Still the Most Important Long-Term Chart

13Nov3:10 pmEST

Special Edition: Full-Length Weekend Strategy Session 11/13/16 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of other...

12Nov5:22 pmEST

Saturday Night at Market Chess Cinemas

The Downtown Austin Patch had a great piece last week. Below are just a few snippets ( full article here ): What is the difference between Memorial Day and Veterans Day? People often confuse the two remembrances, both reserved to honor military personnel but with some nuances between the two. The Department of Veterans Affairs clarifies the...

11Nov10:52 amEST

The Aftermath for Gold and Gold Miners

Considering the ferocious rally in copper this week, one would think gold and its derivative miners could have fared better or at least held the line. Heck, even FCX, a rather visible copper miner which has been on a tear, has exposure to gold. Instead, the gold complex was properly punished each step of the way after an initial...

10Nov3:44 pmEST

Stock Market Recap 11/10/16 {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...

10Nov3:42 pmEST

It's an Industrial Story

It may seem odd for the "inflation trade" of higher rates, higher copper and global materials miners surging all the while gold and precious miners are taking it on the chin. However, the way to make sense of that price action may be seen in the silver market. With GDX and GDXJ, senior and junior gold miner ETFs, respectively, down roughly 7%...

10Nov1:36 pmEST

Bezos Goes the Way of Pesos

The theme of this week across many markets has been rotation. And while the temptation may be to assign a political reason for all of the moves, in reality the price action in the bond market (which was already on this trajectory long before Trump's victory) may carry more significance than politics. In other words, the true battle going...

10Nov10:12 amEST

Taxation Without Carbonation!

In addition to the sudden headwind of higher rates and an unwinding of the "yield-seeking safety trade," one of our Members noted the major soft drink beverage firms are also looking at a flurry of Soda Taxes passed around America on Election Day. Several weeks back, we noted that the daily charts for TLT (Treasuries) and XLP (consumer staples...

09Nov3:51 pmEST

Stock Market Recap 11/09/16 {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...

09Nov3:49 pmEST

Back to Russia

It has surely been an exhilarating eighteen hour or so for markets, with plenty of market players merely trying to process some of the most violent price swings imaginable is a short period of time. Regarding equities, it appeared to be a day of rotation. "FANG" stocks are mostly red, while biotechs received strong inflows. Banks and the rates'...

09Nov1:27 pmEST

Still the Most Important Long-Term Chart

Although there are plenty of headlines covering up the price action in the bond market, it should not be lost on us that Treasuries are acting more and more as though they have arrived at a meaningful inflection point. Not only has TLT failed to sustain a bounce from recent oversold conditions, but the accompanying rate-sensitive sectors in...