Mind the Gates

25Feb3:44 pmEST

Show a Little Respect

In the 1990s, Democratic political adviser James Carville said: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.” ( source ). The younger generation of market players likely...

25Feb11:14 amEST

Would You Please Pass the Jelly?

With the yield on the 10-Year Note currently competing with the average dividend yield of the S&P 500, non-extended consumer staple names like KHC MO PM seem to be more attractive by the day. In addition, Smucker, below on its monthly chart coiled as can be, is another attractive staple yielding more than 3% who just beat earnings and raised...

24Feb10:31 amEST

Tina Shopped at Costco Quite a Bit the Last Ten Years

Although we typically think of names like the "FANG" leading stocks, plus AAPL MSFT TSLA, among others, when it comes to the "TINA" acronym (which stands for There Is No Alternative {to stocks}), Costco certainly falls under that umbrella, too. With a rich valuation and an abnormally-steep multi-year rally, seen below on the updated quarterly...

23Feb4:57 pmEST

Stock Market Recap 02/23/21 {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...

23Feb11:00 amEST

Meet Your New Friends

For some of you, they will be the same as your old ones. As the country awaits the next round of stimulus checks, or "stimmy" checks, the issue is whether we see another bout of speculative fervor with them like we saw with GameStop and a few other names several weeks back. Of course, and it seems like an eternity ago, but the first stimulus...

22Feb4:31 pmEST

Stock Market Recap 02/22/21 {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...

22Feb10:04 amEST

Get in, Sugar: We're Squeezing America Back

On the back of this morning's Bitcoin/Nasdaq led gap lower, it is hard not to notice that the WallStreetBets plays are green and threatening to turn back higher after several weeks of unwinding the gamma squeeze which morphed into international news overnight and spawned a Congressional hearing last week. Specifically, AMC and GME are popping...

21Feb8:55 amEST

Weekend Overview and Analysis 02/21/21 {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...

19Feb12:28 pmEST

Navigate Those Icy Waters

It is hard to fathom that the QQQ is flipping red as I write this even as the small caps and semis surge roughly 2.5% today. Then again, this market has been featuring some icy waters for a while now apropos of the type of February much of the country has seen in terms of the weather. Thus, on a dreary, OPEX Friday let us keep things simple...

18Feb3:35 pmEST

Mind the Gates

Headed into a reasonably busy late-earnings season lineup tonight with ROKU front and center (not to mention Janet Yellen on CNBC's "Closing Bell"), equities are bouncing well off session lows just like they were yesterday around this time. The knee-jerk reaction is, of course, to dismiss this dip as another laughable attempt by bears to bring...