Enough with the Costco Hot Dog Worship, Already

26Jul11:06 amEST

Bitcoin and Gold: It's Not a Zero-Sum Game

The initially failed breakdown in Bitcoin below $30,000 has led to a multi-day squeeze back above it. As is often pertinent in market, from failed moves in one direction come aggressive moves in the other. And when it comes to crypto, we can expect such a volatile young asset class to respond with the requisite beta. However, even as crypto...

25Jul11:45 amEST

Weekend Overview and Analysis 07/25/21 {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...

23Jul10:49 amEST

Well I Guess There's Only One Thing Left to Do

Another "stick save" off the latest selloff on Monday has bulls increasingly galvanized that equities are not going lower anytime soon. Indeed, the mega cap tech monsters like FB GOOGL, coupled with AAPL MSFT resilience as trillion dollar market cap enterprises, with the SNAP TWTR earning rallies as the cherries on top are clearly at the heart...

22Jul11:16 amEST

Krispy Kreme: Terrible on The PE Diet, and the PE Ratio, But...

Here we look at the recent IPO, DNUT.

21Jul3:28 pmEST

No More Summer Blues

For the first time since early-June I am back to being long the gold complex for a trade. Given the U.S. Dollar's weakness today as many commodities rally, coupled with the GDX (ETF for gold miners, seen on daily chart, below) sporting a bullish RSI (bottom pane) divergence to price on the latest push down, the setup is there for the precious...

21Jul11:14 amEST

The Inflation Battle is Far from Over

Although Monday's broad market selloff in equities, which was accompanied by Treasuries rallying as rates plunged, saw a bevy of "I-Told-You-So's" from market players and pundits who remain unconvinced that inflation is anything other than a minor blip coming off a pandemic re-opening, it is interesting to note that some prominent commodities...

20Jul4:36 pmEST

Stock Market Recap 07/20/21 {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...

20Jul10:51 amEST

OK, Maybe it is the Summer of Coffee

After a stellar month of May, gold fell flat on its face in June. Although the yellow metal has tightened things up so far in July, I have not had a gold long on in my trading account in over a month at this point. In all likelihood, the rising Dollar combined with a host of other factors likely threw a wrench in any hope for gold to dominate...

19Jul4:38 pmEST

Stock Market Recap 07/19/21 {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...

19Jul10:51 amEST

Enough with the Costco Hot Dog Worship, Already

Although I used the opening thrust lower in equities to take off a volatility long and get off a levered bearish QQQ ETF, I am far from convinced that today represents a buyable dip. Overall, the market has done a masterful, indeed epic, job of instilling a Pavlovian response in market players over the years that any scary (and also the...