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Showing articles 51 - 60 (5905 total)

27Jun3:15 pmEST

Perspective on a Rangebound Day

The major indices looked rangebound not long after the open this morning, and I remarked as much on the private Twitter feed with Members. As it stands now, this sort of action can be argued as proper digestion for bulls in light of the sharp rallying late last week. We have a few key events this week to wade through before we get to...

27Jun10:06 amEST

Even Good Ol' Boys Should Look at This China Play

If you are old enough, like me, to remember tickers like FUQI or RINO, among many, many, others, then you know the risks associated with trading China ADRs. There have been countless accounting frauds and, in essence, shell companies, to boot, although recently with The Fed ultra easy regime many of those were not uncovered the last few years. ...

26Jun11:36 amEST

Weekend Overview and Analysis 06/26/22 {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...

24Jun10:26 amEST

Roe v. Wade Overturned: Here's the Play

In a 5-4 decision, the Supreme Court has just overturned Roe v. Wade and ended the constitutional right to abortion. This clearly qualifies as international breaking news, although from a market perspective it seems like it is purely politically and socially-charged.  That said, as one of our Members astutely noted, there may be in a play here...

23Jun3:45 pmEST

Dating Only: Don't Get Attached to This Rally

Despite all of the wild intraday fades of late, including weakness in the futures overnight, bulls are putting up a formidable fight this week in the face of Powell's comments. With end of month, quarter, 4th of July, and a bit better seasonality all approaching rapidly, I view the outperformance from bios and ARKK as, perhaps, a sign that...

23Jun10:39 amEST

You Can't Stop What's Comin', That's Vanity

One phenomenon I have noticed of late has been market pundits bemoaning the lack of a true, washout capitulatory bottom. On CNBC, morning anchor Joe Kernan has been wondering aloud on a daily basis whether we need to see the VIX pop above 40 to get us close to a true bear market bottom. While it may seem like we will never get that...

22Jun3:54 pmEST

Markets Have a Sick Sense of Humor Sometimes

I am surprised to see how many market players and pundits are so quick to assume that just because the powers that be want lower oil and gas prices for the midterms that it will materialize so easily.  "They" talk about lower gas prices, but are we sure a federal gas tax holiday will suppress demand or actually stoke it by pulling it forward,...

22Jun10:48 amEST

I Simply Respect the Chemistry

Amid a plethora of reasons for the market to completely roll back over today, be it the dump in futures overnight, Powell talking about a fast rate hike pace going forward, fears of imminent recession, the proposed gas tax holiday backfiring, we have stocks now flashing green as I write this. True, there is a long way to go today and even this...

21Jun3:41 pmEST

Context for the Rest of the Week

ARKK, what with its abundance of growth stocks (namely bios) housed in Cathie Wood's flagship ETF, likely serves as the premier market tell for the rest of this week. With Fed Chair Powell's speech tomorrow and Thursday, bears will try to undo today's rally while bulls will bet on a continuation of the squeeze. The reason why ARKK is a good...

21Jun10:35 amEST

Attack and Retreat, Attack and Retreat

It appears we are still in the middle phase of the bear market, where many think the worst is over (this cycle, inflation and the dump in growth stocks) and it is easy to talk oneself into a major bear market bottom with the spike down and reversal in crypto over the long weekend. You may recall, however, that we saw similar "the worst is over"...

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