Weekend Overview and Analysis 07/30/23 {Video}

09Aug11:28 amEST

I Wasn't Joking About the South Sea Bubble

I have been doing this for a long time now; Writing about markets in full public view on a daily basis for nearly fifteen years. So when I pen a piece like I did here on July 31st of this year, comparing the long-term parabolic charts of AAPL NVDA to the Dutch Tulip Mania, the South Sea Bubble, John Law and the Mississippi Stock Bubble, and...

08Aug11:07 amEST

We're Moving to a Higher Plane

Dare I say, the era of low volatility is over. With volatility sellers as cocky as I have ever seen them, to dovetail mega cap tech bulls, the stage is set for a nasty volatility unwind higher. To be sure, this entire process has taken much longer than I ever anticipated. However, nothing has changed the underlying picture which is why I...

07Aug2:10 pmEST

Natty Gas: Maybe the Nine Millionth Time Will Be the Charm

Anyone who has traded natural gas over the years, be it the commodity futures contract themselves or the various ETFs, knows how uniquely tricky it can be insofar as various head-fakes and traps. However, with the energy complex catching a strong bid during the middle portion of this summer, namely crude and gasoline futures, it is certainly...

06Aug10:53 amEST

Weekend Overview and Analysis 08/06/23 {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...

04Aug2:28 pmEST

Fitch's Get Stitches

While it may be tempting to praise the credit ratings agency, Fitch Ratings, for its recent downgrade of U.S. debt as being an admirable display of courage and integrity, I am willing to bet they had plenty of other reasons for making the move, too. Fitch, of course, got publicity from it. They also cement a ton of of ye-olde "covering one's...

03Aug1:27 pmEST

Bond Bulls Have it Wrong

The sheer duration and size of the consolidation Treasuries have been operating in, since last autumn when equities bottomed, almost assuredly means that when the inevitable directional break comes from said consolidation it will take many by surprise and oftentimes be far more violent in nature than most expect--Paul Tudor Jones has famous...

02Aug11:47 amEST

Son of a Fitch Downgrade!

You can tell just how spoiled and irresponsible our politicians have become by their visceral whining to the Fitch downgrade of U.S. debt last evening after the bell. But perhaps even more of a travesty was the sheer amount of pearl-clutching by various economists and market pundits who immediately slammed the ratings agency for the timing of...

01Aug2:50 pmEST

Summertime Blues for the Lag

We have High Yield Corporate and Junk Bonds (HYG, JNK ETFs, respectively) gapping down hard from a cluster of recent sideways candlesticks denoting a possible bearish reversal down. Meanwhile, both rates and the U.S. Dollar are on the move higher, with rates on the 10-Year Note suddenly coming close to that key 4.1% level we have been noting...

31Jul10:36 amEST

We All Have it Coming, Kid

AAPL and NVDA multi-year charts, first below, versus the Mississippi Stock Bubble, the Dutch Tulip Mania, South Sea Bubble, and RCA stock from the Roaring Twenties into the Great Depression. I recognize there are plenty of reasons circulating as to why this time is different and not a bubble. However, I can assure you with a modicum of...

30Jul11:58 amEST

Weekend Overview and Analysis 07/30/23 {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...