Trading Ideas
Showing articles 221 - 240 (5330 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...
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...
03May10:46 amEST
Enough Georgetown Cocktail Parties, Jerome
I know it is a tough world out there, Jay Powell. Everyone from Bill Ackman, hiding his ruthlessness behind a perfect facial exfoliation, to CEOs, long-only investors, economists, among others, are pressuring the esteemed Fed Chair to pause from hiking rates later today at the FOMC around 2pm EST. Beyond that, many are calling for Powell to...
02May12:50 pmEST
Evidence of My Conviction
I continue to view the current overall market structure as being one of the rare moments to have deeply held conviction that equities will eventually resolve sharply lower this year. And although I have had my fair share of stop-outs and miscalculations earlier this year insofar as the endless bids underneath the indices, I still see the lack...
01May11:22 amEST
Pre-Fed Pause with a Splash of NVIDIA
NVDA strength is masking an awful lot of red in tech-land this morning, although that is nothing new with this narrow market. The larger issue is whether the market is waiting totally on the Fed, come Wednesday afternoon with the FOMC. We also have AAPL earnings Thursday before the jobs report Friday to kick off the new month with a bang,...
27Apr10:14 amEST
Facebook Face/Off
We have META (formerly Facebook) and other large cap techs leading the Nasdaq higher early on, while chips are soundly red and the likes of ARKK lag behind. Regarding META itself, I see $250 just above spot price to see if we have the makings of a new uptrend or, instead, the final pop before a new leg down commences. Overall, my sense is that...
26Apr12:22 pmEST
Bring it in for the Real Thing
To dovetail with the Microsoft earnings rally, shares of AMD MU and NVDA are leading a relief rally for the suddenly-lagging semis. I had scaled part of a SOXS bearish ETF trade with Members earlier this week but am now debating adding back to it given this bounce. On the updated SMH hourly chart, below, the semiconductor sector ETF is getting...
25Apr11:36 amEST
Out with the New; In with the Old
One of our Members noted, on the back of the UPS earnings wreck, the gnarly looking bearish rising wedge breakdown in the IYT, ETF for the transports at-large, seen below, should not be taken lightly. I realize we supposedly live in a new world where gunslinging speculators feel like all the old warning signs like Dow Theory (whereby...
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...
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...
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,...
12Apr3:49 pmEST
Burned Out Stoner Buyers
It is certainly much more of an art than a science to discern if and when buyers are simply exhausted after an extended period of nonstop dip buying. However, today's price action certainly seems like a spot to opine that a cooler CPI could not help as much as many expected, given the tech/growth laggards and the late-day broad market...
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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.
