Trading Ideas
Showing articles 41 - 60 (5342 total)
05Mar12:29 pmEST
Bring on the Passive Aggressive Types
The main reason why textbook bearish head and shoulders topping patterns tend to work so well at ushering in new bear markets and are quite obvious (in hindsight!) is, ironically, that they have failed numerous times on the way up during the bull run. And in this liquidity-driven bonanza since 2009 and especially since the pandemic that...
04Mar11:14 amEST
More Dignified Action
Amid plenty of other issues in markets and the world, it is quite easy to overlook the recent strength in natural gas after a prolonged period where natty bulls displayed unrivaled ineptitude. On the UNG ETF daily chart, updated below, the gap up today is a sizable one. And over the last few weeks we have seen some tangible evidence of at...
03Mar8:34 amEST
Weekend Overview and Analysis 03/03/24 {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...
29Feb11:44 amEST
It's Called Stealth for a Reason
The Nasdaq just faded to red as I am writing this. However, bears clearly need much more gusto than that to the downside in order to cement any kind of top. That said, I expect the stealth distribution in "Magnificent 7" names AAPL TSLA and now GOOGL to prove to be a leading indicator of where this market is headed in March, and perhaps...
28Feb12:10 pmEST
Floating the Idea of a Berkshire Top
Monday's big downside reversal after surging to fresh all-time highs for Berkshire Hathaway "A Shares" was noteworthy since it was, among other factors, occurring the first trading session after the Berkshire Annual Letter hit the news headlines all weekend with Warren Buffett's thoughts on markets and life. In addition, Berkshire's stock has...
27Feb11:31 amEST
Plenty of Coil in That Oil
In addition to natural gas starting off this week well we also have crude oil itself, below on the USO ETF daily chart, threatening to break well-defined resistance higher. You may have noticed gas prices creeping back higher at the pump, and that dovetails nicely with the energy commodities at-large showing signs go slowly waking up after a...
25Feb9:17 amEST
Weekend Overview and Analysis 02/25/24 {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...
22Feb11:19 amEST
Last Stand Hill
More jubilation from the AI crowd after NVDA's earnings report last night is seeing the semiconductors ramp higher this morning. NVDA itself is printing new highs, and a play like SMCI is all too happy to join in. Both NVDA and SMH are screaming back higher, punching up through their respective upper daily chart Bollinger Bands, indicative of...
20Feb12:08 pmEST
Packed with Broken Heroes on a Last Chance Power Drive
While I am not crazy about performing complex technical analysis on an instruments like the VIX (daily chart, below) since it is several steps removed from equities as derivatives, it is noteworthy that the "Fear Index" is attempting to break a long, sideways congestion zone higher again today. The low-to-mid teens has certainly been a...
18Feb10:59 amEST
Weekend Overview and Analysis 02/18/24 {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...
15Feb3:07 pmEST
Keeping it Actionable When the Action Goes Off the Rails
One would think rates would be knifing back under 4.2% today, given the continuing speculative mania in SMCI, for example, as the AI bubble rolls on. However, that is not the case: Rates are barely down. Furthermore, Jeff Bezos is unloading billions of AMZN and now Warren Buffett is selling some of his AAPL (mind you, Buffett prefers to hold...
14Feb12:20 pmEST
Too Many Kisses on Valentine's Day
Even though Apple has been relatively quiet of late, especially compared to the AI/chips as well as other "Magnificent 7" stocks, there is no getting around the fact that the firm still has a market cap of $2.82 trillion, as we speak. Hence, the sheer size and weightings in the various indices and ETFs render AAPL incredibly relevant at all...
13Feb12:33 pmEST
We're Just Sweeping Dirty Dishes Under the Rug
It almost seems as though the market, and indeed many pundits, are still reeling from hot CPI print this morning. In other words, I seriously doubt we have seen the full brunt of the fallout from the notion that inflation is back on the upswing. Hence, imminent rate cuts are almost assuredly off the table, even for this Fed. And that is...
12Feb12:40 pmEST
Smooth Seas Forever
“A smooth sea never made a skilled sailor." -Franklin D. Roosevelt In front of tomorrow morning's Consumer Price Index print we have stocks higher. In particular, the rotation attempt down to small caps is taking hold. Even the oil stocks are finally waking up a bit, mostly the oil services names in the OIH ETF (look at RIG) and the...
11Feb9:40 amEST
Weekend Overview and Analysis 02/11/24 {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...
07Feb1:34 pmEST
I Think I'll Just Stay Here and Drink
Long-term extended and expensive names, like COST ORLY and Visa, are pushing higher yet today as some of the heavier-weighted names in the Nasdaq, like META, also try to pick up the slack and drown out weakness in the small caps and biotechs again. The same dynamic, of an extremely narrow but historically resilient bull market melt-up, that we...
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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.
