Trading Ideas
Showing articles 101 - 120 (5717 total)
25Sep2:06 pmEST
Dangerous Temptations
This market regime, centered around the Nasdaq names, will not end unless and until we see the recurring theme (likely in the hundreds by now since early-2023) of opening gaps down aggressively getting bought begins to effectively punish bulls. In order to do that we need to see a plethora of daily closes on the lows, or near them, and then...
24Sep1:58 pmEST
Everyone Who Wanted to Sell Oil By Now, Already Has
One of the more instructive aspects about observing long-term timeframes is to gain clarity. Specifically, in the case of oil we have the ETF, on the first quarterly chart, below, sporting the "bull killer" pattern of a crash more than ten years ago followed by the last ten years of, overall, tedious sideways action. In other words, since the...
23Sep3:19 pmEST
Head Games Galore
The nature of a market melt-up is that classic bearish reversal signals are routinely ignored and even openly mocked. After all, if "stocks only go up because 'they' won't let them drop," is the prevailing mantra then what good is it to assign any significance, whatsoever, to textbook potential reversal candlesticks or patterns? Simply put,...
22Sep3:05 pmEST
Let Them Eat Punches to the Face
If the plan after April's pivot by the Treasury Secretary (recall, "It is Main Street's turn now," which lasted about as long as a blink of the eye) and White House Administration at-large was to goose virtually all assets at the expense of the overwhelming majority of Americans' cost of living, then so far so good--Just today we have another...
18Sep11:25 amEST
A Rare Triple Lindy
On news of the NVIDIA $5 billion stake and partnership with Intel we have semiconductors shooting higher, leading the tape this morning after yesterday's FOMC rate cut. The SMH, sector ETF for chips, is now very overbought (clearly above its upper Bollinger Band) on the monthly, quarterly, and yearly charts, all respectively below. To see...
16Sep2:18 pmEST
Welcome Back
It seems fitting that APA Corporation (below on the daily chart), the holding company for energy exploration firm, Apache, is leading both the XLE and XOP oil stock ETFs higher today amid a strong session for crude oil and gasoline. After all, APA is one of the cheapest stocks by valuation in the entire market at this point, completely out of...
15Sep2:33 pmEST
Not All Overboughts Are Created Equal
Both precious miners (See: GDX ETF daily chart, first below) and the Nasdaq are higher again, as both are pushing the boundaries of near-term overbought conditions. However, that is where the comparisons mostly end. Even though precious miners have been on a tear for nearly six weeks now they still remain woefully undervalued. They are also...
10Sep3:42 pmEST
Hiding in the Shadows
It is not just the likes of Chipotle, Starbucks, or Lululemon weakening on a daily basis in retail/consumer space these days, as those names could--and have, by equity and macro bulls--easily be dismissed for brand maturity and losing market share to newcomers. Instead, we are taking about titans of industry, Costco and Visa, respectively...
09Sep12:46 pmEST
Fear Does Not Exist in This Doji
A doji is a single candlestick pattern in which the open and close prices of the security or market are the same or very close to it. ( Investopedia ) U.S. Job growth was revised down by a whopping 911,000 through March of this year, indicative of erroneous views by many about a robust goldilocks economy in recent quarters. Mind you, this...
08Sep2:27 pmEST
You Gonna Make a Cake, Too?
Treasuries, gold, and most of the Nasdaq are up today, in most cases quite decisively, as a looming rate cut at the September 17th FOMC seems all but a lock. Of course, one major issue is whether Powell and his crew decide to cut 25 or 50 bps--A 25bps cut may very well disappoint markets, although 50bps may scare them into thinking something...
04Sep3:36 pmEST
It's Not Always the Easy Choice
Over the decades it has become Wall Street lore that investing long-term in "boring, safe, defensive stocks" with a dividend is a virtual lay-up if you have the patience and lack the desire for any kind of action in your portfolio. However, that view has a blind spot: The liquidity bubble since the 2009 bear market bottom has found its way...
03Sep11:54 amEST
Howd'ya Like That, Boys? A Copper!
As a follow-up to this June 24th piece , copper stocks continue to improve to virtually no fanfare. Freeport McMoran is the most (relatively) visible name, trading under ticker FCX. But Southern Copper, below on the daily chart, is another domestic copper play improving steadily. As you can see, SCCO is breaking out today alongside FCX and...
02Sep11:25 amEST
Not Great, Bob
Several decades ago Warren Buffett gave an interview where he said, and I am paraphrasing, that in economics you always must ask the question, "And then what happens?". Applied to the current market we have just experienced a slow, tedious, volatility-free summer of endless slow-motion melt-ups ignoring any and all bad news. Given that, one...
29Aug1:22 pmEST
Underowned and Underloved
It is the Friday before the long Labor Day Weekend, as we conclude a summer of mostly tedious price action (and non-existent volatility) against the backdrop of nonstop political and economic drama-filled headlines. Thus, we should probably take virtually everything we see, hear, and feel today with a grain of salt since many traders are...
27Aug2:45 pmEST
Twenty-Five Years Ago to the Month
With NVIDIA earnings this evening it is worth revisiting a parallel we have previously drawn both here and with Members: The magnificent bubble and collapse of Cisco during the dot-com mania. CSCO still has not recaptured its prior highs from mid-2000, as seen on the quarterly chart, below. If you traded back then, you know that CSCO, with...
26Aug2:16 pmEST
The Hangover Effect
It has been a wild late-August for Target after a summer-long rally abruptly ended on news of its CEO stepping down alongside a recent earning selloff. Overall, shares of TGT topped out back in late-2021 and remain well below those $268.98 highs, with the stock now trading in double digits as I write this. For our purposes, however, the...
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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.
