Trading Ideas
Showing articles 1 - 20 (5515 total)
02Apr2:25 pmEST
Block Out the Noise
It looks like we will not know the full gauntlet of President Trump's tariff plans until after the closing bell today, with a press event in the Rose Garden slated for 4 p.m. EST. In the meantime, stocks have taken the liberty of rallying several times today, though as we speak we have a substantial fade well off session highs. The fact...
01Apr1:11 pmEST
Nice 'N' Easy Does it for Energy Stocks
Much like the commodity complex at-large we have some energy stocks clearly making progress on the technical front in recent weeks and months while others are still searching for a clear bottom--Gold, silver, and natural gas have made clear strides in recent months, with gold being the ringleader in commodities, while other commodities like oil...
31Mar1:18 pmEST
Drop, Stop, and Roll Up
What we have so far today in the market is a variation of the old, "Stop, Drop, and Roll," a fire safety technique used to extinguish flames if one's clothing catches fire. In this case, it is more akin to a drop (at the open), a stop (dip-buyers step in), and a roll (slow grind up for the rest of the day). We have seen this pattern countless...
27Mar3:14 pmEST
Silent as a Mouse
Another impressively strong session for silver today. And another session where silver's strength is met with apathy. On the first monthly chart, below, for the silver metal ETF, you can see the long-term strength reemerging after a fourteen year hiatus. The horizontal light blue line shows the ETF holding above a key level dating back over a...
26Mar2:54 pmEST
More Stealth Accumulation in Precious Metals
Once again we have another session of risk-off action in equities where an economically-sensitive metal like silver would normally be walloped. Instead, silver has basically been green all session, which is all the more impressive after yesterday's gap higher breakout attempt from its latest consolidation. In addition, you will note the bottom...
25Mar1:59 pmEST
No, This is Not Normal
After being lauded for its stock performance to new all-time highs earlier this winter, Walmart has quietly corrected sharply in recent weeks. As I just noted with Members, the daily chart looks like an actionable short idea, since the recent bounce attempt has not gained much traction and is now shaping up as a bear flag. For our purposes in...
24Mar2:30 pmEST
Getting a Bit Too Cute
As I wrote back on March 5th , "A Thousand Blows Could Ruin the Art of the Deal." Specifically, markets may stop assigning much faith at all to President Trump's use of tariffs as a now-you-see-it-now-you-don't negotiating tactic, given his propensity to dial back the rhetoric as he did last evening. While bulls in equities today are...
20Mar1:56 pmEST
The Perfect Recipe to Limp Along
The FOMC has come and gone, with Powell soothing stagflation fears for the time being. Options expiration for the month and quarter is tomorrow. March Madness is underway as we speak. And Lord knows who is still, ahem, dehydrated from Saint Patrick's Day on Monday. All of the above factors should make the price action today, thus far, not too...
19Mar3:27 pmEST
There's Something About Powell
Although the initial FOMC statement seemed stagflationary, what with higher inflation forecasts and lower growth projections by the committee, Fed Chair Powell did his usual bit of spinning things in a dovish manner at his presser. Specifically, he is sticking to his guns that inflation is transitory, coupled with the economy being in a good...
18Mar3:43 pmEST
The Party's Over, Nerds
Headed into the FOMC tomorrow we have stocks pulling back. Overall, we are flopping around as we expected with Members early this week. The true test will be how the market interprets The Fed's tone and tenor tomorrow regarding future policy moves, meaning how dovish they appear. In the meantime, shares of Reddit (weekly chart, first below) are...
17Mar12:41 pmEST
One Sniff Will Last You the Rest of Your Journey
The VIX (which is said to measure fear from the options market, or at least an options market taken by surprise of events) chart, below on the daily timeframe, dates back to last summer. But we also know that since the pandemic any and all spikes above the 20 level have been but a whiff, of which we got a sniff and resumed the bull journey in...
11Mar3:03 pmEST
Can You Handle the Drama and Chaos?
Markets are whipping around again today amid swirling geopolitical headlines, as many traders are beginning to become exasperated by all of the drama and chaos. Of course, it is a natural reaction--We are human, after all (well, at least most of us, with exception of the algos). As I write this, we are seeing a late-afternoon squeeze in the...
10Mar12:38 pmEST
False Bottoms and False Prophets
It looks like Twitter (or "X," with the site having technical issues) is down with the market today, as Friday afternoon's upside reversal on Fed Chair Jay Powell's upbeat remarks about the economy is now falling flat. For many years now, the market has given more than the benefit of the doubt to Powell. He always seemed to have the Midas...
06Mar3:29 pmEST
I Know a Dirty Crew When I See It
Headed into tomorrow morning's jobs report we have equities swooning again today. Bottom-callers expected the 200-day moving averages on the senior indices to provide more immediate support. But the battle wages on as the tariff headlines become more indecisive and murky by the day. In addition, some earnings disasters like MDB and MRVL are not...
04Mar12:47 pmEST
It's Only Natural
After years of countless dips getting bought aggressively, "V"-shaping to fresh highs in short order even in the face of seemingly insurmountable bearish headwinds, it is only natural for shorts to now be concerned about getting caught up in a vicious squeeze at any moment. Similarly, it is only natural for bulls to now fear missing out on yet...
03Mar3:30 pmEST
Trapped in the Same Hotel
After last Friday's late-day upside reversal, coupled with a Trump crypto pump tweet over the weekend, a familiar expectation was that today would annihilate short-sellers with yet another in a long line of face-ripping reversion rallies in light of the market's recent pullback. As we have been noting with Members, however, that expectation...
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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.
