MarketChess
Showing articles 311 - 320 (6634 total)
26Oct12:24 pmEST
Here's the Punchline: The Selling is Still Orderly!
With the Nasdaq Composite Index finally (finally!) losing its 200-day simple moving average today, at least so far, every single stock index is below its 200-day m.a.. This circumstance typically begets more selling, not unlike on the way up the buying led to more buying which is a consequences of system/automated trading strategies. That...
25Oct11:56 amEST
A Higher Lowjob
Amid deteriorating equities, sticky high rates and Dollar, and mixed earnings results so far (see: GOOGL vs. MSFT last evening), we have the VIX making higher lows at a steady pace over the last five or six weeks. Beyond that, the VIX remains right around 20, which is historically low if you accept that we are in the midst of a bear market or...
24Oct11:46 amEST
Remember Me: Benny Blanco from the Bank?
Much like Benny Blanco from the Bronx , this failed bounce in the regional banking sector ETF (KRE, daily chart, below) looks to have come home to roost for bulls. Specifically, with all that is going on in the world, and in other markets besides equities, it has been quite easy to assume the worst is over for the vulnerable regional banks....
23Oct2:56 pmEST
Some Days it Rains
A mixed, slow tape in front of what should be a week which picks up speed into some major earnings reports has me taking care of some personal business today more than anything else. In light of the Major League Baseball playoffs in full swing, I am reminded of the great film, Bull Durham (1988), and to paraphrase the quote, "Some days you...
22Oct12:19 pmEST
Weekend Overview and Analysis 10/22/23 {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...
20Oct11:19 amEST
The Granddaddy of Them All
The big Wilshire 5000 Index, below on its daily timeframe, tracks every single stock traded in America, weighted by market cap. After a bounce off the 200-day simple moving average (yellow line) earlier this bounce, we are on track to see the Wilshire close back below the 200-day into the weekend on this options expiration Friday. This is all...
19Oct10:35 amEST
The Paper Chase
I once had a law professor who was rather acerbic and mercurial. He intentionally had his students buy a certain casebook of common law cases which he despised so that he could teach "against it" all semester. His rationale was that he found it quite boring to use a casebook which contained court decisions he mostly agreed--That is how much he...
18Oct12:48 pmEST
Big Tree Fall Hard, Right?
We have some sharp reversals off yesterday's small cap-led rally taking place so far today, as the toll of sticky high rates and and now oil prices climbing seems to be manifesting itself on even the most complacent segments of equities. As I write this, small caps in the IWM, China internet names in the KWEB ETF, the mid-caps in the MDY,...
17Oct11:11 amEST
Not Such Golden Slacks This Time Around
Goldman Sachs (sometimes known as "Golden Slacks," as one its kinder nicknames compared to others) the iconic banking house, reported a top line earnings beat this morning on strong bond trading numbers. As you can see on the daily chart, however, Goldman is trading lower. More importantly, the overall chart remains bearish and looks much more...
16Oct11:50 amEST
Trapped in a Prison Market
Imagine, if you would, that you had taken a nap in July 2018. You did not wake up until this morning to read this blog post. During that nap, the IWM (ETF for small cap stocks in the Russell 2000 Index) has made no net, or overall, progress and is trading at the same levels it was some five years and three months ago. On a shorter-term...
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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.
