Monthly Archives: September 2022

Showing articles 1 - 10 (32 total)

30Sep10:45 amEST

Gold Set to Star in Q4?

In the following video we analyze recent developments with gold and precious miners. 

29Sep5:16 pmEST

Stock Market Recap 09/29/22 {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...

29Sep11:29 amEST

Fighting the Demons

While the Bank of England's actions yesterday morning are not repetitive of 2008, per se, in terms of Bear Stearns, then Fannie Mae/Freddie Mac, followed by the great fall of Lehman Bothers, it does indeed rhyme with 2008. In other words, my view is that we are not only headed into a deep, consumer-led recession with corporate profits...

28Sep3:18 pmEST

Smoke Break: Locked in Hard-Fought Gains

As much as I love a good fight I am not in the mood to disrespect the market's upside reaction to the negative AAPL news overnight and then, of course, the Bank of England QE news this morning.  Given the market finally responded more forcefully to oversold conditions than recent sessions, and especially in the face of bad news, I am taking...

28Sep10:19 amEST

Covered Some Apple But We're Not Out of the Woods

I took advantage of the AAPL news overnight about plunging demand to trim part of a short position I have held with Members since a $165 entry. However, the larger point for me is that the Bank of England's action this morning smacks of desperation and genuine panic on the part of a major central bank.  In my view, we are still in the fairly...

27Sep12:12 pmEST

You Sure About That, Chief?

In my usual Morning Prep Video for Members pre-market, we looked at the 30-minute chart of the QQQ, updated below intraday.  Into the pre-market spike in the futures both the QQQ and SPY were up against recent resistance dating back to last week (which broke as support).  And into the teeth of the opening squeeze higher, TLT was clearly...

26Sep3:23 pmEST

Picture It: Wall Street, 1937

Unlike some other folks I do not pretend to know every micro move of the market--Calling every little single top and bottom, sometimes intraday, and then going radio silent when said call does not pan out. Instead, you get me here every day working through markets in real-time with real money.  Thus, we would be remiss not to point out the 1937...

26Sep10:52 amEST

The Rally Everyone Sees Coming

While I admit I did take some partial profits in shorts this morning off the opening bell I am reticent to embrace the idea that an imminent, strong rally is materializing.  True, you can point to some mildly oversold metrics coupled with elevated put/call ratios. But, as we hav noted with Members, bear markets have different thresholds for...

25Sep9:59 amEST

Weekend Overview and Analysis 09/25/22 {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...

23Sep9:58 amEST

We Need More Fear, Dear

You may have noticed the very same folks who hold themselves out to the world as being superior to "Twitter Furus" or the like are now thoroughly succumbing to the very thing they criticized--Trying to either "nail" every single tick in a random (near-term) bear market or, in hindsight, sell a story where they are so hedged that they "win" in...

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