Trading Ideas
Showing articles 1 - 20 (5243 total)
07Dec1:24 pmEST
Things Are Happening in Brazil
We know China has displayed terrible price action of late, as seen on the FXI country ETF on the second daily chart, below. Indeed, YANG (a levered BEAR ETF) has been a Watchlist trade idea for Members in the service for a while. Obviously, China is oversold now. But the fact remains the weakness has been persistent, even if we see an oversold...
06Dec3:07 pmEST
They're Handcuffed; We're Not
Even as equities mostly revert to the flat-line, we are seeing some potent moves in the bond and oil markets of late. While the macro experts proclaim the rally in Treasuries and the selloff in oil as being evidence per se of The Fed having achieved the elusive "soft landing," I beg to differ. In fact, headed into 2024 my sense is that these...
05Dec1:14 pmEST
The Big Picture is Still There
We have some slow-drip type of price action taking place in the early segment of holiday trading, as the indices flounder and commodities are correcting while the Dollar and Treasuries rise. On that note, I am still biding my time before adding back to a short in Treasuries (and thus a bet on higher rates, which was my biggest position by size...
04Dec12:54 pmEST
Genco Grows Up to Be a Strong Man
Just when everyone forgot about the baby shippers, heres comes Genco Shipping, GNK, (and Eagle Bulk Shipping, EGLE), surging above their respective 200-day simple moving averages (yellow line on daily GNK chart, below). What we want to see now is a few days of consolidation, starting with today's dip, which does not breach the 200-day below....
03Dec11:24 amEST
Weekend Overview and Analysis 12/03/23 {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...
01Dec12:56 pmEST
Coal and Other Goodies in Your Stocking
Coal, uranium, and of course the precious metals and miners on the move...
30Nov12:08 pmEST
Don't You Hurt My Precious!
Recall that we are talking about more than three years of sideways-to-down price action in the entire precious mining complex, be it gold, silver, and their derivative miners. Hence, when we see the sort of strength in the group that we have of late it is only natural to expect yet another trip to heartbreak city. Of course, those who trade...
29Nov9:54 amEST
Holiday Season Buyback Panacea for General Motors
A panacea for GM...or so it seems. Shares of downtrodden General Motors are rocket-shipping more than 10% off the open, as the firm announced a $10 billion buyback, boosted its dividend, and reinstated 2023 guidance after the UAW strikes. While it sure seems like this is the silver bullet for a lowly stock, I beg to differ. On the zoomed-out...
27Nov10:06 amEST
You Can't Take a Picture of This
"You can't take a picture of this, it's already gone." - Nate Fisher, Six Feet Under The gold and silver metals are on the move higher this morning, as most folks are off enjoying Cyber Monday shopping online and/or still in a food coma or hangover from Thanksgiving weekend. But while holiday trading kicks into gear, we do have a serious...
26Nov10:14 amEST
Weekend Overview and Analysis 11/26/23 {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...
22Nov12:17 pmEST
Almost Time to Take Youse Guys on Again
Say what you will about equities this year. But the fact of the matter is that I have been very much in tune with the bond market, trimming an overweight TBT long (indeed, which had been my largest position by size, which is basically a bet on higher rates that I had been swinging for virtually all of 2023) last month. At issue now is whether...
20Nov11:49 amEST
This Market Has Narcissistic Personality Disorder
As I grow older I am convinced that about eighty percent of life is not only having the ability to quickly recognize a true narcissist in business and romance, but to also then have the ability to quickly cut ties and distance yourself from that person--Failure to do so has caused much pain and unnecessary suffering to some very good people,...
19Nov12:09 pmEST
Weekend Overview and Analysis 11/19/23 {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...
17Nov2:58 pmEST
Ponder This Over a Drink or Ten This Weekend
While fund managers chase the likes of Microsoft (with a forward PE of almost 29 and a $2.77 trillion market cap) on a daily basis into year-end, you will note the uranium mining sector ETF (URA, below on the monthly chart) has been in a bear market for over a decade now. Uranium stocks have been clearly out of favor, with most fund managers...
16Nov1:00 pmEST
Walmart Doesn't See Such a Soft Landing
Of all the firms to ignore regarding the pulse of working class consumer, WMT seems like it should be last on that last. And, yet, despite the firm cautioning in front of the holidays , the broad market is not exactly crashing despite flashing red as I write this. On the quarterly chart for WMT, below, the long-running bearish RSI...
13Nov10:44 amEST
Emerge or Diverge
Besides the Dollar, to my eye to most compelling divergence to equities we are seeing remains rates remaining stubbornly high. This flies directly in the face of bond bulls declaring an end of the bond bear market, as rates ought to be cratering if The Fed truly were done hiking rates in a disinflationary environment. But as you can see on the...
10Nov2:59 pmEST
We All Gotta Get Along
A Friday ramp is more than negating the selloff yesterday from a spike in rates, coupled with Fed Chair Powell's hawkish remarks. Bulls are returning to the playbook we have seen throughout this year, essentially, of jamming mega caps like Microsoft higher and semiconductors, overall (the latter of which saw a massive fade in yesterday's...
09Nov12:18 pmEST
Waiting to Pull Out the Big Gun
Notable weakness in the biotechnology sector ETFs, IBB and XBI, is spreading to Cathie Wood's ARKK ETF and even the small caps in the IWM at-large, so far today. In addition, the regional banks in the KRE ETF are below the key $42 level as we speak. However, that weakness is being offset by persistent strength in the semiconductors, with...
08Nov12:07 pmEST
The Lines, Chico...They Never Lie!
The S&P 500 is still negotiating the 4380 area, as seen below on the updated daily chart. This remains a level we have been observing with Members, even before the sharp rally over the last week and a half or so, with the light blue line, horizontally, remaining a constant on my chart. As they say, the lines, chico, they never lie . While...
07Nov1:28 pmEST
Plant the Flag Here
We have a mixed bag in the markets today, another in a long line of those in 2023. Nasdaq names are doing the heavy lifting, with the likes of an earnings winner like DDOG way out in front. Meanwhile, small caps are red as I write this, with the regional banks (KRE ETF, daily chart, below) checking back to last week's breakout from prior...
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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.
