Showing articles 111 - 120 (6301 total)

18May10:08 amEST

Triple Play Divergence

"But the Nasdaq doesn't care," is a popular--and true--refrain from bulls right now, when hearing of various headwinds and negative divergence equities are facing.  Indeed, seeing NVDA pop above $300 this week is truly something to behold.  That said, one of our two main scenarios with Members was that we would see a final pop higher in markets...

17May11:15 amEST

It was Japan All Along

We have discussed the bearish action in China names quite a bit lately, be it the FXI country ETF or the KWEB ETF for high beta China internet names. Indeed, the weakness in China, including relative softness to the Nasdaq in this morning's tape, has taken quite a few bulls by surprise who had been adamant that a China re-opening would spark a...

16May11:09 amEST

They're Using the Same Playbook

GOOGL NVDA MSFT AMD are among the top performers in the QQQ so far this morning, all of which share the common thread of being very large cap tech stocks and also share the common bond of being the few, the proud, the mighty names which fund managers and retail traders seem comfortable diving into when everything around them appears to be in...

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...

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