MarketChess

Showing articles 1 - 10 (6654 total)

30Jan1:04 pmEST

Catalysts Versus Excuses

When you see a high, tight bull flag, especially on a long-term timeframe like the GLD ETF (for gold metal) monthly chart, first below, uncoil higher with aggression it is almost assuredly a sign of extreme bullishness given the urgency of buyers to pounce on any and all long-term pauses. We have been highlighting this flag for a while now,...

29Jan10:47 amEST

Cutting? Seriously, Cutting?

At the risk of launching a Jim Mora rant , I will simply flag the DBA ETF (for a basket of soft commodities) weekly chart, second below, challenging ten-year highs from December 2024 here as softs stage a resurgence in early-2025.  The first graph, below, shows the top-weighted components of DBA--Ask yourself how significant each one of these...

27Jan2:04 pmEST

Fighting on the Frontier

While a fiery debate rages on about whether China's DeepSeek AI firm legitimately renders the epic rally in America's AI plays a bubble ripe to pop, or not, we are more focused on the technical developments reflected in the charts.  And when we see the updated charts for NVDA and many semiconductors it is clear that we buyers and sellers are...

24Jan3:18 pmEST

Afternoon Update 01/24/25 {Video}

23Jan3:27 pmEST

Don't Underestimate Japan

Lost in the shuffle of NFLX earnings and Trump's first few days in office for his second terms with endless headlines and sound bites is the Bank of Japan meeting this evening. Markets are actually almost fully pricing in a rate hike, the likes of which we have not seen since last summer when we saw a violent but ephemeral spike in the VIX as...

22Jan12:40 pmEST

This is Not the Golden Age of Flying

While Netflix's earnings surge understandably steals the show today, adding fuel to the Nasdaq, we have a glaring sell-the-news reaction to the quietly hot airline space taking place in United, after its own earnings last evening.  On the updated UAL daily chart, below, we can see the sharp green-to-red move, currently sporting a sizable red...

21Jan12:29 pmEST

Hedonistic Nihilism

Hedonism is the belief that pleasure is the most important thing in life, while nihilism is the belief that life has no meaning or value. A combination of the two is called hedonistic nihilism. Given the shenanigans of the meme coins ($TRUMP and $MELANIA coins, for example, not to mention the estimable $FART coin) over the long weekend now,...

17Jan3:20 pmEST

Afternoon Update 01/17/25 {Video}

16Jan3:51 pmEST

Satanic Black Magic Natural Gas

Natural gas bulls should knock on every piece of wood they see for the foreseeable future, as the commodity and its related equities stage impressive rallies which still seem to be overlooked by most.  I view these rallies as "lockouts," which I will discuss in more depth for Members this evening in my usual full video for them. For now, after...

15Jan2:11 pmEST

It's Pretty; It's So Pretty

The market is clearly focusing more on CPI coming in cooler than expectations this morning, conveniently ignoring the year over year increase in inflation over the last four months.  Or is it? While equities are surging, and the bond market is enjoying some relief as rates come down, gold, for example, is sporting an explosive-looking monthly...

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