Money Where My Mouth Is: Gold is Off to the Races

12May4:28 pmEST

Stock Market Recap 05/12/21 {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...

12May9:59 amEST

Gut Check Time

After a red hot inflation reading this morning we have various macro tourists out and about proclaiming this is all a big misunderstanding. I, myself, have harkened back to the Q2 2008 inflation head-fake which eventually help to exacerbate the deflationary crash later that year amid the global financial crisis. However, as one of my favorite...

11May3:50 pmEST

Stock Market Recap 05/11/21 {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...

11May10:19 amEST

Oasis No More

An early bounce attempt off a fairly large gap down across the board this morning is at risk of entirely rolling back over as we speak. In terms of analyzing the construction of the market, the most glaring change from previous instances during this multi-week bout of weakness in growth stocks (mostly housed in the QQQ and Nasdaq), is that the...

10May3:52 pmEST

Cathie Wood's $ARKK: Risk of Reflexivity

Into the bell, there are many topics to discuss tonight with Members in my full video recap. However, a main takeaway, of course, centers around the growth selloff. In particular, I would use extreme care in bottom-fishing ARKK and all of Cathie Wood's holdings here--ARKK is below its 200-day moving average (below, yellow line on daily chart)...

10May11:00 amEST

We Are All Probably Overlooking Platinum

A brutal open for tech, namely ARKK and TSLA, among many, many other high beta growth stocks, is clearly spoiling Monday morning for many traders. Materials and energy have select strength, alongside the continued melt-ups in banks and homebuilders which are helping the Dow and S&P stay either green or only slight down to mask the Nasdaq...

08May8:03 amEST

Asymmetrical Risk

Big, bad, $50 billion-plus market cap Newmont Corporation, a gold miner which has been unable to hold over the $70 handle since before the 1987 crash, is back up to the scene of prior crimes and threatening to overtake it again after dipping (more benignly, as you can see relative to prior times) since last summer. Does it look like it will...

07May10:42 amEST

Solar Should Be Good for a Tradable Bounce

After roughly a 60% (!) drawdown since January, I will take my chances with the domestic solar, Sunrun (below on its weekly chart) into next week for a sector relief rally. You are talking about a reversal candle in the works on this weekly chart directly at prior support since last summer. Th entire solar sector has pretty much been whacked....

06May3:25 pmEST

Avoid Tilt in a Tilting Market 05/06/21 {Video}

Enjoy the video, and enjoy your evening.

06May10:00 amEST

Money Where My Mouth Is: Gold is Off to the Races

Call me old-fashioned (and many do), but I believe that making a "big call" ought to be an exceedingly rare event in finance. Of course, in this day and age of social media and finance intersecting amid the 24/7 content/news barrage you often see big calls literally around the clock. And when everyone is constantly making big calls, it almost...