Trading Ideas
Showing articles 1 - 20 (5441 total)
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...
07Nov3:41 pmEST
Back in the Metals, Planning to Add
To keep things actionable around here, precious metals and derivative miners seem to be finding a bid after their recent harsh shakeouts. Fed Chair Powell's presser today featured more of the same from him, downplaying inflation risks and severely disrespecting the possibility of the dreaded stagflationary environment like the 1970s, with...
06Nov2:27 pmEST
I Bet You Wish You Had a Whirlpool Now
We have tons of violent moves across asset classes today on the back of the Trump victory overnight. However, I maintain my view that the bond market selloff, especially on the long end of the curve, will only prove more significant (and more menacing) over time--Case in point, we have the IYR getting pounded today amid the explosive overall...
04Nov3:15 pmEST
A Big Hurdle to Clear, But Well Worth It
With everything going on this week it is going to be easy to overlook potential false breakdowns in both oil and natural gas, respectively below on their ETF's daily charts. As you can see both oil and natty have been abysmal in recent weeks. But today natty is rallying nicely while oil is continuing to climb since finding buyers late last...
31Oct2:02 pmEST
Leaving Las Vegas Without Spending So Much
Casino operator MGM is being sold aggressively today despite trying to sound optimistic on its earnings call after reporting record net revenue, pointing to long-term opportunities in China, Japan, and online with BetMGM. Be that as it may, the firm missed on bottom line earnings and is being punished in kind by the market. For our purposes,...
29Oct3:31 pmEST
The Three Amigos the Next Three Days
I see rates are softening this afternoon after another recent push higher. Be that as it may, we have the full gauntlet of major earnings coming the next three evenings, starting with GOOGL tonight. On the GOOGL MSFT AMZN (each successively reporting the next three nights) weekly charts, below, I am still looking for the law of large numbers...
28Oct12:26 pmEST
Oil Bulls Are Captured Cowboys These Days
We are stuck in this moment now where select commodities like the precious metals and uranium/nuclear names are soundly outperforming. Meanwhile, oil is being held hostage by careful saber-rattling in the Middle East which never seems to fully escalate into a winner-take-all conflict. As a result, each time there is not an ugly escalation on...
21Oct1:58 pmEST
Royalty is Coming to America
After the run the precious metals and miners have had it is completely logical to wait for a lower risk entry on the long side. However, as we know, markets these days, especially, can be anything but logical. With rates spiraling higher again today, here are two reasonably non-extended precious miner-related plays, below, on their respective...
17Oct2:45 pmEST
Markets Used to Be Hard-Nosed and Tough
...And they will be again. For now, we have another slow session, as the Nasdaq fades well off the highs despite a massive move up in TSM after earnings. On that note, tonight we have both ISRG and NFLX reporting, respectively below on their quarterly charts. Intuitive Surgical, with its robotic surgical device, trades at around a forward PE...
16Oct12:27 pmEST
As Long as the Market is Exuberant, Let's Learn to Love the Bomb
Amazon made waves (no pun intended) this morning with a headline flashing pre-market that the iconic, innovative firm plans to invest $500 million to develop small modular reactors. As you might imagine, the entire nuclear and uranium space shot up on the news and is still right near session highs virtually across the board as I write this....
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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.
