Don't Get High on Your Own Supply Chain Thesis

24Nov10:54 amEST

You Cut the Toikey Without Me?

You would never know it were a cheerful Thanksgiving week on Wall Street, judging by the price action in tech and growth stocks so far. If nothing else, the action should be a good lesson to traders who seem keen on using the "holiday rally" or, unbelievably, the "Santa Rally" as crutches. For context, the official Santa Rally timeframe begins...

23Nov3:37 pmEST

One Shot After the Next

Among commodities when viewed as an entire asset class of late, soft commodities continue to stand out for their more steady strength. While oil, natural gas, and various base and precious metals have all jerked around violently, the likes of coffee, wheat, cotton, beans, have all handled themselves impressively. DBA is the ETF for a basket of...

22Nov4:43 pmEST

Stock Market Recap 11/22/21 {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...

22Nov11:05 amEST

Jay Pow-Pow-Power Wheels Keeps on Printing

News of President Biden planning to nominate current Fed Chair Jay Powell to continue serving in that capacity apparently led to a further pop in equities this morning to kick off Thanksgiving week. While it is certainly true that Biden's other main candidate, Lael Brainard, is widely-seen as being much more dovish than even Powell, it is also...

21Nov9:35 amEST

Weekend Overview and Analysis 11/21/21 {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...

19Nov11:18 amEST

Ceremonial OpEx Session

We have the epitome of a mixed session on a Friday OpEx before Thanksgiving week. The (seemingly) benign, endless one-way melt-up in the Nasdaq and especially larger cap tech names, are the notably green, while small caps, energy, most Dow names, and biotechs are red. A green VIX the last few sessions would normally be a red flag for equites,...

18Nov3:35 pmEST

Don't Forget to Stop and Smell the Green Plains

With the indices sleepwalking into the closing bell of another session where morning dips were gobbled up in mega cap tech (but now necessarily in ARKK and smaller cap growth), it may be rather easy to overlook the fact that the XOP ETF flipped green, too. XOP is the ETF for energy exploration firms, some of the high beta issues in the energy...

18Nov11:37 amEST

Avoid a One Track Mind

Although many seem hell-bent to focus on crude oil when gauging both inflation and how "commodities are doing" at any given time, as we have profiled here and with Members there are plenty of other commodities which have fared better of late while crude and energy stocks consolidated/dipped. Soft commodities have been a focus for us, and for...

17Nov4:37 pmEST

Stock Market Recap 11/17/21 {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...

17Nov11:15 amEST

Don't Get High on Your Own Supply Chain Thesis

It was inevitable that we would see headlines cheering on supply chain issues beginning to abate, as we are starting to see this morning. However, to then draw the inference that supply chain improvement amounts to the end of this inflationary cycle is almost assuredly a blunder. Simply put, the inflationary pressures we are seeing transcend...