Not So Happy on Columbus Day

18Oct10:52 amEST

It's Been a Long Cold War

The first chart, below, is the monthly timeframe of Frontline Ltd., the world's fourth largest oil tanker shipping company. As you can see, the stock has, overall, been dead money for nearly ten full years at this point. Much of that coincides with oil itself alternating between cyclical rallies within the context of a secular or long-term bear...

17Oct10:43 amEST

Weekend Overview and Analysis 10/17/21 {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...

15Oct12:56 pmEST

People Used to Ask Each Other for Gas Money

The 1970s were essentially fifty years ago at this point, which means that the phenomenon of gas lines as well as the inflation at-large of that era are lost on most today. In fact, the monster hiding under the bed for a few decades now has been the de flationary bust scenario, more than anything else. As a minor, seemingly trivial bit of...

14Oct2:13 pmEST

In Massachusetts They Shoot from the Lip; In Tennessee from the Hip

From a business standpoint, seeing Smith & Wesson Brands, Inc. (SWBI, below on its daily chart) relocated its headquarters from Massachusetts to Tennessee, is almost assuredly a positive development for one of the nation's oldest and most recognizable firearms manufacturers. Technically, the stock has been tightly basing along its 200-day...

14Oct10:47 amEST

End The Fed? First, They Will Squeeze The Fed

As various Fed heads begrudgingly accept the notion that inflation may not be nearly as transitory as they have been publicly stating, the next step in this process is that markets likely "squeeze" The Fed into eventually raising rates much, much, sooner than they want to (and many would argue they never want to raise rates again, anyway)....

13Oct4:19 pmEST

Stock Market Recap 10/13/21 {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...

13Oct10:25 amEST

Time for the Other CPI: The Chess Price Index

The frozen seafood (mostly shellfish) packet, below, is a product I have found particularly convenient over the last year or so--High quality protein without added oils, heats up quickly, and tastes good considering it has been frozen. Each packet has cost $3.99 at my local grocery story for as long as I can remember...until two weeks ago when...

12Oct4:27 pmEST

Stock Market Recap 10/12/21 {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...

12Oct10:19 amEST

I Trust You'll Stay Onatopp of This Market

It may be just over twenty-five years old, but GoldenEye (1995) still feels like one of the better recent Bond films (or maybe I am just getting old). With that in mind, the scene below seems applicable to the current market, chopping and swinging around in a range or, in the case of the small caps in IWM, an endless, tedious range for...

11Oct3:53 pmEST

Not So Happy on Columbus Day

Quick note into the bell here about the bond market being closed for Columbus Day. With growth stocks, in many spots, getting hit as rates rose of late, the lack of bounce in names like AMZN and FB today seems to be a bit odd. You can see AMZN quietly struggling below its 200-day moving average (below, yellow line) into the bell today, and FB...