A Different View of a Popular Destination

14Feb3:50 pmEST

Love Means Never Having to Say You're Sorry for Buying Gold

Although it has generally been tough sledding for gold bugs since 2012 or so, gold bears have not had such an easy time since early-2016. The net result has been tons of fake-outs in both directions, with gold, silver, and their derivative miners seemingly shaking as many traders off of them as possible before the eventual directional break,...

14Feb2:16 pmEST

Inflation, You Say? Lets Go Back to the Future

Back in the first half of 2008 we had a major inflation scare, too. During that time, recall we saw commodities spiking virtually across the board, with oil rising up to $150 per barrel, for example. In fact, the inflation trade became so apparent we had ominous-looking covers on the front of famous financial publications decrying that the...

14Feb10:38 amEST

Suspension of Disbelief

While the hot inflation numbers this morning in the form of the Consumer Price Index report stole the headlines, it is also worth noting that retail sales unexpectedly dropped in January, the biggest setback in nearly a full year. This type of data initially brings out the various calls for 1970s-style "stagflation," although back then we had...

13Feb3:49 pmEST

Stock Market Recap 02/13/18 {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...

13Feb3:43 pmEST

Canada Goose was Loose

But now it is tightening up. Canada Goose, a retail standout winner in an improving sector in recent months, sold off aggressively last week. A knee-jerk reaction may very well to caste the name aside indefinitely, favoring earnings winners instead. However, this may very well prove to be a buyable dip for GOOS, which had valiantly held onto...

13Feb1:36 pmEST

Slow and Steady Wins the Race or Saves Face

The IWM, ETF for the small cap stocks housed in the Russell 2000 Index, has essentially been fighting all day today to reclaim yesterday's close of $148.16. As you can see on the intraday chart, below, we have one of the slowest sessions in February, thus far, with most indices sporting choppy, constricted ranges since the opening bell dip and...

13Feb10:50 amEST

The Fox Guarding the Yenhouse

It is often said that during market corrections and times of uncertainty, correlations run more closely together and thus carry more weight. To invert that idea, consider how easy it is to try to call a top during a benign bull run higher based on some negatively diverging correlation or indicator, often to little or no avail. But when the...

12Feb3:55 pmEST

Stock Market Recap 02/12/18 {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...

12Feb1:50 pmEST

The Dow is 420 Friendly Nowadays

The early weakness in the small caps is now looking like a trap to lure in overzealous shorts with an itchy trigger finger, the indices quickly regrouped and are now surging into the heart of the afternoon session. While I did not rush in and short this morning, I have been extra selective in terms of adding back long exposure. My reasoning...

12Feb10:34 amEST

A Different View of a Popular Destination

More than anything else, the supposed new era of markets where computers front-run the "old ways" of traders doing things has ingrained a certain behavior into market players which sees them assuming that any slight undercut of a well-defined, prior support area must be a great buying opportunity. This idea fits neatly alongside the notion of...