We've Got Ourselves Some Twin Peaks

27Aug9:22 amEST

Weekend Overview and Analysis 08/27/23 {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...

25Aug11:22 amEST

We'll Be Slugging it Out in Japan This Weekend

Slugging it out in Jackson Hole, more precisely. With Powell having spoke this morning, and ECB President Christine Lagarde speaking later today out in Wyoming, do not sleep on new Bank of Japan Governor Kazuo Ueda's remarks tomorrow. Granted, it is on a Saturday. However, the weakness in the Japanese Yen currency continues to be a theme, and...

24Aug10:36 amEST

More Like Jenga Huang

In spite of the NVDA euphoria last evening, we have the Nasdaq struggling this morning at the 50-day moving average (dark blue line and arrow, below, on the Nasdaq daily chart), an area we highlighted yesterday. Should bulls fail here, especially into Jackson Hole, it opens the door perfectly for a new leg down with trapped longs. As for...

23Aug1:13 pmEST

Silver and Miners, Long Time No Speak

In a safety deposit box at a bank not far from where I live I have a chunk of Chinese Gold Panda coins from various years in the 1980s as part of my physical precious metals holdings. Naturally, I am looking for gold to skyrocket in price over the long-term as entrenched inflation takes its toll, eventually, on the Dollar, and investors,...

22Aug1:40 pmEST

It's Still Early in the New Value Trap Era

-Value traps are investments that are trading at such low levels and present as buying opportunities for investors but are actually misleading. -For a value trap, the low price is often accompanied by extended periods of low multiples as well. -A value trap is often a poor investment: the low price and low multiples mean the company is...

21Aug12:12 pmEST

I am Just the Messenger

Do you know which stocks and sectors are not buying the bunch of baloney that NVDA and TSLA re trying to tell you today? Regional banks and REITs mostly. But also China stocks (again), and small caps in general as rates on the 10-Year Note challenge their prior October 2022 highs. In a rather pathetic (in the true sense of the word, pathos)...

20Aug9:00 amEST

Weekend Overview and Analysis 08/20/23 {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...

18Aug2:26 pmEST

Too Many Blokes Looking to Buy

You may have noticed even fairly hardcore bears expect a bounce right here, as the natural inclination after quarters of constant melt-ups and snapback rallies can certainly distort expectations for a more normalized market. However, my overall bearish view remains intact and I see no reason to become infatuated with possible very near-term...

17Aug1:26 pmEST

Consider Where the Real Pain Is

Just take a step back and consider, objectively, how many seasoned Wall Street veterans are bullish on bonds for any number of reasons. First and foremost, there are those who believe an imminent credit event is upon us, and therefore there will be a scramble into Treasuries as The Fed inevitably cuts rates to cope with the crisis. Others see...

16Aug11:49 amEST

We've Got Ourselves Some Twin Peaks

The much ballyhooed "July breakout" in stocks saw one of the most ostentatious displays of arrogance, hubris, and outright obnoxious behavior I can recall from bulls since early-2021. But even back then, early-2021 was much more about pressing for one more good "YOLO" trade as opposed to last month where the rallying cry centered around...