Trading Ideas
Showing articles 1 - 20 (5495 total)
27Feb2:42 pmEST
It's the Jacket
As it turns out, NVIDIA CEO Jensen Huang's famous black leather jacket could not spawn another epic earnings gap higher this time around for the monster AI name. Instead, NVDA is down by more than 5% as I write this, with the semiconductors as a sector leading to the downside all session long. In addition, the second largest SMH ETF holding...
25Feb2:23 pmEST
The Coming-Around-the-Mountain Pattern
It is not likely an exaggeration to say that the pattern of the major indices gapping down and printing the lows of the session within the first 10-90 minutes after the opening bell occurred several dozen--if not over a hundred times--over the last two years. The buy programs would pounce on any initial weakness and ignite a furious squeeze,...
24Feb12:50 pmEST
Battle on Two Fronts
NVIDIA is, of course, the focal point of this week's action, with earnings set to report Wednesday after the bell. True, we also have GDP and PCE data points later in the week. But NVDA, as the marquee mega cap at the epicenter of the AI mania, should determine whether bulls continue to party. That said, this earnings week is also a kind of...
20Feb2:09 pmEST
Stay Stealth At Fort Knox
With a supposed looming audit of Fort Knox coming by the Trump Administration, gold and metals/miners are back at it again today. It seems particularly bullish and risk-on that the silver metal and the junior precious miners, below on the GDXJ ETF daily chart, are out in front of the complex. Of course there are also rumors of jumbo jets...
19Feb2:31 pmEST
Drifting At Sea
The ETF for the "Magnificent 7" leading mega cap tech stocks, below on the daily timeframe, pretty much sums up the state of things with this market: We have a drifting tape, low in volume and narrow in range. Note how tight the apex of the symmetrical triangle is getting, with the lower highs and higher lows nearly converging. History says...
18Feb2:13 pmEST
Housing is Dead; Long Live Housing
Rates continue to remain elevated--Higher for longer, indeed. While I am still flabbergasted at the Nasdaq and VIX largely ignoring this issue (for now, at least), housing and related stocks have clearly gotten the message. And it may only be starting. On the NVR daily chart, below, this homebuilder serves as just one of many examples of the...
13Feb1:42 pmEST
Do We Need Taiwan or Not?
Despite some notable weak spots underneath the surface today, such as transports, Microsoft (again), and Amazon, just to name a few, stocks are broadly higher after shrugging off a hot PPI print this morning. A headline crossed earlier that Trump may delay tariffs for another month or two, which seems to have assuaged fears of imminent negative...
12Feb1:33 pmEST
Denial Ain't Just a River in D.C.
Even with an undeniably red-hot CPI print this morning, plenty of market pundits and players, not to mention central bankers, remain reticent to admit that inflation is actually back on the rise. These folks are sticking to their guns regarding the notion inflation has already "come down significantly," and now we are simply enduing a bumpy...
11Feb1:22 pmEST
I'd Rather Have Low and Slow Cooking Than Low and Slow Markets
We have another session of generally low volume and generally slow-paced price action. True, Powell gave the first of this two-day Congressional semi-annual testimony. But the CPI inflation print tomorrow morning still seems like it is shaping up as a the key event of the week, especially given Powell's penchant for lawyerly double-speak in...
10Feb1:28 pmEST
More Tariffs While the Market Spins Its Wheels
News of President Trump saying he will impose a 25% tariff on aluminum and steel imports has the domestic materials plays mostly higher today. Larger names like AA NUE X are getting attention. But smaller names like Chicago-based Ryerson, below on its daily chart, ought not be overlooked. Compared to other smaller domestic materials plays like...
03Feb1:35 pmEST
Don't Forget About the Real Inflation Gauge
The period immediately after the Super Bowl, which begins this Sunday evening, is assuredly the dead period of winter, where the holidays and the freshness of the winter season from late-last year are a distant memory, but the anticipation of spring is still too far away to truly get excited. Thus, one can be forgiven for not thinking much...
30Jan1:04 pmEST
Catalysts Versus Excuses
When you see a high, tight bull flag, especially on a long-term timeframe like the GLD ETF (for gold metal) monthly chart, first below, uncoil higher with aggression it is almost assuredly a sign of extreme bullishness given the urgency of buyers to pounce on any and all long-term pauses. We have been highlighting this flag for a while now,...
29Jan10:47 amEST
Cutting? Seriously, Cutting?
At the risk of launching a Jim Mora rant , I will simply flag the DBA ETF (for a basket of soft commodities) weekly chart, second below, challenging ten-year highs from December 2024 here as softs stage a resurgence in early-2025. The first graph, below, shows the top-weighted components of DBA--Ask yourself how significant each one of these...
23Jan3:27 pmEST
Don't Underestimate Japan
Lost in the shuffle of NFLX earnings and Trump's first few days in office for his second terms with endless headlines and sound bites is the Bank of Japan meeting this evening. Markets are actually almost fully pricing in a rate hike, the likes of which we have not seen since last summer when we saw a violent but ephemeral spike in the VIX as...
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“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.
