MarketChess
Showing articles 721 - 730 (6571 total)
24Jun10:26 amEST
Roe v. Wade Overturned: Here's the Play
In a 5-4 decision, the Supreme Court has just overturned Roe v. Wade and ended the constitutional right to abortion. This clearly qualifies as international breaking news, although from a market perspective it seems like it is purely politically and socially-charged. That said, as one of our Members astutely noted, there may be in a play here...
23Jun3:45 pmEST
Dating Only: Don't Get Attached to This Rally
Despite all of the wild intraday fades of late, including weakness in the futures overnight, bulls are putting up a formidable fight this week in the face of Powell's comments. With end of month, quarter, 4th of July, and a bit better seasonality all approaching rapidly, I view the outperformance from bios and ARKK as, perhaps, a sign that...
23Jun10:39 amEST
You Can't Stop What's Comin', That's Vanity
One phenomenon I have noticed of late has been market pundits bemoaning the lack of a true, washout capitulatory bottom. On CNBC, morning anchor Joe Kernan has been wondering aloud on a daily basis whether we need to see the VIX pop above 40 to get us close to a true bear market bottom. While it may seem like we will never get that...
22Jun3:54 pmEST
Markets Have a Sick Sense of Humor Sometimes
I am surprised to see how many market players and pundits are so quick to assume that just because the powers that be want lower oil and gas prices for the midterms that it will materialize so easily. "They" talk about lower gas prices, but are we sure a federal gas tax holiday will suppress demand or actually stoke it by pulling it forward,...
22Jun10:48 amEST
I Simply Respect the Chemistry
Amid a plethora of reasons for the market to completely roll back over today, be it the dump in futures overnight, Powell talking about a fast rate hike pace going forward, fears of imminent recession, the proposed gas tax holiday backfiring, we have stocks now flashing green as I write this. True, there is a long way to go today and even this...
21Jun3:41 pmEST
Context for the Rest of the Week
ARKK, what with its abundance of growth stocks (namely bios) housed in Cathie Wood's flagship ETF, likely serves as the premier market tell for the rest of this week. With Fed Chair Powell's speech tomorrow and Thursday, bears will try to undo today's rally while bulls will bet on a continuation of the squeeze. The reason why ARKK is a good...
21Jun10:35 amEST
Attack and Retreat, Attack and Retreat
It appears we are still in the middle phase of the bear market, where many think the worst is over (this cycle, inflation and the dump in growth stocks) and it is easy to talk oneself into a major bear market bottom with the spike down and reversal in crypto over the long weekend. You may recall, however, that we saw similar "the worst is over"...
17Jun11:15 amEST
A Possible "Home Run" Trade Idea
Back on December 27th, 2021, I sent out the following video in an email to VIP Members inside Market Chess Subscription Services. In the VIP service, we focus on long-term investing plays and strategies, as well as the occasional special situation like the one I outlined below for Treasuries. At the time of this video, TLT was trading at...
16Jun3:11 pmEST
Filling Major Gaps Below 06/16/22 {Video}
If you enjoy my videos and blog posts, then please click here for more details about joining Market Chess Subscription Services for plenty of other features, as well. Also, be sure to check out recent, verified Testimonials about the service by clicking here . Enjoy the video, and enjoy your evening.
16Jun9:58 amEST
Reminder: Markets Will Be Closed on Monday
Markets will be closed this coming Monday for the full session as we observe a recent addition to the rare, select group of stock market holidays: Juneteenth (it falls on a Sunday this year, technically, so markets will observe it on Monday). Now, from a market context it is important to note two things about the holiday. First, weekly options...
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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.
