Trading Ideas
Showing articles 1 - 20 (5453 total)
12Dec3:10 pmEST
How Could it Be OK if It's Askew?
I saw on X that @Barchart posted how low the "MOVE" Index has been sinking, which is basically the VIX of the bond market, illustrated below. It would seem there is much ado about nothing, according to the MOVE Index, despite rates pushing higher as Treasuries selloff after both yesterday's inline CPI print, a strong 10-Year auction, and then...
11Dec10:13 amEST
Ready to Go At a Moment's Notice
Natural gas is red-hot this morning, out in front of the commodity complex as the CPI print confirmed what we basically knew anyway: Inflation is reaccelerating into Fed rate cuts. Further, while it is certainly true that uranium and nuclear reactor plays are enticing on the long side, the more imminent, realistic play for AI energy is natural...
05Dec3:39 pmEST
Bull Market Don't Die of Old Age
The old Wall Street is adage is that bull markets, "do not die of old age," meaning it is impossible to put an expiration date on a bull run merely because it has already rallied for many years. That said, bull markets most certainly do die when the final marginal buyer has been exhausted and the market is essentially all "bought up" with...
04Dec3:10 pmEST
Political Trades Require Cunning Instincts
One phenomenon I have noticed over the decades with each incoming Presidential Administration has been the temptation to find the new President trade. With Obama, it was green energy, for example. But those trades rarely have staying power. In fact, the opposite usually happens, with sectors you expect to lead, lagging, and sectors you expect...
03Dec3:37 pmEST
Seeing the Oil Barrel Half Full Today
Crude oil is up nicely today while natural gas is taking a shellacking. From my perch it is instructive to see natural gas-related stocks, like Northern Oil (below on the updated daily chart) basically ignore the natty selloff and remain either pushing higher or tightening up for fresh consolidations, such as with CTRA. Going forward, we still...
02Dec2:31 pmEST
SMCI's One-Person Committee is Part of a Team
Courtesy of @unusual_whales on X: Super Micro Computer, $SMCI, announced the completion of a review by an independent Special Committee, which consisted of only one person, and which found no evidence of misconduct or fraud by the company’s management or Board. As ridiculous as a one-person "Special Committee" sounds, especially for...
29Nov9:07 amEST
Morning Prep 11/29/24 {Video}
The following video is an example of the types of Morning Prep Videos I present to Members of the Market Chess Subscription Services on a daily basis. Please click here for more details about joining to access these videos regularly, as well as plenty of other features.
26Nov3:09 pmEST
Saylor is Due for Rough Seas
The broad market continues to sleepwalk sideways-to-higher on a daily basis as we zoom towards the holiday season. Tomorrow is one of the most traveled days of the years (apparently the busiest day of travel each year is the Sunday after Thanksgiving), but we do have a deluge of data tomorrow morning which could move markets. That said, the...
25Nov2:53 pmEST
Beset By Bessent, And Other Political Trades
I have traded through enough presidential cycles to know that it is not just Trump, and it is not just Republicans--Every single new administration is full of guesswork on Wall Street as to the next "hot trade" based on the incoming President. However, more often than not those trades wind up being short-lived, whether it be Obama and clean...
21Nov1:46 pmEST
A Sippy Cup of Milk to Start
Seeing as I still view most commodities as being their " sippy cup of milk" stage as we embark on entrenched inflation and slowing economic growth in the coming years, the recent hard shakeouts in the precious metals and miners did not come as much of a surprise. Instead, what is more important going forward is that we see actual evidence of...
20Nov1:24 pmEST
The Trouble with Retail is That It's Full of Stocks
On the back of the Lowe's earnings selloff we noted yesterday we now have shares of Target getting body slammed by more this 22% as I write this after its own report this morning. Once again, all roads in equities lead to NVDA earnings tonight, as it is the largest firm by market cap in the world (over $3.5 trillion) and the premier...
19Nov3:22 pmEST
A Market So High it Ignores the Lowe's
The market still seems to be of the mind to rally the narrow pocket of growth stocks into NVDA's earnings tomorrow evening, with the likes of MSTR PLTR SMCI and the aforementioned NVDA all snapping back today. As usual, this market is also ignoring the likes of Lowe's reporting a year over year drop in earnings, with do-it-yourself demand for...
18Nov2:05 pmEST
And Just Like That, SMCI is (Not) Fixed
The headlines today about SMCI read, "Super Micro Stock Jumps As Data Center Firm Preps Plan To Avoid Delisting" (courtesy of Investor's Business Daily ). The stock is up more than 20% as I write this. Bulls may want to think long and hard on that one--A massive relief rally in a mere plan to avoid a delisting for a stock in the hottest...
14Nov4:41 pmEST
Stock Market Recap 11/14/24 {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...
12Nov3:31 pmEST
Why the Pain Trade in Rates is Still Higher
Yesterday was a bond market holiday. However, TLT (ETF for Treasuries) still traded. In previous years I have seen bond bulls use this opportunity as a free pass of sorts to rally the ETF (as this ETF goes up, rates go down, generally speaking). But that did not happen yesterday on Veterans Day. And now today we have TLT in the midst of...
11Nov1:32 pmEST
Three Card Monte Market
There are so many moving parts to the current market, with aggressive daily rotations and dispersion, that it can drive one mad to try to time every near-term top and bottom across the board. At times it really does seem like a street hustle of three card monte. Overall, I still view the underperformance of semis and some mega cap tech as a...
10Nov11:13 amEST
Weekend Overview and Analysis 11/10/24 {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...
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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.
