Weekend Overview and Analysis 02/11/24 {Video}

22Feb11:19 amEST

Last Stand Hill

More jubilation from the AI crowd after NVDA's earnings report last night is seeing the semiconductors ramp higher this morning. NVDA itself is printing new highs, and a play like SMCI is all too happy to join in. Both NVDA and SMH are screaming back higher, punching up through their respective upper daily chart Bollinger Bands, indicative of...

21Feb10:14 amEST

I Aim to Kill You with It, Mmmhmm

CNBC was running a countdown clock graphic until NVIDIA earnings tonight, a guest on Bloomberg boasted that she advised clients to "sell puts" into the NVDA report as a low-risk strategy in case the stock goes down a bit, and various bulls on social media are one-upping each other in terms of their four digit price targets for the stock after...

20Feb12:08 pmEST

Packed with Broken Heroes on a Last Chance Power Drive

While I am not crazy about performing complex technical analysis on an instruments like the VIX (daily chart, below) since it is several steps removed from equities as derivatives, it is noteworthy that the "Fear Index" is attempting to break a long, sideways congestion zone higher again today. The low-to-mid teens has certainly been a...

18Feb10:59 amEST

Weekend Overview and Analysis 02/18/24 {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...

16Feb3:38 pmEST

Afternoon Update 02/16/24 {Video}

15Feb3:07 pmEST

Keeping it Actionable When the Action Goes Off the Rails

One would think rates would be knifing back under 4.2% today, given the continuing speculative mania in SMCI, for example, as the AI bubble rolls on. However, that is not the case: Rates are barely down. Furthermore, Jeff Bezos is unloading billions of AMZN and now Warren Buffett is selling some of his AAPL (mind you, Buffett prefers to hold...

14Feb12:20 pmEST

Too Many Kisses on Valentine's Day

Even though Apple has been relatively quiet of late, especially compared to the AI/chips as well as other "Magnificent 7" stocks, there is no getting around the fact that the firm still has a market cap of $2.82 trillion, as we speak. Hence, the sheer size and weightings in the various indices and ETFs render AAPL incredibly relevant at all...

13Feb12:33 pmEST

We're Just Sweeping Dirty Dishes Under the Rug

It almost seems as though the market, and indeed many pundits, are still reeling from hot CPI print this morning. In other words, I seriously doubt we have seen the full brunt of the fallout from the notion that inflation is back on the upswing. Hence, imminent rate cuts are almost assuredly off the table, even for this Fed. And that is...

12Feb12:40 pmEST

Smooth Seas Forever

“A smooth sea never made a skilled sailor." -Franklin D. Roosevelt In front of tomorrow morning's Consumer Price Index print we have stocks higher. In particular, the rotation attempt down to small caps is taking hold. Even the oil stocks are finally waking up a bit, mostly the oil services names in the OIH ETF (look at RIG) and the...

11Feb9:40 amEST

Weekend Overview and Analysis 02/11/24 {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...