Mid-Caps Are So...Mid

09Apr8:58 amEST

Weekend Overview and Analysis 04/09/23 {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...

06Apr2:42 pmEST

How About That Natty Gas?

Enjoy your long holiday weekend!

05Apr11:41 amEST

The ARKK is Taking on Water

I am still short ARKK via a long SARK play. And as you can see below on the updated daily chart Cathie Wood's growth stock buffet is at risk of support trend and the key $38 level. Given the Nasdaq rally in Q1, the ARKK weakness is all the more concerning to the bull case. Going forward, I continue to look for another meaningful leg down in...

04Apr9:26 amEST

No Rate Cuts Without Calamity

After the spike up in crude oil so far this week, let us also remember that winter is behind us and summer driving season ahead. UGA, the ETF for gasoline futures, has been quietly flagging on the monthly timeframe, seen below. If this flag uncoils higher say, above $70, as we see gas prices rise nationwide I have a hard time seeing even this...

03Apr10:51 amEST

Oil Up, Tesla Down; New Quarter of Attack

"Get up. Dust off. Reload. Re-calibrate. Re-engage – And go out on the attack.” – Jocko Willink Just in time for the new month and quarter (funny how that works), OPEC+ meaningfully slashes oil output to send crude prices higher. Oil services names like RIG, which started off 2023 red hot before cooling off amid the tech rally, are back at it...

02Apr10:07 amEST

Weekend Overview and Analysis 04/02/23 {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...

31Mar11:44 amEST

Don't Let the Door Hit You on the Way Out, Q1

I, for one, am thrilled at the prospect of the calendar flipping to April and the second quarter of trading kicking off next week. Q1 for 2023 featured, after an initial squeeze to kick off the new year, endless head-fakes, whipsaws, range probing and the like. Headed into this year with Members, my view was that January into even mid-February...

30Mar12:10 pmEST

Sugar Coated Rally Mountains

The great sugar bull market continues, as illustrated by the thinly-traded SGG ETN monthly chart pruning fresh highs, below. With sugar on a tear it is tough to see inflation collapsing anytime soon, especially given the ubiquity of sugar in the modern American lifestyle. But as we wind down the first quarter of trading that has not yet...

29Mar10:41 amEST

Another Round

Amid higher rates we have stocks showing an appetite to gobble up just about anything, including some alarmingly negative commentary out of Micron last evening. Of course, with MU up 6% as I write this, not to mention LULU surging higher after earnings, bulls are feeling their oats again and calling for an imminent melt-up. As we have noted,...

28Mar12:22 pmEST

Mid-Caps Are So...Mid

via UrbanDictionary.com mid Used to insult or degrade an opposing opinion, labeling it as average or poor quality. "We waited on that album for 6 months but it was mid!" Mid-cap is the term given to companies with a market cap (capitalization)—or market value—between $2 billion and $10 billion. They are housed in the oft-overlooked...