Monthly Archives: July 2022

14Jul2:53 pmEST

Golden Apathy 07/14/22 {Video}

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14Jul11:16 amEST

Waiting for the Music to Stop

After appearing almost apologetic to taper and then tighten earlier during this inflationary cycle, Fed Chair Jay Powell now seems to be ramping up his rhetoric (and especially his leaks to The Fed's mouthpiece at The Wall Street Journal ) regarding a decidedly hawkish bias until further notice.  Just yesterday, it was leaked that The Fed may...

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13Jul11:00 amEST

A Rough Refueling

It still seems as though it would be a bit too easy for oil and gas to have topped out for this cycle, and I am not ruling out another run to new highs for both oil and gas prices. In fact, I am on the lookout for a resumption of the prior strength, as both crude and natty are strong this morning.  While the bounce in tech and bonds off the...

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12Jul3:38 pmEST

I'm Sorry I Ruined Your Peak Inflation Party

The trend is still up in rates this year, despite how many calls I am seeing for peak inflation already having hit and the inevitability of rates cratering back down.  Thus, headed into a CPI print tomorrow morning where it seems like folks have become far more concerned about a recession than higher rates, I almost feel contrarian in thinking...

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12Jul9:55 amEST

Suddenly a Hitter's BallPark for a Defensive Play

With a modest PE ratio, solid dividend, iconic assortment of brands, and now one of the best technical setups in the XLP ETF (consumer staples stocks) if not the entire market (daily chart, below), The Molson Coors Beverage Company (TAP) is an intriguing name with earnings not until the end of the month. You can see price threatening an upside...

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11Jul10:44 amEST

On the Straight and Narrow

One thing is for sure: This market has done an excellent job of keeping virtually all speculators on the straight and narrow and pretty much the opposite of brimming with the sort of cockiness we saw off the pandemic lows. No, gone are the days of constant rocket ship emoji and incessant talk about various crypto coins and growth stocks mooning...

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10Jul10:46 amEST

Weekend Overview and Analysis 07/10/22 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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.  Please click here  for more...

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08Jul11:03 amEST

The Next Play May Be an Absurd Gambit

This morning's upside reversal seems to have caught bears a bit more shell-shocked than some of the recent rallies we have seen. For starters, we had a barrage of bad news overnight, be it the Abe assassination (raising global tensions), TWTR GME UPST all shellacked, and then the strong jobs report this morning sending rates higher.  If bears...

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07Jul10:52 amEST

The Most Overlooked Headline of the Summer

Just yesterday, the European Parliament backed EU rules labeling investments in gas and nuclear power plants as climate-friendly. In other words, nuclear is becoming less stigmatized as the energy crisis in Europe reaches full throttle.  In my view, this makes for one of the most overlooked headlines in a summer chock full of them.  For the...

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06Jul10:12 amEST

Working with a Thin Margin of Error

Biotechs are still mostly working into a mixed tape this morning, as the market likely awaits the Fed Minutes at 2pm EST to gain insight into The Fed's thinking about looming rate hikes and the pace of them.  ARQT and IONS, respectively below on their updated daily timeframes, are two high quality charts we have been tracking closely with...

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