Trading Ideas

Showing articles 41 - 60 (3775 total)

11Oct11:37 amEST

The Energy/Materials Bear Market is Dead; Long Live the Commodity Bear

It is hard to fathom that Exxon-Mobil, a Dow component with a $293 billion market cap, is trading at a level now that it was during the depths of the 2008 bear market. But that is where we are, not just with XOM, of course, but looking across the entire energy complex (OIH, XLE, XOP ETFs) as well as most miners/materials, precious and otherwise...

10Oct11:02 amEST

A Good Show at PNC

Wild overnight action is giving way to a relatively smooth cash open this morning for bulls. At one point last evening, as news hit of China planning on leaving early with no trade deal in place, it seemed like we could have some type of variation the limit-down BREXIT or 2016 General Election drama we saw in the futures back then.  Instead,...

09Oct3:32 pmEST

We're All Just One Trade Deal Rumor Away from Humility, Bud

Semiconductors continue to impress this afternoon, as we can see how strong the group is capable of trading when we have positive China trade rumors. Of course, any moment now we could get hit with an abrupt turn of events to the negative side, which would likely hit chips hard given their inherent exposure to China in many instances.  In these...

09Oct11:05 amEST

Eventually We Need the Real Deal

A more positive spin on the China trade war saga unfolded overnight, with hope for at least a partial deal sending futures higher which is spilling over into the cash session this morning. While I did not sell out of any longs into yesterday afternoon's final hour swoon, I also have been reticent to chase up bounces like this morning's. In...

08Oct5:24 pmEST

Stock Market Recap 10/08/19 {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...

08Oct10:56 amEST

The Great Wall of Headlines

The ongoing sensitivity to the U.S./China trade war discussions is back on full display this morning, with an opening gap lower undoing the last few days of bouncing on some of the major indices. While the Dow, S&P, Nasdaq, and small caps are all above last Thursday's lows as I write this, it would behoove bulls to step back in sooner than...

07Oct5:59 pmEST

Stock Market Recap 10/07/19 {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...

07Oct10:54 amEST

In Need of an Oil Change This Fall

Although not perfectly correlated, it sure seems as though U.S. equities largely begin to act in trepidation with each swoon in crude oil. Gauging the USO, ETF for "black gold," below on the daily timeframe, we can see a reasonable correlation in recent months with equites in terms of each period where volatility increased in stocks with abrupt...

04Oct11:45 amEST

Hot Sector Update 10/04/19 {Video}

03Oct5:54 pmEST

Stock Market Recap 10/03/19 {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...

03Oct10:58 amEST

ISM Sending Out an SOS

Alternate Title: "We're All Economists Now" Surprisingly weak non-manufacturing ISM data this morning sent stocks sharply lower after what was a modest opening bounce. Clearly, the recent chorus of recession calls seems to be taking its toll on a market increasingly sensitive to economic data. While it remains to be seen if future data,...

02Oct11:11 amEST

Catch and No Release

Biotechnology stocks, gauging the IBB and XBI sector ETFs, have been weak for a while now, even before growth stocks and then the major indices began to buckle of late.  Thus, even as the Dow is off by 400 points here, when we see XBI flipping green this morning after its latest dive lower on unusually heavy sell volume for a week and a half...

01Oct3:29 pmEST

So Close You Can Almost Taste It

Quick note into the bell here as the Nasdaq tries to offset small cap damage today: Note how exhausted the U.S. Dollar looks today, clearly short-term overbought on the UUP ETF daily chart (UUP is simply the U.S. Dollar versus a basket of developed economies' currencies).  As you know, the Dollar and gold often have an inverse relationship, but...

01Oct11:07 amEST

Manufactured Chop

Weak ISM manufacturing data figures to have been the culprit to reverse a strong open in the IWM as well as the market at-large this morning. As I write this, the small caps are now slightly in the red on the day, setting up another test of mettle in terms of whether dip-buyers have the gumption to step back into what remains a notably choppy...

30Sep10:32 amEST

In Need of a Magic Boost

It remains to be seen whether Wall Street will adhere to its old adage to, "Sell Rosh Hashanah, Buy Yom Kippur," this year, something we fleshed out in more detail for Members over the weekend. But with a modest bounce going this morning as I write this, the third quarter of trading may very well go out with a whimper today after seemingly...

27Sep10:18 amEST

Waiting for Things to Align Better

Another opening fade in both the small caps and especially the Nasdaq drives home the message just how choppy and indecisive the current market truly is. As we have been noting, this could be an "all of the above" function of end of month/quarter gamesmanship by fund managers, swirling headlines, shaking out bullish sentiment, or simply a...

26Sep3:21 pmEST

Slow and Steady is Losing the Race

The small caps housed in the IWM ETF seem to be at a do-or-die area right now, as illustrated on the IWM hourly chart, updated below. On the one hand, the smalls have pulled back off their rally throughout early-to-mid September in a fairly orderly manner. In and of itself, that seems to be bullish, as we noted a while back.  But sooner or...

26Sep10:44 amEST

Already Baked Into the Bowl

With the House passing the cannabis-banking bill, or the "SAFE Banking Act," on Wednesday, hope for pot stocks to regain their old form seemed realistic. However, as one of our Members noted this morning, we have the likes of ACB APHA CGC CRON TLRY acting sluggishly, at best. Perhaps the good news was already baked into the cake (packed into...

25Sep12:05 pmEST

Stairs Up, Down, Left, Right

Another upbeat China trade war deal rumor sent stocks higher earlier this morning after a rather soft open for tech. To be sure, the lack of participation by software growth names continues to be a sore spot for bulls, especially a stock like COUP down 7% after holding up well compared to its peers for a while now.  Despite the Dow up...

24Sep5:58 pmEST

Stock Market Recap 09/24/19 {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...

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