Trading Ideas
Showing articles 1 - 20 (5565 total)
02Jul11:51 amEST
It's a Marathon, Man
Most commodity miners are having an impressive session, with the XME (ETF for materials miners) surging 3.67% as I write this after recapturing its 200-day moving average after Memorial Day. Copper, coal, palladium, and platinum are mostly leading the charge. But let us not forget that gold was way ahead of this move, rallying sharply since...
01Jul12:56 pmEST
Big Round Top and Little Round Top
Shares of both Ford and General Motors are rallying sharply today and, frankly, look more technically appealing than they have in recent memory. This move is in no small part due to Tesla's trials and tribulations, namely the potential fallout from a Trump/Musk feud which intermittently alternates between being schoolyard amusement and...
30Jun2:14 pmEST
Who Needs Viagra When There's Netflix?
You can take the title of this blog post in any number of ways. But for our purposes we want to reiterate the gargantuan quarterly candles across most of the Nasdaq itself as well as its constituents. Non-Nasdaq stocks and sectors also apply, given the ferocity of the selloff in March and the snapback since early-April. Thus, as we wind down...
26Jun2:47 pmEST
T.I.A. for Your P.G.M.'s
Platinum group metals (PGMs) refer to a group of six chemically similar, precious metallic elements: platinum, palladium, rhodium, ruthenium, osmium, and iridium. The PGMs encompass the "other" precious metals, frequently overlooked beyond gold and silver. Thus, a firm like Johannesburg, South Africa-based Sibanye-Stillwater (SBSW, below on the...
24Jun2:44 pmEST
Come and Get Me, Copper
It seems difficult to look through the Iran/Israel ceasefire jubilation in markets this week, with equities squeezing higher while oil gets slammed lower. However, it is worth noting that Fed Chair Powell maintained a (relatively, for him) hawkish stance during the first day of his two-day testimony before the House Committee today. In other...
23Jun3:03 pmEST
Operation Midday Hammer
On the news that Iran's retaliation today against a U.S. air base in Qatar appeared to be nothing more than face-saving theater, equities reversed back up sharply from red while crude oil plunged, with the USO ETF down by more than 7% as I write this. I do not doubt the assertion that tensions with Iran may begin to subside if these...
18Jun3:32 pmEST
Is This Powell's Waterloo?
"Waterloo" commonly refers to a decisive or crushing defeat. This meaning originates from the Battle of Waterloo, fought in 1815 near Waterloo, Belgium, where Napoleon Bonaparte suffered a final, devastating loss. The term is often used in the idiom "meet one's Waterloo," meaning to face a final, insurmountable obstacle or defeat. In his...
17Jun3:10 pmEST
It's Taking its Ayatollah on Me
I must admit that the swirling headlines about trade deals and now the potential for American to officially enter into World War III has become more tedious than usual regarding the knee-jerk reactions by the markets (and general indecision). All of this seems to have drowned out tomorrow's FOMC. However, it is a mistake to overlook The Fed...
16Jun3:00 pmEST
Dazed and Confused Stocks
Even with escalations over the weekend between Iran and Israel the "nothing ever happens" mantra/meme on Wall Street seems more relevant than ever with equities rallying today after last Friday's initial selloff. Semiconductors and the Nasdaq, overall, are leading the move, while various rate-sensitive sectors like REITs (IYR), housing, and...
11Jun2:20 pmEST
Ceremonial Viciousness
I find it hard to believe in a pure coincidence regarding this afternoon's fade in equities just as the IWM finally--finally--tagged its 200-day moving average from below. As you know, the Dow, S&P, and Nasdaq have all tagged and exceeded their respective 200-day moving averages during this rally since April. All that was left was for the...
10Jun12:03 pmEST
Subtle Detective Work
On the surface it seems like another low volume session drifting slightly higher for the major indices, even with some major American cities like Los Angeles facing various disruptions from protests, riots, and looting. From my perch the market seems far more focused with the ongoing trade talks with China and looming inflation data tomorrow...
09Jun2:45 pmEST
Try This for a Thought Experiment
Imagine you find yourself at a cocktail party with traders who mostly began getting involved with markets around the pandemic. Over the course of the evening you make your way around the room and chat up virtually everyone there. To be sure, all of them would be familiar with ubiquitous themes and tickers like AI, NVDA, PLTR, Magnificent 7...
05Jun12:38 pmEST
That's a Crazy Broad...com
Broadcom (AVGO), below on its quarterly chart, reports tonight to headline an intriguing late-season lineup alongside DOCU and LULU. The San Jose-based semiconductor firm is valued at $1.25 trillion market cap as I write this, which may take quite a few of you by surprise since Broadcom is not considered not be quite in that "Magnificent 7"...
04Jun2:25 pmEST
Things That Make You Go HIMS
While it is still technically spring outside and on the calendar, stocks are already operating as though we are fully into the summer doldrums with a daily drift higher seemingly outweighing any and all bearish headlines or potential volatility events. However, as we have been noting the setup remains in play for June to wind up being the...
03Jun3:11 pmEST
Waiting to Exhale
Netflix has not tested its 20-day moving average (a fairly short-term reference point) since mid-April. The QQQ has not since tested its own 20-day since April 23rd. And momentum darlings like HOOD are still chugging higher today. That said, a retail favorite like HIMS is staging a notable downside reversal off a big opening move higher,...
02Jun1:16 pmEST
Silver Shambala
One would almost need to be a Buddhist monk in the kingdom of Shambala to fully appreciate just how out of favor precious metals and miners have been, overall, with both retail and institutions for years on end despite every macro reason to be bullish. Alas, we must deal with the market here in the real word. And even though gold has been...
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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.
