MarketChess
Showing articles 351 - 360 (6616 total)
18Aug2:26 pmEST
Too Many Blokes Looking to Buy
You may have noticed even fairly hardcore bears expect a bounce right here, as the natural inclination after quarters of constant melt-ups and snapback rallies can certainly distort expectations for a more normalized market. However, my overall bearish view remains intact and I see no reason to become infatuated with possible very near-term...
17Aug1:26 pmEST
Consider Where the Real Pain Is
Just take a step back and consider, objectively, how many seasoned Wall Street veterans are bullish on bonds for any number of reasons. First and foremost, there are those who believe an imminent credit event is upon us, and therefore there will be a scramble into Treasuries as The Fed inevitably cuts rates to cope with the crisis. Others see...
16Aug11:49 amEST
We've Got Ourselves Some Twin Peaks
The much ballyhooed "July breakout" in stocks saw one of the most ostentatious displays of arrogance, hubris, and outright obnoxious behavior I can recall from bulls since early-2021. But even back then, early-2021 was much more about pressing for one more good "YOLO" trade as opposed to last month where the rallying cry centered around...
15Aug11:13 amEST
Easy There on Chasing Old Warren This Time Around
Headlines are swirling with the latest disclosure from Berkshire that Buffett has bought into three homebuilders: DHI LEN and NVR. There are a few ways to look at these new bets, with perhaps them being hedges for the home remodeling businesses already owns which have been slowing date of late. After all, if new supply of homes is the issue,...
14Aug12:32 pmEST
You Might Have Forgotten, But the Market Did Not
We can go back sixteen years, to the infamous 2007 bull market top, and the regional banking sector ETF (KRE, below on the monthly chart) will show a distinct sensitivity to the $50 (horizontal light blue line) area which will surely be mocked by many new age traders in the market as being a kind of antiquated way of looking at things. And,...
13Aug10:46 amEST
Weekend Overview and Analysis 08/13/23 {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...
11Aug1:20 pmEST
I Feel Sorry for Your Thesis
A clip of Jerome Powell giving testimony on Capitol Hill has been making the rounds on Twitter of late. In the clip, he responds to a, "why does The Fed have a 2% inflation target, anyway?" question unimpressively, to say the least. If nothing else, it drives home the point about just how clueless these Central Bankers truly are and how...
10Aug1:24 pmEST
Summer Always Turns Into Hurricane Season
We live in a lower trust society nowadays, and perhaps that means a lower trust market, too. In fact, I am quite sure that is the case, where every bit of data, such as this morning's CPI print, and every market machination is met with a skeptical eye of conspiracy by a not-insignificant group of market players and pundits. Such is life,...
09Aug11:28 amEST
I Wasn't Joking About the South Sea Bubble
I have been doing this for a long time now; Writing about markets in full public view on a daily basis for nearly fifteen years. So when I pen a piece like I did here on July 31st of this year, comparing the long-term parabolic charts of AAPL NVDA to the Dutch Tulip Mania, the South Sea Bubble, John Law and the Mississippi Stock Bubble, and...
08Aug11:07 amEST
We're Moving to a Higher Plane
Dare I say, the era of low volatility is over. With volatility sellers as cocky as I have ever seen them, to dovetail mega cap tech bulls, the stage is set for a nasty volatility unwind higher. To be sure, this entire process has taken much longer than I ever anticipated. However, nothing has changed the underlying picture which is why I...
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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.
