Trading Ideas
Showing articles 1 - 20 (5196 total)
29Sep10:31 amEST
Let Me Tell You a Couple of Three Things
Dow component and retail titan, Nike, below on the daily chart, is gapping up hard after earnings last evening. And just like with Disney, another Dow component, which gapped up in August after earnings, it would not shock be if all of the bullish cheers will soon be silenced again. Back on August 10th, Disney gapped up on earnings to a chorus...
28Sep11:10 amEST
Change the Seasons, But Not My View
With TBT, the ultra-short ETF essentially betting hard against TLT and betting on higher rates, poking above $40 this morning I decided to right-size my position in long TBT wither Members down to a regular, 2% size (meaning 2% of my dedicated Market Chess educational portfolio)--My cost basis on the overweight position was $28.85 and I have...
26Sep11:36 amEST
No Consolidation Lasts Forever
With the month and quarter coming to an end this Friday by the closing bell, have a look if you would, please, at the month and quarterly charts, respectively below, for the IWM (ETF for the small caps in the Russell 2000 Index). You are taking about uniquely extended periods of consolidation, to the point where many are assuming--rather...
25Sep11:16 amEST
You See Bottoms; I See Complacency
Stocks are slowly dripping lower with modest intraday bounce attempts, for now at least. However, the noteworthy action this morning is that both rates and the Dollar are spiking. I have not been shy at all in voicing my view that, ultimately, a new bond secular bear market is underway and that will be the undoing of the great equity chase...
24Sep11:04 amEST
Weekend Overview and Analysis 09/24/23 {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...
22Sep1:35 pmEST
Call Me Kat; Call Me Dead Kitty Kat Bounce
I suppose I could cherry-pick the weakness in NFLX TSLA or even the banks. But to my eye, as one of our Members has been tracking closely, the persistent weakness in airlines after previously being adored by bulls as a sign of the vibrant economy seems telling. On the updated JETS weekly chart, below, the mid-July reversal we highlighted in...
21Sep10:29 amEST
No Bottom for Alibaba
It is rather noticeable that China stocks received tons of cheers by momentum traders into each rally over the last few quarters, only to see said rallies frizzle out each and every time. What that tells me, gauging the BABA monthly chart, below, in addition to the FXI KWEB ETFs, is that China stocks have not bottomed despite their steep...
20Sep1:12 pmEST
What if it is the Pause Which Refreshes the Bond Selloff?
As we know, Jerome Powell is more than capable of being bullied into a corner. Case in point: Back in 2018 Powell was a brand new Fed Chair. He came out swinging with rate hikes and generally adopting a hard money approach, especially compared to the Bernanke and Yellen years. Then-President Trump ultimately made a point to publicly turn the...
19Sep1:47 pmEST
It Worked, And No One Cares
Lo and behold, the Home Depot bearish head and shoulders top, spanning mid-to-late summer as highlighted on the HD daily chart, below, triggered in a powerful way lower over the past few sessions. And no one cared. Bulls assume support will hold, and long-term players dismiss this move as merely noise. But given HD is not only in the Dow but...
17Sep10:41 amEST
Weekend Overview and Analysis 09/17/23 {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...
14Sep10:49 amEST
Europe Needs a New Marshall Plan
With the ECB raising rates again this morning and also lowering growth forecasts, the Euro is selling off against the Dollar. On the Euro/Dollar monthly chart, below, I see no evidence of a long-term bottom in the face of a strong multi-year downtrend. In fact, risk looks much lower here into 2024, as the European Union in general could...
12Sep10:57 amEST
Let's Find the Real Apex Predator
As we head into what are highly likely to be the pivotal events for the rest of 2023, namely the CPI tomorrow, then the FOMC next week, it is worth noting that both the High Yield Corporate Bond and Junk Bond ETFs, respectively below on their weekly timeframes, are at their apexes after roughly sixteen month consolidations each. From periods of...
11Sep11:35 amEST
Opening Game Moves
The overall price action early on smacks of a kind of opening game you would expect in a championship chess match, with both sides trying to jockey for just the right position headed into the CPI this Wednesday, followed by the FOMC the week after. Specifically, NVDA and semiconductors are selling off, while TSLA is surging higher to the tune...
10Sep11:34 amEST
Weekend Overview and Analysis 09/10/23 {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...
06Sep11:01 amEST
Americans Will Never Give Up Their Guns
But they appear to have stopped buying news ones, for the time being. You may or may not recall the early-pandemic phenomenon where many took their "stimmy checks" to the gun shop, gun store, or sporting goods store (or your vendor of choice) to purchase the hot weapon(s) they have always desired. Of course, what this was doing, in effect,...
05Sep10:20 amEST
Follow the Script
Bulls are looking for markets to follow the "higher low" script, meaning any dips will be relatively shallow and ultimately bought up nicely into the end of calendar year to perhaps challenge all-time highs on the major indices. Bears are expecting the recent late-August snapback rally to amount to a "lower high," setting up a house of horrors...
04Sep10:53 amEST
Holiday Overview and Analysis 09/04/23 {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...
01Sep9:11 amEST
Morning Prep 09/01/23 {Video}
The following video is an example of the type of daily Morning Prep videos which I present each morning to Members of Market Chess Subscription Services to help prepare for each trading day. If you enjoy my videos and blog posts, then please click here for more details about joining Market Chess Subscription Services for plenty of other...
31Aug4:56 pmEST
Stock Market Recap 08/31/23 {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...
30Aug3:11 pmEST
Something's Gotta Give
Over the last two years Okta, which reports this evening and is shown on the monthly chart, below, has beaten both top and bottom line estimates 100% (!) of the time. Although I have always thought that earnings are the epitome of a roulette wheel gamble, insofar as the immediate reaction, I suspect something has got to give, as LeAnn Rimes...
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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.
