Trading Ideas
Showing articles 101 - 120 (5196 total)
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...
12Apr11:46 amEST
New Buyers Late to the Station
While the CPI came in cooler than both I and the market expected, leading to an initial pre-market futures rally, semiconductors led a reversal lower off the open which is largely sticking as I write this. It is often said that markets which fails to hold rallies off "good news" are increasingly bearish, which means whether we get a recover or...
11Apr11:36 amEST
Find Where the Bodies Are Buried
With a whopping forward PE for 145, Snowflake is melting this morning in an otherwise mixed tape in front of tomorrow morning's CPI inflation print. However, SNOW is part of the suddenly lagging software sector, including CRM MSFT notable Dow laggards in the early going. Bulls will argue this is merely prof-taking after a strong run for MSFT,...
10Apr11:22 amEST
Still Looking for a Bear Trap in Rates
Color me firmly in the contrarian camp regarding two views which have increasingly become mainstream. The first being the death of the Dollar, or "de-Dollarization." The second being that rates have peaked and The Fed is more or less done hiking as inflation collapses. I am on the other side of both of those views. First and foremost, while I...
09Apr8:58 amEST
Weekend Overview and Analysis 04/09/23 {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...
05Apr11:41 amEST
The ARKK is Taking on Water
I am still short ARKK via a long SARK play. And as you can see below on the updated daily chart Cathie Wood's growth stock buffet is at risk of support trend and the key $38 level. Given the Nasdaq rally in Q1, the ARKK weakness is all the more concerning to the bull case. Going forward, I continue to look for another meaningful leg down in...
04Apr9:26 amEST
No Rate Cuts Without Calamity
After the spike up in crude oil so far this week, let us also remember that winter is behind us and summer driving season ahead. UGA, the ETF for gasoline futures, has been quietly flagging on the monthly timeframe, seen below. If this flag uncoils higher say, above $70, as we see gas prices rise nationwide I have a hard time seeing even this...
03Apr10:51 amEST
Oil Up, Tesla Down; New Quarter of Attack
"Get up. Dust off. Reload. Re-calibrate. Re-engage – And go out on the attack.” – Jocko Willink Just in time for the new month and quarter (funny how that works), OPEC+ meaningfully slashes oil output to send crude prices higher. Oil services names like RIG, which started off 2023 red hot before cooling off amid the tech rally, are back at it...
02Apr10:07 amEST
Weekend Overview and Analysis 04/02/23 {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...
30Mar12:10 pmEST
Sugar Coated Rally Mountains
The great sugar bull market continues, as illustrated by the thinly-traded SGG ETN monthly chart pruning fresh highs, below. With sugar on a tear it is tough to see inflation collapsing anytime soon, especially given the ubiquity of sugar in the modern American lifestyle. But as we wind down the first quarter of trading that has not yet...
29Mar10:41 amEST
Another Round
Amid higher rates we have stocks showing an appetite to gobble up just about anything, including some alarmingly negative commentary out of Micron last evening. Of course, with MU up 6% as I write this, not to mention LULU surging higher after earnings, bulls are feeling their oats again and calling for an imminent melt-up. As we have noted,...
28Mar12:22 pmEST
Mid-Caps Are So...Mid
via UrbanDictionary.com mid Used to insult or degrade an opposing opinion, labeling it as average or poor quality. "We waited on that album for 6 months but it was mid!" Mid-cap is the term given to companies with a market cap (capitalization)—or market value—between $2 billion and $10 billion. They are housed in the oft-overlooked...
27Mar1:24 pmEST
The Old Priceline is Negotiating the Current Price Line
Lost in the shuffle of the super resilient strength in the likes of AAPL GOOG META MSFT NFLX NVDA of late has been BKNG, a holdings company which owns Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. The dynamic suite of popular, online consumer booking websites and apps has been a monster...
25Mar12:03 pmEST
Rethinking the Oil Trade 03/25/23 {Video}
Please click here for more details about joining Market Chess Subscription Services for plenty of other features, as well. Also, be sure to check out recent, verified Testimonials about the service by clicking here . Thank you for watching. Good luck trading this week.
24Mar11:08 amEST
That's the Story of Bifurcation
bifurcation noun bi·fur·ca·tion ˌbī-(ˌ)fər-ˈkā-shən 1 the point or area at which something divides into two branches or parts : the point at which bifurcating occurs 2 the state of being divided into two branches or parts : the act of bifurcating Stocks continue to operate in a bifurcating world, with the likes of NFLX green...
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“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.
