We're Done When Inflation Says We're Done

24Jan3:24 pmEST

Big Blue as a Big Tell

Before we get to MSFT, then TSLA, and then AAPL earnings later this week, I want to draw your attention to old, stodgy, IBM, or "Big Blue" as it used to be known around Wall Street, which reports earnings tonight after the closing bell. At this point in the stock and firm's life cycle, IBM is not a flashy growth stock. On the updated quarterly...

24Jan10:13 amEST

Rallies Jump Up to Get Beat Down

I covered up some more shorts into this morning's weakness, as discussed in my full strategy video yesterday (available for everyone this week, please see prior blog post). However, with the market filling to hold the overnight bounce in the futures, followed by this morning's minor attempts so far, we are still at risk of a crash. Mind you, I...

23Jan10:31 amEST

Special Edition: Full-Length Weekend Strategy Session 01/23/22 {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...

21Jan10:22 amEST

Here's the Punchline: Tesla Hasn't Even Corrected Yet

Although it seems like the market is going down every day and simply must stop soon enough, leading to a spectacular short squeeze higher, the punchline may very well be that the likes of AAPL and TSLA, the latter below on its updated daily chart, are still nowhere close to testing their respective 200-day simple moving averages (yellow line on...

20Jan4:42 pmEST

Stock Market Recap 01/20/22 {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...

20Jan10:10 amEST

Back to Sniper Mode...for Now

With ARKK up by nearly 5% off the open as I write this and a broad market fade scenario now, perhaps, a bit too obvious to actually happen, I took the opportunity with my SOXS long (the triple-bear semiconductor ETF) actually green earlier to lock in a gain there with Members. I also closed out a HD Short which I had held for a while, and took...

19Jan4:33 pmEST

Stock Market Recap 01/19/22 {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...

19Jan10:24 amEST

Peek Your Head Over Your Peak Inflation Thesis

The slightest dip in rates in this morning, with TLT up a touch, led to a broad market bounce off the open. In and of itself, considering the context of monetary policy, macro, recent market action, this seems like evidence per se that correlations are running tightly which we often see in an ongoing corrective market. Thus, as IWM flips red...

18Jan3:23 pmEST

Vigilantes Waking Up

Several weeks back, just before New Year's Eve, I wrote a blog post here noting what I perceived as the single most important chart for 2022 and beyond. Without regurgitating everything I said in that post (please go back and read it for reference), I thought it would be worthwhile to revisit it several weeks into the new year and after our...

18Jan10:12 amEST

We're Done When Inflation Says We're Done

Watching various financial news programs over the long weekend spilling over into this morning, alongside the usual scan of social media, there sure seems to be a strong consensus that we have seen the worst of inflation and that we can expect it to moderate going forward. While that peachy forecast sounds great for all of us who purchase...