It's an Industrial Story

15Nov10:57 amEST

Ship It!

Shippers like DRYS and EGLE are screaming higher again today. Much like the solars, though, it is tough to trust rallies in the shippers given their propensity to sell-off often much more viciously than their ephemeral rallies. Nonetheless, it is worth keeping tabs on some plays ancillary to the shipping industry. Golar LNG, for example,...

14Nov3:51 pmEST

Stock Market Recap 11/14/16 {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...

14Nov3:50 pmEST

Let's Take Our Cues from Coffee

Even if you have no interest in trading, let alone tracking, the coffee commodity, the ETN, below on the daily timeframe, illustrates what bulls want to see in many equity sectors which have broken out. Specifically, banks, steels, small caps, and other hot sectors like some retail plays became short-term very hot, not unlike coffee did last...

14Nov1:28 pmEST

Trouble for the Married-to-a-Thesis Crowd

Markets have done a good job of punishing those traders who tend to stay stubborn in the face of evidence presented which is contrary to their convictions. Case in point: The idea that stocks would swoon and gold would surge if Trump pulled the upset last week has been battered and bruised. True, the "FANG" names in the Nasdaq have come under...

14Nov10:47 amEST

Let's See Which Bears Defy Gravity

Seeing as the UUP, ETF for the U.S. Dollar currency versus a basket of major global currencies, is surging today on massive buy volume, it is worth revisiting the long-term chart for perspective. On the monthly UUP timeframe, below, note the distinct possibility now of a meaningful upside breakout for the greenback. Combined with Treasuries...

13Nov3:10 pmEST

Special Edition: Full-Length Weekend Strategy Session 11/13/16 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of other...

12Nov5:22 pmEST

Saturday Night at Market Chess Cinemas

The Downtown Austin Patch had a great piece last week. Below are just a few snippets ( full article here ): What is the difference between Memorial Day and Veterans Day? People often confuse the two remembrances, both reserved to honor military personnel but with some nuances between the two. The Department of Veterans Affairs clarifies the...

11Nov10:52 amEST

The Aftermath for Gold and Gold Miners

Considering the ferocious rally in copper this week, one would think gold and its derivative miners could have fared better or at least held the line. Heck, even FCX, a rather visible copper miner which has been on a tear, has exposure to gold. Instead, the gold complex was properly punished each step of the way after an initial...

10Nov3:44 pmEST

Stock Market Recap 11/10/16 {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...

10Nov3:42 pmEST

It's an Industrial Story

It may seem odd for the "inflation trade" of higher rates, higher copper and global materials miners surging all the while gold and precious miners are taking it on the chin. However, the way to make sense of that price action may be seen in the silver market. With GDX and GDXJ, senior and junior gold miner ETFs, respectively, down roughly 7%...