Monthly Archives: March 2024

06Mar11:19 amEST

A Profile in Cowardice

It is fascinating to see that, despite the plethora of seemingly hawkish comments by Chair Powell this morning in front of Congress, Bloomberg ran a YouTube clip soundbite  with the title, "Fed Chair Powell: Likely Appropriate to Cut Rates This Year." Even though Powell's "likely appropriate" comment on rate cuts came before and after a...

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05Mar12:29 pmEST

Bring on the Passive Aggressive Types

The main reason why textbook bearish head and shoulders topping patterns tend to work so well at ushering in new bear markets and are quite obvious (in hindsight!) is, ironically, that they have failed numerous times on the way up during the bull run. And in this liquidity-driven bonanza since 2009 and especially since the pandemic that...

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04Mar11:14 amEST

More Dignified Action

Amid plenty of other issues in markets and the world, it is quite easy to overlook the recent strength in natural gas after a prolonged period where natty bulls displayed unrivaled ineptitude.  On the UNG ETF daily chart, updated below, the gap up today is a sizable one. And over the last few weeks we have seen some tangible evidence of at...

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03Mar8:34 amEST

Weekend Overview and Analysis 03/03/24 {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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01Mar2:18 pmEST

Here's What the Powers That Be Don't Want to See 03/01/24 {Video}

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