Trading Ideas
Showing articles 21 - 40 (5433 total)
30Sep12:39 pmEST
The Ruins of Quarters Past
Today's closing bell marks the end of the month of September as well as the third quarter of trading, making the quarterly candlesticks on charts fully complete. For a lesson in history, consider the quarterly candles that Cisco, the star of the dot-com bubble twenty-five years ago, was sporting at the turn of the century on the first...
26Sep1:49 pmEST
Basic Hurricane Plays
"Helene" is currently a Category 2 hurricane with wind speeds of 105 miles per hour, and is expected to make landfall this evening along Florida's northern and western regions. Even to the most seasoned weather and hurricane experts there is a wide degree of unknowns regarding just how bad things could get, or whether the entire ordeal could...
25Sep12:53 pmEST
Leaders Lead in Both Directions
Any pretense of Goldman Sachs being the premier banking house on Wall Street (recall 2008, for example, with Warren Buffett buying perpetual preferred shares to ward off short sellers at the depth of the crisis) has long been disposed of, as JPMorgan Chase and its highly visible CEO Jamie Dimon is clearly on top. JPM is the largest-weighted...
24Sep1:21 pmEST
Sweet and Sour Stimulus
Overnight we saw that China announced its most significant stimulus package since pandemic. In response, China stocks traded as ADRs in America, such as BABA BIDU JD NTES PDD, just to name a few, are all gapping up hard as many shorts are likely caught offsides on top of the usual momentum chasers piling on the long side. While I disagree with...
23Sep11:47 amEST
Shorts Don't Want to Land on No Three Mile Island
But I don't want to land in the New York City I don't want to land in Mexico I don't want want to land on no Three Mile Island I don't want to see my skin aglow. -"Volcano," Jimmy Buffett With approximately 25% of its float (the shares outstanding) held short, and a better technical chart than most uranium/nuclear-related plays,...
19Sep3:35 pmEST
The Surest of Things
Bulls are certainty feeling one's oats today, as the ambitious rate cut by The Fed yesterday brought a Wall Street cheer overnight in the futures market and led to a sizable gap higher today. We do have a Bank of Japan meeting underway, which could shake things up a bit tomorrow. However, the overwhelming sentiment currently seems to be that...
18Sep3:18 pmEST
The Bond Traders Speaketh
Stocks are whipping around, having faded well off session highs amid a volatile 50-bps cut Fed Day. However, we still have the final hour to get through and tomorrow's action after a night for markets to sleep on the surprising decision. In the meantime, Treasuries are selling the news, seen below on the TLT ETF daily chart. I have been out of...
17Sep3:01 pmEST
There Are Only Fed Traders in This Room!
As much as some folks try to play it cool and act like they are above noticing what The Fed is doing, the fact remains in this post-2008 era of central banking that The Fed is the main game in town. Others often attempt to advance intelligent-sounding arguments about how The Fed is vastly overrated and really does not matter all that much to...
16Sep11:35 amEST
One Market's Elevation is Another's Runway
Precious miners are pausing at their mid-July highs this morning, which is apparent when one views the daily charts for GDX and GDXJ. On the longer-term timeframes, such as the GDXJ (ETF for junior gold miners) weekly, below, we can see this $49 area stretches back over ten years as being a significant price area. The net result of all of this...
11Sep12:39 pmEST
Once Again, the Price Swings ARE the Message
The continued intraday wild price swings across this market are effectively making mincemeat out of just about all traders of late, as one minute bears are celebrating and the next bulls are foaming at the mouth for a squeeze to new highs...only to see the market come right back down and start the whole process over again. As we noted inside...
10Sep12:48 pmEST
Dimons Are Not Forever
On the back of rate cuts hopes we have seen banks melting up since the August 5th lows even more than other sectors did in that time. JPMorgan, in particular, with its highly visible CEO Jamie Dimon, was right at the forefront. In fact, inside the service with Members we noted that the $215 level on JPM's chart seemed like a good spot to see...
05Sep1:25 pmEST
Face/Off for the Head/Off
The Nasdaq Composite Index, updated below on the daily chart, now has a high quality setup to rug-pull a sizable portion of market participants. Specifically, we have competing head and shoulders patterns, each highlighted below. The top one is, of course, a bearish head and shoulders top setup. And with the recent rallies, selloffs, backing...
04Sep1:23 pmEST
Then You've Already Lost
"If you must resort to violence, then you've already lost." -John Connor (Sean Connery), Rising Sun (1993). Don't look now, but the Japanese Yen currency is strengthening again. As we saw (briefly) in early-August, when the Yen moves higher it pressures the much-ballyhooed "Yen carry trade," where speculators have cheaply borrowed the...
29Aug2:42 pmEST
Surviving the Game
An afternoon fade is seeing the Nasdaq turn red as I write this, with the 17,780 level we noted here and with Members on the Nasdaq Composite Index asserting itself as firm resistance today. NVDA is currently down 6%, GOOGL is a dud again, yet bulls were as cocky as I can recall earlier today on the prospect of an unstoppable freight train of...
27Aug2:10 pmEST
What if Inflation is Bottoming, Not Topping?
Even though I have been out of my bond short since July I remain focused on the long-term inflationary dynamics still very much in play. The rate of inflation has slowed but that differs greatly than us experiencing deflation (Just go to the grocery store, pay your healthcare bill, various insurance costs, etc., for reference). That said, what...
26Aug11:57 amEST
Predators and Prey
The chart, below, has been making the rounds on social media of late. I saw Don Johnson (@DonMiami3), an economist, tweet it out previously. As you can see, retail investors were galvanized by the selloff at the beginning of the month and, instead of feeling fear or panic, saw dollar signs instead and bought stocks hand over fist. While that...