Yearly Archives: 2019

28Aug10:46 amEST

Invert, Always Invert

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”  -Charlie Munger All of this talk regarding the inverted yield curve certainly has me conjuring up the old Charlie Munger quote, above, although I recognize he was not referring to the bond market at all.  Still, "inversion" is the hot topic do jour again...

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27Aug4:00 pmEST

Don't Sleep on Silver Miners {Video}

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27Aug10:18 amEST

Safe to Leave the Coast or Not

As tempting as it may be to buy into this morning's rally in equities, the nagging strength in Treasuries is giving us pause. On the TLT daily chart, updated below, note the potential for a fresh breakout here from the highlighted high and tight base consolidation after the prior rally earlier this month which coincided with some violently...

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26Aug1:00 pmEST

Midday Analysis 08/26/19 {Video}

The following video is an example of the daily, intraday videos I present to Members of the Market Chess Subscription Services . Please click here for more details about joining the service to add value to your process as a trader. I hope you enjoy the video.

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23Aug3:25 pmEST

The Enemy of My Enemy is No Trend

Although we make a concerted effort inside Market Chess Subscription Services to be apolitical in our approach to markets, it is hard to ignore the dynamics of the trade war in play. Clearly, there is at least some sensitivity in this rangebound, late-summer tape to President Trump's strident tweets regarding China and The Fed. Mind you, I am...

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22Aug11:27 amEST

A Teton Market Range

It may seem like the indices are chopping around in ranges as wide as, well, Teton Range out in Wyoming, which is exactly where various Fedheads are gathered right now to enjoy their annual end-of-summer meeting.  As we speak, the jaw-boning is likely causing some early jitters, as tech stocks came out of the gate in a lethargic manner and...

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21Aug3:35 pmEST

Zig for Apple Card; Zag for PagSeguro

While the Apple Card understandably gets plenty of attention regarding large firms seeking to enter the general payments arena to establish their own ecosystem, if you will, we ought not overlook plays like PagSeguro out of Brazil.  PAGS spiked up after earnings late-last week and has been flagging nicely ever since, as seen on its updated...

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21Aug10:46 amEST

This Old House, No More

Between TREX (outdoor decking) and now Restoration Hardware, below on its updated daily chart, it sure seems like the market is signaling that it is infatuated with the idea of housing undergoing a revamping phase this cycle.  On the RH chart, now how well the stock has acted since Memorial Day, with a smooth uptrend remaining unperturbed even...

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20Aug10:56 amEST

Avoid Self-Inflicted Traps

The market is challenging enough, as is, without us being our own worst enemies and leading ourselves into traps like the brutal one shown above.  Thus, we want to avoid overthinking and extrapolating too much when it comes to growth stocks which have held up very well this summer.  Case in point: COUP GH TTD, a software, healthcare, and...

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19Aug3:44 pmEST

Sweet Tastes in a Bitter August

Despite the rally today, August has thus far been not been very kind to bulls, especially looking at a daily chart of, say, the IWM (small caps). However, the sweet taste of relative strength in the likes of biotech INCY and fast/casual chicken wing joint WING, respectively below, still ought to count for something serious. Indeed, disregarding...

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