Weekend Overview and Analysis 08/20/23 {Video}

30Aug3:11 pmEST

Something's Gotta Give

Over the last two years Okta, which reports this evening and is shown on the monthly chart, below, has beaten both top and bottom line estimates 100% (!) of the time. Although I have always thought that earnings are the epitome of a roulette wheel gamble, insofar as the immediate reaction, I suspect something has got to give, as LeAnn Rimes...

29Aug2:45 pmEST

Dog Day Rally

Some weak labor market data this morning , via The Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department, was enough to send rates down and stocks up. And that move is persisting well into the afternoon as I write this. As you might imagine, I view this move as wishful thinking on both counts. Not only is this data...

28Aug2:42 pmEST

Legs for Days During NVIDIA's August

With just over three sessions left before the month of August concludes on Wall Street, NVIDIA's monthly candlestick (arrow, below on monthly chart) is shaping up to close with a "long-legged doji." Courtesy of Investopedia.com , here are some important points about long-legged dojis: Thus, as the last point notes, no guarantees. But then...

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...