03Jun3:11 pmEST

Waiting to Exhale

Netflix has not tested its 20-day moving average (a fairly short-term reference point) since mid-April. The QQQ has not since tested its own 20-day since April 23rd. And momentum darlings like HOOD are still chugging higher today.  That said, a retail favorite like HIMS is staging a notable downside reversal off a big opening move higher,...

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02Jun1:16 pmEST

Silver Shambala

One would almost need to be a Buddhist monk in the kingdom of Shambala  to fully appreciate just how out of favor precious metals and miners have been, overall, with both retail and institutions for years on end despite every macro reason to be bullish.  Alas, we must deal with the market here in the real word. And even though gold has been...

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30May3:20 pmEST

Afternoon Update 05/30/25 {Video}

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29May2:28 pmEST

Trade War Heretic

Last evening's fast and furious spike in the futures had bears bellowing about just how impossible and pointless it was to short this market, which seemingly finds any and all reasons to reverse back higher into even the slightest of dips.  Indeed, the combination of NVDA up after earnings and then the headline that a U.S. trade court ruled...

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28May3:15 pmEST

It's Taco Wednesday!

As I suspected, and have discussed both here and with Members, we are starting to see some pushback against the President for his constant reversals on trade policies. In fact, Trump himself was questioned about it today  by a reporter in the Oval Office .  Specifically, "TACO" has become the acronym du jour, standing for, "Trump Always...

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27May11:48 amEST

Trumpy Bear Gets a Squeeze

The seemingly endless headline-driven pops and drops related to tariffs and trade wars continue today, as the President announced on Sunday evening that he would be delaying his EU 50% tariffs for about five and a half weeks from the original June 1st target date. At some point, and it may already be slowly starting to happen, the market will...

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23May3:12 pmEST

Afternoon Update 05/23/25 {Video}

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22May12:48 pmEST

A Sector Full of Sinners

A value trap is a stock or other investment that appears attractively priced because it has been trading at low valuation metrics, such as price to earnings (P/E), price to cash flow (P/CF), or price to book value (P/B) for an extended period. A value trap persuades investors because the trade appears inexpensive relative to historical...

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21May3:02 pmEST

One of Us! One of Us!

As much as I may feel like a freak or outcast over the last many years worrying about a bond market crash, I have maintained my conviction all along in the long-term view. Specifically, a bond market crash would be at the epicenter of the next bear market in equities and, indeed, the next big crisis at-large. The Fed, Congress, and several...

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20May2:11 pmEST

Cutting it High and Tight

We have another slow-moving, mixed tape today as the holiday weekend approaches. Bearish seasonal forces are beginning to emerge, likely competing against the constant retail buying spree into any and all micro dips. The news flow is not disastrous, but it does not seem to inspire a sustained move higher either. Hence, the grinding action. ...

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