Trading Ideas
Showing articles 1 - 20 (5525 total)
24Apr3:34 pmEST
You Sure About That, Slick?
Both Chipotle and Tesla, respectively on their daily charts, below, are green after earnings this week, a point celebrated by bulls as illustrating that their prior multi-month downtrends had priced in all bad news for now. However, the bounces are objectively not impressive thus far. Both CMG and TSLA remain in firm downtrends, with price...
17Apr9:29 amEST
Ten Years in the Books for Market Chess
If you have followed my work over the years then you know that I generally abstain from indulging in self-aggrandizing. The wins come, the losses come. That is life as a true speculator. I put myself out there every single day and let the chips fall where they may. So, there is no need for constant puffery--My work and personality are not for...
16Apr10:12 amEST
Glass Half Empty Rally
Retail sales jumped this morning. China said overnight that they would be at least open to negotiations on the trade war and Taiwan. And, yet, equities opened this morning with a sharp, Nasdaq-led gap down as NVIDIA leads lower by 6% on news of them facing a $5.5 billion charge as the U.S. restricts chip sales to China. In other words, despite...
09Apr3:31 pmEST
Roller Coaster of Tariff Love
The afternoon broad market surge today on the back of President Trump announcing a 90-day postponement of non-China tariffs has understandably galvanized longs while stupefying bears. After all, the major indices shot up nearly 10% in a matter of moments. In moments like these, and indeed in markets like these, overall, it is quite easy to...
08Apr3:03 pmEST
Now That's a Fade
Today's fade off a 4%-plus broad rally from earlier in the session seems like more evidence that we are in a new market regime, transitioning from long-term bull to bear. Tons of market players and pundits alike, respected veterans included, have planted the proverbial flag in the ground in recent sessions to declare a bottom is locked in,...
07Apr1:15 pmEST
Yes, That Counts
With false rumors swirling all day today about alleged pauses and delays in tariffs, we saw the S&P 500 Index surge earlier from 4,826 up to 5,246 in a matter of moments. First and foremost, that sort of violence (hard and fast price swings, intraday moves) is far more characteristic of a bear than a bull market, overall. The reason being Bear...
03Apr2:20 pmEST
Sloppy Margarine or Smooth as Butter?
The main issue which intrigues me during this sell-off is whether we see margin calls (essentially forced, indiscriminate selling which often aligns with actual fear and panic as markets cascade lower) this afternoon into the closing bell, which of course is a function of brokers and risk management departments asserting themselves as markets...
02Apr2:25 pmEST
Block Out the Noise
It looks like we will not know the full gauntlet of President Trump's tariff plans until after the closing bell today, with a press event in the Rose Garden slated for 4 p.m. EST. In the meantime, stocks have taken the liberty of rallying several times today, though as we speak we have a substantial fade well off session highs. The fact...
01Apr1:11 pmEST
Nice 'N' Easy Does it for Energy Stocks
Much like the commodity complex at-large we have some energy stocks clearly making progress on the technical front in recent weeks and months while others are still searching for a clear bottom--Gold, silver, and natural gas have made clear strides in recent months, with gold being the ringleader in commodities, while other commodities like oil...
31Mar1:18 pmEST
Drop, Stop, and Roll Up
What we have so far today in the market is a variation of the old, "Stop, Drop, and Roll," a fire safety technique used to extinguish flames if one's clothing catches fire. In this case, it is more akin to a drop (at the open), a stop (dip-buyers step in), and a roll (slow grind up for the rest of the day). We have seen this pattern countless...
27Mar3:14 pmEST
Silent as a Mouse
Another impressively strong session for silver today. And another session where silver's strength is met with apathy. On the first monthly chart, below, for the silver metal ETF, you can see the long-term strength reemerging after a fourteen year hiatus. The horizontal light blue line shows the ETF holding above a key level dating back over a...
26Mar2:54 pmEST
More Stealth Accumulation in Precious Metals
Once again we have another session of risk-off action in equities where an economically-sensitive metal like silver would normally be walloped. Instead, silver has basically been green all session, which is all the more impressive after yesterday's gap higher breakout attempt from its latest consolidation. In addition, you will note the bottom...
25Mar1:59 pmEST
No, This is Not Normal
After being lauded for its stock performance to new all-time highs earlier this winter, Walmart has quietly corrected sharply in recent weeks. As I just noted with Members, the daily chart looks like an actionable short idea, since the recent bounce attempt has not gained much traction and is now shaping up as a bear flag. For our purposes in...
24Mar2:30 pmEST
Getting a Bit Too Cute
As I wrote back on March 5th , "A Thousand Blows Could Ruin the Art of the Deal." Specifically, markets may stop assigning much faith at all to President Trump's use of tariffs as a now-you-see-it-now-you-don't negotiating tactic, given his propensity to dial back the rhetoric as he did last evening. While bulls in equities today are...
20Mar1:56 pmEST
The Perfect Recipe to Limp Along
The FOMC has come and gone, with Powell soothing stagflation fears for the time being. Options expiration for the month and quarter is tomorrow. March Madness is underway as we speak. And Lord knows who is still, ahem, dehydrated from Saint Patrick's Day on Monday. All of the above factors should make the price action today, thus far, not too...
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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.
