Trading Ideas
Showing articles 141 - 160 (5507 total)
01Jul11:04 amEST
The Pain Trade in Rates is Still Higher
Here at Market Chess we tend to follow-up on our bad calls, updating them and keeping readers and Members apprised. Because of that, there is a tendency for some to focus on those bad calls, as opposed to others who either conveniently ignore them or pretend that they are always winning instead. The reason why I raise that issue is because one...
30Jun10:04 amEST
Weekend Overview and Analysis 06/30/24 {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...
26Jun11:48 amEST
It's Supposed to Be Non-Judgmental Intervention!
The Dollar/Yen currency cross, as tracked by the USDJPY ticker, is now back above where the powers that be intervened in Japan back in late-April. Essentially, the USDJPY crossing over $160 (which means a weakening Yen, since the Yen is the denominator) has been the level which has caused anxiety in the Land of the Rising Sun, and perhaps...
25Jun11:25 amEST
The Daily Swindle
Although I still do not subscribe to the, "It's All Rigged!" view of markets, on days like today, in the context of yesterday's action, it all sure can seem a bit too coincidental. Specifically, we have the inverse of yesterday: NVDA, semis, and tech are leading while virtually everything else is down or flattish. That said, as I write this I...
24Jun12:27 pmEST
Make Palladium Your Pal
South Africa, Russia, and North America are the top producers of palladium, one of the precious metals alongside gold, silver, and platinum. Of course, we know Russia these days is a geopolitical risk when it comes to commodities. And that seems to be the case of late with palladium, seen below on the PALL ETF daily chart for the commodity. As...
20Jun10:52 amEST
Happenings in the Far East
Bifurcation, as we have been noting here and with Members, is anywhere and everywhere you look these days: Within sectors (tech), within major economies, across asset classes and global markets. This is the primary driver behind the vast amount of cherry-picking going on right now be it from bulls, bears, doves, or hawks. But my main takeaway...
17Jun12:45 pmEST
The Curious Case of Bifurcation
Great visual, below, of just how bifurcated this market has become. Bifurcation is a concept that we have noted with Members in more depth. Simply put, it refers to the market losing its discipline beyond the standard "winners versus losers" you often see in capitalism. Instead, when the winners (tech, the blue line) become narrow and crowded...
13Jun2:21 pmEST
Two Firms Getting Their Lunches Eaten
Ford, upstaged by GM, and United Airlines, upstaged by Delta and others, both look like actionable short ideas into weakness, as seen on their respective daily charts, updated below. UAL looks like a head and shoulders top brewing, while Ford is breaking down from a bear flag, today. Overall, the market is still hinging on the runaway melt-up...
12Jun11:08 amEST
Summer Break or Summer Breakdown
Equities are exuberant this morning off a slightly cool CPI print, namely the small caps, Nasdaq, and rate-sensitive sectors. We still have the FOMC at 2pm EST, followed by a Powell press conference, which makes this rally all the more euphoric given the total lack of respect for any risk which may present itself later today. Still, bulls...
11Jun11:32 amEST
It Ain't Just the Regional Banks
Not only are the regional banks, housed in the KRE sector ETF, a lingering issue conveniently ignored by equity and credit bulls alike, but now we have the larger banks weakening alongside them. Yesterday we saw the KRE act poorly at prior support and largely unnoticed as NVDA, the FOMC, oil, and other topics grabbed headlines. Today we have...
10Jun11:19 amEST
Literal Diamonds in the Rough
Shares of Diamond Offshore are popping by more than 9% as I write this on the back of a buyout offer from Noble Energy this morning. Both firms are offshore rig contractors, with NE bigger than DO. Interestingly, shares of NE are higher, too, which is not the typical arbitrage play in mergers & acquisitions--The acquiring firm usually gets...
06Jun12:27 pmEST
Everything Works in Cycles
I recently read an article which noted that Automats are on the verge of a comeback in New York City. It would not surprise me to see laundromats pop up in more volume, too, as washer/dryer units in homes and apartments inevitably break from old age, wear and tear, and during times of inflation coupled with potentially slowing economic...
05Jun11:04 amEST
I. Was. Front-Running!
In many respects this particular stock market has turned into one, massive, front-running machine. While I understand many will counter that equities have always been a discounting mechanism, which I tend to largely agree with, this regime has featured a nonstop effort to price in any and all bullish outcomes to the extreme max. Not only have...
04Jun11:27 amEST
Tough to Make This Connection
You may be surprised to learn that the IWM, ETF for the small cap-led Russell 2000 Index, is currently trading at levels it traded at back in December 2020. For all of the talk about the epic NVDA bull run, the Magnificent 7 names, as well as the likes of COST building a kind of Tower of Babel off the charts into the sky being equated with...
03Jun1:16 pmEST
We Salute the Sector, Not the Stock
The NVIDIA-versus-the-world dynamic seems like it is even more at play today, to kick off the new month. Specifically, as I write this shares of NVDA are higher by 3% while the semiconductor index in the SOX is down by more than 1%. The Dow is down by about 400 points amid a plethora of broad market reversals lower from the open, when it seems...
30May1:23 pmEST
Just Don't Slip Up Now
We have a pretty textbook bull flag setup on the GDXJ, ETF for junior miners, as seen on the daily chart, below. Indeed, even with the silver metal coming in today it is quite impressive to see money flowing back into the precious miners after their recent consolidation. As you can see, the miners have not even suffered a flesh wound on 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.
