Trading Ideas
Showing articles 1 - 20 (5610 total)
16Sep2:18 pmEST
Welcome Back
It seems fitting that APA Corporation (below on the daily chart), the holding company for energy exploration firm, Apache, is leading both the XLE and XOP oil stock ETFs higher today amid a strong session for crude oil and gasoline. After all, APA is one of the cheapest stocks by valuation in the entire market at this point, completely out of...
15Sep2:33 pmEST
Not All Overboughts Are Created Equal
Both precious miners (See: GDX ETF daily chart, first below) and the Nasdaq are higher again, as both are pushing the boundaries of near-term overbought conditions. However, that is where the comparisons mostly end. Even though precious miners have been on a tear for nearly six weeks now they still remain woefully undervalued. They are also...
10Sep3:42 pmEST
Hiding in the Shadows
It is not just the likes of Chipotle, Starbucks, or Lululemon weakening on a daily basis in retail/consumer space these days, as those names could--and have, by equity and macro bulls--easily be dismissed for brand maturity and losing market share to newcomers. Instead, we are taking about titans of industry, Costco and Visa, respectively...
09Sep12:46 pmEST
Fear Does Not Exist in This Doji
A doji is a single candlestick pattern in which the open and close prices of the security or market are the same or very close to it. ( Investopedia ) U.S. Job growth was revised down by a whopping 911,000 through March of this year, indicative of erroneous views by many about a robust goldilocks economy in recent quarters. Mind you, this...
08Sep2:27 pmEST
You Gonna Make a Cake, Too?
Treasuries, gold, and most of the Nasdaq are up today, in most cases quite decisively, as a looming rate cut at the September 17th FOMC seems all but a lock. Of course, one major issue is whether Powell and his crew decide to cut 25 or 50 bps--A 25bps cut may very well disappoint markets, although 50bps may scare them into thinking something...
04Sep3:36 pmEST
It's Not Always the Easy Choice
Over the decades it has become Wall Street lore that investing long-term in "boring, safe, defensive stocks" with a dividend is a virtual lay-up if you have the patience and lack the desire for any kind of action in your portfolio. However, that view has a blind spot: The liquidity bubble since the 2009 bear market bottom has found its way...
03Sep11:54 amEST
Howd'ya Like That, Boys? A Copper!
As a follow-up to this June 24th piece , copper stocks continue to improve to virtually no fanfare. Freeport McMoran is the most (relatively) visible name, trading under ticker FCX. But Southern Copper, below on the daily chart, is another domestic copper play improving steadily. As you can see, SCCO is breaking out today alongside FCX and...
02Sep11:25 amEST
Not Great, Bob
Several decades ago Warren Buffett gave an interview where he said, and I am paraphrasing, that in economics you always must ask the question, "And then what happens?". Applied to the current market we have just experienced a slow, tedious, volatility-free summer of endless slow-motion melt-ups ignoring any and all bad news. Given that, one...
29Aug1:22 pmEST
Underowned and Underloved
It is the Friday before the long Labor Day Weekend, as we conclude a summer of mostly tedious price action (and non-existent volatility) against the backdrop of nonstop political and economic drama-filled headlines. Thus, we should probably take virtually everything we see, hear, and feel today with a grain of salt since many traders are...
27Aug2:45 pmEST
Twenty-Five Years Ago to the Month
With NVIDIA earnings this evening it is worth revisiting a parallel we have previously drawn both here and with Members: The magnificent bubble and collapse of Cisco during the dot-com mania. CSCO still has not recaptured its prior highs from mid-2000, as seen on the quarterly chart, below. If you traded back then, you know that CSCO, with...
26Aug2:16 pmEST
The Hangover Effect
It has been a wild late-August for Target after a summer-long rally abruptly ended on news of its CEO stepping down alongside a recent earning selloff. Overall, shares of TGT topped out back in late-2021 and remain well below those $268.98 highs, with the stock now trading in double digits as I write this. For our purposes, however, the...
25Aug3:04 pmEST
Summertime Blues
NVDA is up about 2% into the final hour of trading, headed into Wednesday evening's earnings which is, no doubt, the last remaining major firm to report this summer. Of course, we also have GDP and PCE data points later in the week, both of which could easily shift expectations for a September rate cut. In addition, President Trump is as active...
20Aug1:25 pmEST
I Respect the Strategy
News of Pepsi raising prices by 10% on their carbonated soft drinks in a few weeks hit the wires today. In addition, I saw a report that Monster Energy (of which Coca Cola owns a piece) plans to raise prices on its U.S. energy drinks. These price increases during an entrenched period of inflation should come as no surprise to anyone....
19Aug3:08 pmEST
Rethinking Old Battle Lines
Today seems like the first day in forever that we are seeing coordinated heavy selling at the epicenter of the bubble in AI/growth/tech. High-flying names likes PLTR HOOD, chips like AMD MRVL, as well as monsters like NVDA are all being sold fairly aggressively into the final hour. Naturally, one session does not a new downtrend make,...
18Aug1:28 pmEST
Time to Be Open-Minded About Solar
After several years of price action which can only be described as putrid we now have some domestic solars like First Solar and Sunrun bearing an uncanny resemblance to the TAN sector ETF daily chart, seen below. In all cases we have price recently consolidating back above the 200-day moving average (yellow line) and then pushing higher...
14Aug3:22 pmEST
If You Don't Like the Temperature, Just Change the Thermometer
Even with one of the hottest PPI prints I can recall in years earlier this morning, the CME FedWatch odds for rate cuts at the next FOMC (and each subsequent one into early-2026) are still well over 90%. Now, The Fed may opt for a 25 bps cut in lieu of 50 bps given the hot print. But unless Jerome Powell can summons the fortitude to shun both...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
