that equities will eventually resolve sharply lower this year. And although I have had my fair share of stop-outs and miscalculations earlier this year insofar as the endless bids underneath the indices, I still see the lack...
01May11:22 amEST
Pre-Fed Pause with a Splash of NVIDIA
NVDA strength is masking an awful lot of red in tech-land this morning, although that is nothing new with this narrow market. The larger issue is whether the market is waiting totally on the Fed, come Wednesday afternoon with the FOMC. We also have AAPL earnings Thursday before the jobs report Friday to kick off the new month with a bang,...
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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.
