Monthly Archives: December 2022

Showing articles 1 - 10 (31 total)

30Dec12:32 pmEST

Another Year in the Books; Be Proud

While those chock full of insecurities, hubris, and cheap braggadocio will constantly try to remind you that they are always winning big, the reality is that the seasoned speculator understands and respects just how challenging it can be to merely survive year-in, year-out in this business. Believe me when I tell you that I have some seem of...

29Dec11:27 amEST

There's Always Hope

As we wind down the final two sessions of 2022, bulls are finding some reason for hope in what has otherwise been a dreadful December. Stocks are squeezing on typical low volume for this holiday week, with the lowly oversold Nasdaq up about 2.4% as I write this.  The rally may have some legs into the long New Year's weekend, especially...

27Dec1:20 pmEST

An Ominous Sign for Winter

Stock bulls may be learning the timeless lesson insofar as being careful what they wish for.  On the back of China announcing various reopening measures the main reaction has come with another spike higher in rates despite stock index futures popping last evening off the long holiday weekend. True, the Dow is higher as I write this, but growth...

23Dec10:29 amEST

Inflation's Flame is Receding, But Not How You Think

REMINDER: Market Chess Subscription Services prices are going up after New Year's Eve . However, if you join before the calendar flips to 2023 you will be grandfathered in to current, low prices. PLEASE CLICK HERE  to join now before the price hike.  ___________________________ After this morning's PCE data points, which is The...

22Dec11:09 amEST

A Slow Developing Bear But Dangerous Nonetheless

Some bear markets, like 2008, feature an angry, rabid bear prowling the campgrounds for food and ravaging anyone and anything in its way, even some things and people not in its way.  Other bears, like 2000-2002, the 1970s, and perhaps this bear, are more slowly developing, with a cute little baby bear at first stealing some Peppermint Pattys...

21Dec11:12 amEST

Looking Sideways at Santa Claus

Bulls are feeling their oats this morning as they believe they are correctly front-running the iconic "Santa Rally" on Wall Street, which technically begins in duration next Monday and spills over into the first two trading days of 2023. Nike and FDX both rallying sharply after earnings looks to be helping their cause, as is the S&P 500 Index...

20Dec4:23 pmEST

Stock Market Recap 12/20/22 {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...

20Dec11:02 amEST

Brace Yourself for More of What the Bank of Japan Did

After decades of propping up zombie banks/corporations with ultra-easy monetary policies since the Nikkei bubble popped back in 1990, very few non-government entities now want to buy Japanese Government Bonds (JGBs), which I suspect was the motivation for the overnight news that the Bank of Japan  (BoJ) is raising its cap on the 10-year JGB...

19Dec3:04 pmEST

I Talked to You, Right?

At the risk of sounding like Jimmy Conway , we have some red flags to buy stocks here, particularly growth stocks.  In addition to the per se bearish price action, correlation like Junk Bonds in the JNK ETF, below on the daily chart, are indicating confirmation of a rollover from a multi-month bear market rally.  The gap down, especially, is...

19Dec12:16 pmEST

A Proper Duel

While natural gas breaks support again, and energy stocks as a whole are mixed, crude oil is turning in a solid morning so far. In all likelihood what we have here is a duel between slowing global demand amid global economic slowing coupled with entrenched bullish supply issues which are not likely to abate anytime soon. This tug-of-war very...

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