Price No Longer Has Inspirations; Only Memories

22Jul11:16 amEST

Krispy Kreme: Terrible on The PE Diet, and the PE Ratio, But...

Here we look at the recent IPO, DNUT.

21Jul3:28 pmEST

No More Summer Blues

For the first time since early-June I am back to being long the gold complex for a trade. Given the U.S. Dollar's weakness today as many commodities rally, coupled with the GDX (ETF for gold miners, seen on daily chart, below) sporting a bullish RSI (bottom pane) divergence to price on the latest push down, the setup is there for the precious...

21Jul11:14 amEST

The Inflation Battle is Far from Over

Although Monday's broad market selloff in equities, which was accompanied by Treasuries rallying as rates plunged, saw a bevy of "I-Told-You-So's" from market players and pundits who remain unconvinced that inflation is anything other than a minor blip coming off a pandemic re-opening, it is interesting to note that some prominent commodities...

20Jul4:36 pmEST

Stock Market Recap 07/20/21 {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...

20Jul10:51 amEST

OK, Maybe it is the Summer of Coffee

After a stellar month of May, gold fell flat on its face in June. Although the yellow metal has tightened things up so far in July, I have not had a gold long on in my trading account in over a month at this point. In all likelihood, the rising Dollar combined with a host of other factors likely threw a wrench in any hope for gold to dominate...

19Jul4:38 pmEST

Stock Market Recap 07/19/21 {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...

19Jul10:51 amEST

Enough with the Costco Hot Dog Worship, Already

Although I used the opening thrust lower in equities to take off a volatility long and get off a levered bearish QQQ ETF, I am far from convinced that today represents a buyable dip. Overall, the market has done a masterful, indeed epic, job of instilling a Pavlovian response in market players over the years that any scary (and also the...

18Jul1:36 pmEST

Special Edition: Full-Length Weekend Strategy Session 07/18/21 {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...

16Jul11:00 amEST

This Market Just Wants to Slap a Gap

News of the biotech and vaccine maker Moderna being added to the S&P 500 Index, sending shares up nearly 9% as I write this, is helping keep QQQ afloat (MRNA is in the QQQ ETF, too) despite a green-to-red opening reversal. "FANG" stocks, plus TSLA, are in the red. And probably the main things keeping the indices for staging a meaningful leg...

15Jul12:53 pmEST

Price No Longer Has Inspirations; Only Memories

With small and mid-cap stocks (the latter, on the MDY ETF daily chart, below) sloshing around in summer ranges and weak again today there is an even bigger premium for bulls being placed on how well the Dow, titans like AAPL and the QQQ can hold up. Although QQQ is one of the weaker parts of the market so far today, bears are likely going to...