MarketChess

24Sep1:58 pmEST

Everyone Who Wanted to Sell Oil By Now, Already Has

One of the more instructive aspects about observing long-term timeframes is to gain clarity. Specifically, in the case of oil we have the ETF, on the first quarterly chart, below, sporting the "bull killer" pattern of a crash more than ten years ago followed by the last ten years of, overall, tedious sideways action. In other words, since the...

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23Sep3:19 pmEST

Head Games Galore

The nature of a market melt-up is that classic bearish reversal signals are routinely ignored and even openly mocked. After all, if "stocks only go up because 'they' won't let them drop," is the prevailing mantra then what good is it to assign any significance, whatsoever, to textbook potential reversal candlesticks or patterns?  Simply put,...

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22Sep3:05 pmEST

Let Them Eat Punches to the Face

If the plan after April's pivot by the Treasury Secretary (recall, "It is Main Street's turn now," which lasted about as long as a blink of the eye) and White House Administration at-large was to goose virtually all assets at the expense of the overwhelming majority of Americans' cost of living, then so far so good--Just today we have another...

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19Sep3:06 pmEST

Afternoon Update 09/19/25 {Video}

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18Sep11:25 amEST

A Rare Triple Lindy

On news of the NVIDIA $5 billion stake and partnership with Intel we have semiconductors shooting higher, leading the tape this morning after yesterday's FOMC rate cut.  The SMH, sector ETF for chips, is now very overbought (clearly above its upper Bollinger Band) on the monthly, quarterly, and yearly charts, all respectively below. To see...

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16Sep2:18 pmEST

Welcome Back

It seems fitting that APA Corporation (below on the daily chart), the holding company for energy exploration firm, Apache, is leading both the XLE and XOP oil stock ETFs higher today amid a strong session for crude oil and gasoline. After all, APA is one of the cheapest stocks by valuation in the entire market at this point, completely out of...

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15Sep2:33 pmEST

Not All Overboughts Are Created Equal

Both precious miners (See: GDX ETF daily chart, first below) and the Nasdaq are higher again, as both are pushing the boundaries of near-term overbought conditions.  However, that is where the comparisons mostly end.  Even though precious miners have been on a tear for nearly six weeks now they still remain woefully undervalued. They are also...

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12Sep3:09 pmEST

Afternoon Update 09/12/25 {Video}

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10Sep3:42 pmEST

Hiding in the Shadows

It is not just the likes of Chipotle, Starbucks, or Lululemon weakening on a daily basis in retail/consumer space these days, as those names could--and have, by equity and macro bulls--easily be dismissed for brand maturity and losing market share to newcomers.  Instead, we are taking about titans of industry, Costco and Visa, respectively...

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09Sep12:46 pmEST

Fear Does Not Exist in This Doji

A doji is a single candlestick pattern in which the open and close prices of the security or market are the same or very close to it. ( Investopedia ) U.S. Job growth was revised down by a whopping 911,000 through March of this year, indicative of erroneous views by many about a robust goldilocks economy in recent quarters. Mind you, this...

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