Be Careful What You Wish For

31Aug3:22 pmEST

Truly a Sight to Behold

I am mostly sitting out of the never-ending Nasdaq party we are witnessing. Although by now I am sure you have heard plenty of bubble talk and comparisons to 2000, the quarterly chart of the QQQ (which is the ETF for the NDX, or the index of the top-100 market cap weighed stocks in the Nasdaq Composite), below, illustrates the size and scope of...

31Aug10:40 amEST

Land of the Something Sun

News of Warren Buffett investing about $6 billion into five Japanese trading firms is an interesting development considering his recent sales in U.S. airlines and banks. Indeed, after several seemingly lost decades since an epic bubble from 1986 to 1991 (for both stock prices and real estate) burst, it has been tough to discern whether the sun...

29Aug8:32 amEST

Apple and Tesla Stock Split Analysis 08/29/20 {Video}

With marquee market leaders AAPL and TSLA set to effect their respective stock splits into September next week, it is instructive to examine the purpose and history of stock splits, especially for Apple. We do just that in the following video to gain insight into where both stocks may be headed next.

28Aug11:25 amEST

Changing Course At Sea

A few weeks back we played a quick short (via a log TBT ETF) of the chart, below, which is the TLT ETF for Treasury prices. This chart moves inversely to rates, meaning as the chart sells off, rates move higher. Seeing as Fed Chair Powell has been trying to talk up a more lax approach from The Fed regarding inflation, it is not too shocking to...

27Aug6:20 pmEST

Stock Market Recap 08/27/20 {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...

27Aug11:53 amEST

VIX Up, Dollar Up...Stocks Up

After Fed Chair Powell delivered an underwhelming soliloquy at the virtual Jackson Hole symposium regarding inflation perspective this morning, stocks are pretty much resuming their daily melt higher in the Nasdaq, led by TSLA today, albeit with spotty action below surface. And, just as significantly, negative divergences such as the VIX green...

26Aug3:50 pmEST

Jackson Hole 2020: Hold the Scenery, Keep the Drama

The bar is set remarkably high for Fed Chair Powell tomorrow morning, as a virtual version of The Fed's annual Jackson Hole, Wyoming, get-together will be live-streamed just before the opening bell. The expectations are for a ground-breaking inflationary pivot by The Fed, which is something we will discuss in my full market recap for Members...

26Aug11:34 amEST

Dog Days of Wall Street for Non-Celebrities

Down in the Philadelphia area there is a sarcastic colloquialism of the streets, "must be nice," often said to someone enjoying a particularly obvious run of good luck or just peace and prosperity in life, in general. Thus, when we see the likes of CRM up over 25% as I write this while FB and NFLX are up 5% and 7%, respectively, the rest of...

25Aug4:30 pmEST

Stock Market Recap 08/25/20 {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...

25Aug11:21 amEST

Be Careful What You Wish For

News of Salesforce.com, which reports earnings tonight, replacing Exxon Mobil in the Dow Jones Industrial Average (alongside AMGN HON replacing PFE RTX) seems like an awfully brazen move in light of the multi-quarter explosion in tech we have seen, heretofore. In addition, XOM has been a long-time poster child for the underwhelming action in...