Trading Ideas
Showing articles 1 - 20 (5507 total)
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...
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...
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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.
