Trading Ideas
Showing articles 161 - 180 (5507 total)
29May12:28 pmEST
An Oldie But Goodie
Rates are on the move higher again today with the 10-Year Note back over 4.6% as I write this. Without question the many folks who boldly proclaimed rates had topped for the year earlier this month will need to at least pause and reflect on that view, as we noted yesterday that the TNX (Index for Rates on the 10-Year) weekly chart has been...
28May10:15 amEST
Oil Still Could Crack the Case
As a fiery debate rages across many asset classes regarding whether or not inflation is reaccelerating, crude oil may be the key piece of the puzzle which determines the outcome this summer. On the updated USO ETF daily chart, below, you can see the technical crossroads crude is faced with--A full month now of flopping and chopping around...
22May2:18 pmEST
Learn Your LULU Lesson
When shares of Lululemon hit new all-time highs last December 2023 it was quite fashionable for bulls to boast about how LULU was just like COST GOOGL MSFT NVDA and other nonstop, crowded winners who simply could not lose in this market. Since then, as you can see on the monthly chart for LULU, first below, the stock has tumbled violently...
20May11:30 amEST
The Coast May Never Be Clear
Notoriously full of head-fakes and heartbreaks, commodities can be the most ruthless asset class when it comes to trying to time breakouts. For long periods of time commodities essentially lay dormant. But when they do finally wake up, the momentum can be beyond the comprehension of even the most steadfast of bulls. All we can do is...
15May1:06 pmEST
Making Sense of Irrationality
Stocks continue to celebrate virtually any and all news, be it hot prints, cool prints, strong or soft economic data. History tells us we are seeing all of the classic signs of a major market top, from the meme stock squeezes to sentiment, positioning, valuation of a narrow group of leaders, to divergences for years in small caps, transports,...
07May1:08 pmEST
Chasing the Mystery
Much debate is currently swirling about whether we are, in fact, seeing another wave higher of inflation or, instead, inflation is either flat-lining or even receding. There seem to be intelligent, well-studied folks on both sides of that debate. Housing and rents figure to be the tiebreaker. And as we know, real estate can be inherently local...
06May12:31 pmEST
The Time is Now for Commodities
While skeptics will surely point to the recent unwind in cocoa's parabolic move, the reality is that commodities are staging an impressive, broad-based rally today after some generally mild recent consolidations almost across the board. You may also notice that some of the more notorious commodities, regarding prior false breakouts and...
30Apr1:11 pmEST
Occam's Razor Earnings Season
Although the headlines last Thursday evening noted that Microsoft was "surging" after earnings alongside GOOGL, the aftermath has been anything but that for "Mister Softee." As a reminder, MSFT is the largest publicly-traded firm in America, at nearly $3 trillion. A blowout earnings rally in AAPL NVDA, or further rampage in GOOGL may unseat...
29Apr11:54 amEST
I Refuse to Believe the Fix is In
Watching Eight Men Out (1988), one of my favorite all-time period piece historical films, again last evening, I thought about some emails I received from readers of late positing that "they" simply will not let the market fall in an election year. If you have seen the film then you know the relevance of considering whether markets are...
25Apr11:48 amEST
NVIDIA: Noise or Nonstop Momentum?
Even with the sharp META selloff, semiconductors are one of the clear morning winners as Zuck and his team emphasized on the conference calls that he will be spending money on AI. Thus, NVIDIA is out in front of the group. That said, on the updated NVDA daily chart, below, now more than ever it is important to focus on the context of these...
22Apr12:48 pmEST
Shaking the Tree
Equities are kicking off an extremely busy week of earnings and macro news with a relief rally from near-term oversold conditions arrived at after the sharp selloff in the Nasdaq into last Friday. Commodities are mostly getting sold, with the exception of natural gas and some lagging ags like wheat, which probably illustrates the correlations...
21Apr10:46 amEST
Weekend Overview and Analysis 04/21/24 {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...
18Apr2:08 pmEST
Now We See How Much of a Leader Apple Remains
In a testament to just how rabid the animal spirits have become on Wall Street these days, the glaring weakness in Apple in 2024, heretofore, has barely put a dent in the broad market for all of winter and a fair amount of Q2. No, for all of Q1 the likes of NVDA and SMCI, not to mention Magnificent 7 peers like MSFT META NFLX, and others,...
17Apr11:52 amEST
One DJT is More Important Than the Other DJT
During this election year, especially, amid the news flow and court proceedings it is completely understandable why the Trump Media new ticker, DJT, would garner plenty of attention from traders and even Main Street casual market watchers alike. However, from my perch the other DJT, which stands for Dow Jones Transportation Average ticker, on...
16Apr3:10 pmEST
Sending Out an SOS on the SPR
It has been a tedious, choppy, back-and-forth session for the most part today. Apple is notably weak and in danger of giving up all of its recent bounce. And that seem especially bearish given how so many folks seemed hell-bent on precisely calling the bottom in the name to bet on considerable, imminent upside. Powell gave some hawkish remarks...
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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.
