Trading Ideas

Showing articles 121 - 140 (4972 total)

27Jul12:00 pmEST

More Pain Needed Before A Fed Pivot

I must stay that it seems a bit odd to find myself in the position of sticking up for Jay Powell's intestinal fortitude, given his penchant over the years as Fed Chair for acquiescing to markets just when it looked like he was sticking to his guns of (relatively) hard monetary policy.  However, the plethora of calls I continue to see for an...

26Jul3:26 pmEST

The Eternal Bear Market Debate

Is it a base bottom after a large prior decline in price, or is it merely another consolidation in an ongoing bear market before the next brutal move lower ?  One can, essentially, boil many charts down to that issue throughout the course of a bear market, as we are in with the major indices operating below declining 200-day simple moving...

26Jul10:20 amEST

Carnival is the Walmart of Cruise Lines

You will pardon me for hijacking the title of this blog post from a 2019 article I came across .  From a stock market perspective, and especially in light of the WMT earnings selloff, I find the comparison fascinating as Walmart made a point on the call that many more consumers are doing their grocery shopping at the giant store, presumably...

25Jul3:30 pmEST

You're Either Natty or You're Not

The highlight of today's otherwise slow-as-summer-doldrums session today figures to be the impressive moves across the energy complex. We have been consistent in tracking the potential of the group. And now comes the stiff test as to whether energy bulls can fight through a loaded coming week of earnings the FOMC, other macro data points like...

25Jul11:40 amEST

The Great Energy Tug-of-War

Last week we charted, on several occasions, various bullish inverse head and shoulders bottoms in the energy sector, be it the USO ETF for crude itself or the XOP ETF for exploration firms.  But we can chart as many of those as we like at this point.  The real crux of the issue is how the market sorts out the tug-of-war taking place between...

24Jul9:26 amEST

Weekend Overview and Analysis 07/24/22 {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...

22Jul11:28 amEST

Over the Tech Top

The SNAP bloodbath today is a good reminder that the Nasdaq bear market is not likely to be over. In fact, my view is that with the likes of TSLA still richly valued (among many, many others despite steep price drops this year) we could easily have a long ways to go in the next few quarters before I would be prepared to declare a major bottom...

21Jul4:34 pmEST

Stock Market Recap 07/21/22 {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...

21Jul10:50 amEST

The Heart of Summer Action

With a fair amount of Wall Street away from their desks in the heart of summer the day-to-day swings we continue to see should not come as too much of a surprise. TSLA is enjoying a nice post-earnings pop, but it does not seem to be carrying the Nasdaq higher as bulls may have expected. Instead, we are left with a mixed, soft session with less...

20Jul10:40 amEST

A Seaside Heights Rally

Led by high quality names like Coinbase, Cathie Wood's ARKK (below on the updated daily chart) is staging a mid-summer revival of sorts as price clears well-defined multi-month resistance this morning.  I am being cheeky, of course, in referring to COIN as high quality--In fact, this rally is rather trashy, as we have some of the highest beta,...

19Jul3:41 pmEST

A Beauty and a Cheapie

As China reopens, we have South Korea steel maker POSCO, first below on its daily chart, trading with a PE of 2 (!) and a well-run company. It is hard not to think that PKX is due for a sharp, continued bounce given the broad market action and China re-opening as most commodities firm up.  And on the second daily chart, below, we have HALO, one...

19Jul11:18 amEST

Roundtrip: But is it Really Over?

The once red-hot soft commodities and their related agribusiness stocks have been humbled throughout the spring and early summer months. As the war in Ukraine marches on, however, coupled with entrenched inflation overall one has to wonder (not unlike with the energy stocks) if the sharp moves lower have been more of the bull market correction...

15Jul10:00 amEST

A Midsummer Chop's Dream

I must say that it seems that more than 2/3 of the battle in trying to emerge from this summer in one piece, so to speak, is in forcing myself to slow down even more than I want to. To be sure, I would love to give Members a constant stream of action in terms of endless trades on a daily basis. And many services do just that in an attempt to...

14Jul2:53 pmEST

Golden Apathy 07/14/22 {Video}

14Jul11:16 amEST

Waiting for the Music to Stop

After appearing almost apologetic to taper and then tighten earlier during this inflationary cycle, Fed Chair Jay Powell now seems to be ramping up his rhetoric (and especially his leaks to The Fed's mouthpiece at The Wall Street Journal ) regarding a decidedly hawkish bias until further notice.  Just yesterday, it was leaked that The Fed may...

13Jul11:00 amEST

A Rough Refueling

It still seems as though it would be a bit too easy for oil and gas to have topped out for this cycle, and I am not ruling out another run to new highs for both oil and gas prices. In fact, I am on the lookout for a resumption of the prior strength, as both crude and natty are strong this morning.  While the bounce in tech and bonds off the...

12Jul3:38 pmEST

I'm Sorry I Ruined Your Peak Inflation Party

The trend is still up in rates this year, despite how many calls I am seeing for peak inflation already having hit and the inevitability of rates cratering back down.  Thus, headed into a CPI print tomorrow morning where it seems like folks have become far more concerned about a recession than higher rates, I almost feel contrarian in thinking...

12Jul9:55 amEST

Suddenly a Hitter's BallPark for a Defensive Play

With a modest PE ratio, solid dividend, iconic assortment of brands, and now one of the best technical setups in the XLP ETF (consumer staples stocks) if not the entire market (daily chart, below), The Molson Coors Beverage Company (TAP) is an intriguing name with earnings not until the end of the month. You can see price threatening an upside...

11Jul10:44 amEST

On the Straight and Narrow

One thing is for sure: This market has done an excellent job of keeping virtually all speculators on the straight and narrow and pretty much the opposite of brimming with the sort of cockiness we saw off the pandemic lows. No, gone are the days of constant rocket ship emoji and incessant talk about various crypto coins and growth stocks mooning...

10Jul10:46 amEST

Weekend Overview and Analysis 07/10/22 {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...

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