Trading Ideas
Showing articles 21 - 40 (3775 total)
04Nov1:49 pmEST
Long Live the Commodities Bear Market, Part Deux
More good news for the working thesis that the energy complex has put in a long-term bear market bottom: Natural gas is confirming an intermediate-term inverse head and shoulders bottoming formation, seen below on the UNG ETF daily chart, with a strong gap up above its 200-day simple moving average (yellow line) today. True, natty is enjoying...
03Nov12:18 pmEST
Special Edition: Full-Length Weekend Strategy Session 11/03/19 {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 other...
01Nov12:43 pmEST
Let's Take a Recess from the Recession Talk
Further strength in the broad market today, including the suddenly explosive-looking small caps in the IWM (ETF for the Russell 2000 Index) is surely putting bears on the run. For a while now, the overhang of choppy price action in the face of geopolitical, economic, and monetary risks, not to mention global growth slowing, all served to give...
31Oct4:56 pmEST
Stock Market Recap 10/31/19 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...
31Oct10:37 amEST
Time to Go to Work
Simply put, as we observe the weekly chart for the silver metal ETF, below, it is high time for the precious complex to get going again.With the FOMC out of the way for the foreseeable future, the metals and miners have a reasonably dovish Fed at their backs, although I think they will eventually need to learn to thrive even if rates tick up...
30Oct11:30 amEST
Not Trading Scraps Before the Primetime Schedule
We have some uninspiring price action this morning in front of a loaded primetime schedule this afternoon and evening, headlined by the FOMC at 2pm EST and then AAPL FB SBUX TWLO earnings this evening. All things considered, though, the cautious tone of the tape this morning may not be the worst thing in the world for bulls, as it helps to cool...
29Oct11:27 amEST
Banks for the Memories
It is worth reiterating a point we have made previously over the years: The financials in the XLF ETF are pretty much the only major part of the market not to have overtaken their prior all-time highs from last decade. Naturally, with the banks at the epicenter of the financial debit crisis in 2008, it only makes sense that they would be the...
28Oct4:15 pmEST
Stock Market Recap 10/28/19 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...
28Oct12:53 pmEST
Do Some Detective Work
On the back of breaking news from Reuters this morning that Google or Alphabet is in talks to acquire Fitbit, shares of FIT were higher by around 22% as I write this. Despite the FIT chart sporting a fairly strong downtrend much of its time since 2015, we know that the business model was such that a buyout could come at any time. After all,...
24Oct11:07 amEST
Flexing in Time for Halloween
A sharp bounce virtually across the board in the bludgeoned software sector is giving bulls hope, once again, for the worst being over among growth stocks. While that may be the case, as the elder software statesman MSFT bounces a bit after earnings, there remains considerable risk of backing, filling, and more chopping around even if the lows...
23Oct3:43 pmEST
A Good Market Spoiled
Amid another sloppy and choppy day in the broad market, it is worth flagging Callaway Golf for you. On the ELY daily chart, below, note the outperformance of late, including the green today. True, earnings are coming up tomorrow. But the most interesting aspect about Callaway here is that they own a stake in TopGolf, an up-and-coming company...
23Oct10:48 amEST
Don't Just Go Through the Motions
One of the more challenging aspects about speculation, of all kinds, is catching yourself in the moment and resisting the urge to place a bet simply because that is what you think you are supposed to do. After all, if you are not trading, then what difference is there between you and some who never trades? On the surface, it seems like not...
22Oct10:51 amEST
Biogen Changing Just in Time
After large cap biotechnology stock Biogen resurrected its Alzheimer’s drug during its earnings beat this morning, the stock is higher by roughly 30% as I write this. Considering we are talking about a firm with a market cap over $50 billion, this is a rather unique move. As it pertains to the biotechs as a whole, keying off the IBB and XBI...
21Oct3:47 pmEST
More Ways to Fall in Love
Just a quick follow-up into the bell today with our working thesis that energy stocks and materials are putting in a long-term bottom: We have crude oil lower on global demand concerns (or at least that is the reason provided by CNBC). However, energy stocks themselves are higher, with the OIH ETF (oil service and equipment stocks) up 3.5% as...
17Oct9:24 amEST
Make Yourself at Home
The housing sector continues to thrive to little fanfare, with homebuilders front and center in the ITB and XHB sector ETFs. Beyond some well-known builders like DHI KBH PHM are lesser-known but high quality ones like LGIH MDC SKY, among many others. For a while now, we have been tracking the relative and absolute strength in this sector both...
16Oct10:52 amEST
A Nap; Just Not a Dirt Nap
Software growth names are back in the doghouse this morning, be it due to a NOW downgrade or simply sellers reasserting themselves in the likes of AYX COUP MDB RNG SPLK WDAY, among others. Clearly, when we see these growth stocks come back under pressure it gives us pause regarding the potential for an imminent move to new highs in the broad...
15Oct5:00 pmEST
Stock Market Recap 10/15/19 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...
15Oct11:05 amEST
Getting Un-Zuck
The large cap, glamorous "FANG" stocks in tech (Alphabet, Amazon, Facebook, Netflix) have been "stuck" in the mud of this market for months, regardless of how well Alphabet's chart has held up and been acting (in fact, GOOGL is my horse in this race and has been for a while). Even with GOOGL exuding impressive relative strength to, say, NFLX,...
14Oct10:46 amEST
Tesla's Chart on Autopilot
It has been a while since we checked in on shares of Tesla, Inc. Elon Musk's idiosyncrasies notwithstanding, the long-term chart for TSLA is actually rather anti-climactic in its action in recent quarters. On the first monthly chart, below, we can see as much, with corrections below $200 finding buyers for years now. On the other hand, rallies...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
