Trading Ideas
Showing articles 1 - 20 (5381 total)
25Jul12:04 pmEST
This is What a High(er) VIX Means
While certainly not at historically elevated extremes, the VIX (or Volatility Index) is higher than the sleepwalking levels it spent most of this spring and summer, heretofore. This morning, NVDA, semis, and most tech at-large opened sizably lower before reversing back to green/flat as I write this. Bulls are cheering this move as a kind of...
23Jul1:26 pmEST
Misdirection to Throw You Off the Trail
After yesterday's relief bounce, the market is broadly being whipped around today with small caps outperforming. On the downside, however, semiconductors are among the worst performers on the back of an NXPI earnings selloff. Transports are also being sold as UPS is getting pounded after its own earnings. However, I believe the takeaway from...
22Jul11:44 amEST
New Regimes All the Way Around
If you accept the timeless Wall Street axiom that, "Markets hate uncertainty," then there can be little doubt an upcoming general election without the incumbent on the ballot will spark uncertainty, especially with President Biden dropping out of the race this late in the process. In addition, we have rising conflicts in the Middle East,...
18Jul11:43 amEST
A Bad Morning in Boca Raton
This morning was the first time in what seems like years (and perhaps is) that the Nasdaq Composite faded an initial heavy post-selloff rally hard. In a corrective or bearish tape over the decades of modern market history we very often see opening gaps higher faded. This is a function of underwater longs who were levered needing to unwind...
17Jul11:31 amEST
It's All One Big Trade
According to some folks I speak to in the institutional trenches, apparently the "low volatility" melt-up trade has seen quite a few shops, who previously had not dabbled in volatility, pile into selling it for a good while now. Part of that trade has enabled a nonstop rally in the mega cap techs, namely the "Mag7" leaders, alongside...
14Jul10:50 amEST
Weekend Overview and Analysis 07/14/24 {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...
12Jul11:23 amEST
A Clear Setup Emerges This Summer
Talk about wanting your cake and eating, too. Or, perhaps, in this case: Burritos. Consumer and retail bulls (as well as small cap bulls) love to cheer for rate cuts, as though that will be some guaranteed panacea for a new leg higher in these stocks. However, history teaches us that rate cuts coming into rising unemployment is a recipe for a...
10Jul2:05 pmEST
Do They Even Remember How to Rally?
Uranium names are red hot today. However, I know many times over from recent quarters just how slippery this sector can be. While I am wildly bullish on uranium (and most commodities) looking out the next decade, I recognize that we have to see it to believe it in the here and now, insofar as these rallies holding and building on themselves....
09Jul12:04 pmEST
Aftermath of a Memorial Day Massacre
In the wake of Memorial Day this year there can be little doubt that the software stocks staged a massacre of shorts into last Friday's highs, spanning roughly five weeks of nonstop ripping to take the sector back to its early-February highs. The IGV, ETF for the software sector ETF, illustrates as much on the daily chart, first below. As a...
07Jul11:27 amEST
Weekend Overview and Analysis 07/07/24 {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...
02Jul12:09 pmEST
Sneaky Strength
Headed into this week, we noted with Members in my usual Weekend Strategy Video that we could easily see a low volume, drifting affair in markets leading up to Independence Day on Thursday, alongside markets closing early tomorrow at 1pm EST. Indeed, the jobs report Friday morning looks to be the next known event which markets may be on cruise...
01Jul11:04 amEST
The Pain Trade in Rates is Still Higher
Here at Market Chess we tend to follow-up on our bad calls, updating them and keeping readers and Members apprised. Because of that, there is a tendency for some to focus on those bad calls, as opposed to others who either conveniently ignore them or pretend that they are always winning instead. The reason why I raise that issue is because one...
30Jun10:04 amEST
Weekend Overview and Analysis 06/30/24 {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...
26Jun11:48 amEST
It's Supposed to Be Non-Judgmental Intervention!
The Dollar/Yen currency cross, as tracked by the USDJPY ticker, is now back above where the powers that be intervened in Japan back in late-April. Essentially, the USDJPY crossing over $160 (which means a weakening Yen, since the Yen is the denominator) has been the level which has caused anxiety in the Land of the Rising Sun, and perhaps...
25Jun11:25 amEST
The Daily Swindle
Although I still do not subscribe to the, "It's All Rigged!" view of markets, on days like today, in the context of yesterday's action, it all sure can seem a bit too coincidental. Specifically, we have the inverse of yesterday: NVDA, semis, and tech are leading while virtually everything else is down or flattish. That said, as I write this I...
24Jun12:27 pmEST
Make Palladium Your Pal
South Africa, Russia, and North America are the top producers of palladium, one of the precious metals alongside gold, silver, and platinum. Of course, we know Russia these days is a geopolitical risk when it comes to commodities. And that seems to be the case of late with palladium, seen below on the PALL ETF daily chart for the commodity. As...
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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.
