Showing articles 31 - 40 (6205 total)

24Apr12:42 pmEST

Nothing Like a Speculative Lull to Test Your Resolve

The small caps churning below the 200-day moving average, seen on the IWM ETF daily chart, below, yet above $170 multi-year support, as price grinds seemingly to a sideways halt, perfectly illustrates the sort of near-term market environment we are dealing with.  It is times like these that test your mental and emotional toughness as a...

23Apr1:30 pmEST

Weekend Overview and Analysis 04/23/23 {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...

21Apr1:06 pmEST

This Market is Like the Weather in the Midwest

...if you don't like it, just wait five minutes and it'll change!  That is what they saw about the weather in the midwest, and that is what you might say about this market.  We can cherry-pick given strength or weakness in a given stock or sector on a daily basis. But odds are with the way things have gone of late that the very next day you...

20Apr11:29 amEST

Tesla--A Sneak Preview of What's to Come

After a rough earning report shares of momentum darling Tesla are down by 8.5% as I write this. The TSLA weakness is, in part, dragging ARKK down, too, although other issues with ARKK are hurting Cathie Wood's ETF.  Still, to see TSLA, which more than doubled in price from January through February, slip back down here ought to be concerning for...

19Apr10:31 amEST

Let's Not Bring Back Old Stereotypes

Spending a substantial portion of my youth around blue-collar Bayonne, New Jersey, one would think it would be the epitome of the "Buy American" crowd in the 1980s.  However, you would be shocked to know how many people told me, as a kid, to "buy Japanese, kid. The workers commit 'hara-kiri' if they make a bad car over there, while all the...

18Apr10:08 amEST

Back to the Scene

Here we are, again. 4170 up through 4200 was stiff resistance two month ago for the S&P 500 Index. And now bulls are betting on a big breakout with a slew of big tech earnings right ahead, namely NFLX tonight and TSLA tomorrow.  You can see the potential overhead supply (resistance) yourself on the S&P daily chart, updated below. If this is...

17Apr2:33 pmEST

Sorry I Ruined Your Death of the Dollar Party

Both the Euro and Yen (respectively, below, on daily chart ETFs) look particularly vulnerable to downside here just as the consensus calls for the Death of the Dollar and "de-Dollarization." By the end of this century? Sure. But not yet. Not now. I like the Dollar and rates to continue to rally, a call I made last week and stand by with...

16Apr9:57 amEST

Special Edition: Full-Length Weekend Strategy Session 04/16/23 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone.  Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of...

14Apr10:51 amEST

Every Chance to Buy

You would never know it from the "inflation is cooling" headlines about the macro data this week (heck, even Rick Santelli on CNBC was boasting about his call that inflation has peaked), but rates are higher again this morning and on track for a higher overall week.  On the updated daily chart for TNX, which tracks rates on the 10-Year Note,...

13Apr12:53 pmEST

Back and Forth We Go

Some additional cooler inflation data this morning galvanized bulls to bounce back from what I thought was a notable fade yesterday. And although rates are not collapsing (TLT is actually red) like I am sure bulls wanted to see, it does not much matter at the moment since the Nasdaq is screaming back higher and leading.  Overall, the S&P and...

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