Putting Out Fires

30Nov11:25 amEST

Waiting for Powell

This afternoon at 1:30 pm EST the Brookings Institution, Fed Chair Jay Powell is expected to deliver a speech which will be his final public remarks before the next FOMC in mid-December. Given the indecisive nature of markets in recents weeks after previously rallying off the mid-October lows it sure seems like Mr. Powell's comments today may...

29Nov4:33 pmEST

Stock Market Recap 11/29/22 {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...

29Nov10:29 amEST

Parabéns on Your Trip to Brazil

I bet you did not know that Brazil-based Gerdau (GGB, below on its updated daily chart) is the largest producer of long steel in all of the Americas. Despite the political changing winds and turmoil in Brazil, complete with omnipresent risks, GGB has been one of the better acting charts in the entire steel sector for a good while now. Its...

28Nov4:50 pmEST

Stock Market Recap 11/28/22 {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...

28Nov11:17 amEST

Little Red Open

Protests in China over the weekend regarding more COVID restrictions seems to have spooked most equities and commodities this morning, as the post-Thanksgiving hangover is magnified all the more. In sum, we have a tug-of-war between bearish macro headlines versus bullish seasonals and, in some cases, bullish technicals. As frustrating as the...

27Nov8:47 amEST

Weekend Overview and Analysis 11/27/22 {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...

25Nov10:29 amEST

Propeller Plane Trading Session

Probably the worst flight I ever experienced was over twenty years ago on a ninety minute propeller plane ride in Italy from Rome to Florence into the teeth of a rainstorm. Because of the short flight time we of course flew at a lower altitude and thus the plane got bumped around to no end with some (apparent) somersaults to boot. Needless to...

23Nov1:59 pmEST

Got Brine on My Mind

Brining, a method used centuries ago to preserve food (mainly meats) from harmful bacteria growth, becomes all the more relevant these days for Thanksgiving not for hygienic reasons but rather as a way to tenderize the tough, lean meat of the bird. Some spices, vinegars, even a little booze, among other goodies, all help to ensure that your...

22Nov11:28 amEST

Price is What You Pay; Value is What You Get

As a protracted bear market continues to unfold you will eventually see the pundits on financial news television pivot (wink, wink) from steadfast bullish predictions into blasting markets for being irrational and thus creating compelling "values" across the board. Let us take two recent earnings reporters this week as example. Zoom Video,...

21Nov3:10 pmEST

Putting Out Fires

Saudi Arabia came out and denied the earlier reports of an OPEC supply boost, and now we have crude rallying back to flat on the session after a massive gap down this morning. As we noted on Twitter, the USO ETF (for crude oil itself) had gapped entirely below its lower daily chart Bollinger Band, a rare circumstance indeed which is indicative...