Who is the Real P.I.?

16Dec1:47 pmEST

Ho-Ho-Ho-Hold Up!

Consider this a friendly reminder that the official Santa Rally time period (yes, it is a real thing on Wall Street) consists of the last five trading days of the current calendar year and spills over into the first two sessions of the new year. Clearly, we are not there yet. So, despite how many are throwing around the phrase, "Santa Rally,"...

15Dec11:31 amEST

More Like a Noir

Even during overall bear markets, the month of December can often feature typical holiday cheer like a Hallmark movie this time of year. Thus far in 2022 that is certainly not the case. Since the big rally back on November 30th the price action across most markets is some of the most tedious action I can recall, especially for this time of...

14Dec4:28 pmEST

Stock Market Recap 12/14/22 {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...

14Dec10:41 amEST

Take Your Fed Day Breakfast with a Grain of Salt

Ahead of the FOMC at 2pm EST today, followed by a Chair Powell presser, it is likely correct to take virtual all of the action across all markets with a grain of salt since we know how quickly the worm can turn on Fed Days (then again, one can argue in this modern monetary regime that they are all "Fed Days"). The consensus is that the Fed...

13Dec5:19 pmEST

Stock Market Recap 12/13/22 {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...

13Dec10:56 amEST

You're a Mean One, Mr. VIX

Stocks are fading well off their morning highs for on the back of a cool CPI print pre-market. To be sure, we have a ton of event risk yet to be negotiated this week, namely with the FOMC tomorrow afternoon. That said, in light of the VIX popping yesterday alongside the rally in stocks, and now dumping out today, it reminds us of the...

12Dec3:46 pmEST

I'm Not Someone Who Complains About Christmas Music

This time of year, it becomes a badge of honor for some folks to complain about the ubiquitous Christmas/holiday music everywhere you go. Not I, however. Believe me, there will be plenty of dark, quiet, holiday-less days coming in January and February, even parts of March, where you will yearn for the energy of the holiday season. In the...

12Dec11:17 amEST

Global Miners to Oil: Am I Lying?

The overall strength in global materials non-precious miners in recent weeks, such as BHP PKX RIO VALE, among others, stands in stark contrast and has been conveniently overlooked to the crude oil weakness. In essence, oil bears want to have their cake and eat it too--Claiming weak oil and an imminent deep economic recession while ignoring the...

11Dec7:53 amEST

Weekend Overview and Analysis 12/11/22 {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...

09Dec10:56 amEST

Who is the Real P.I.?

Despite a hotter than expected PPI (Producer Price Index) print this morning, stocks are mostly muted in their response thus far on a December Friday. Crude oil is still trying to bounce off its prior September lows, and the S&P 500 is trying to hold back above 3950 as we speak. As we have been noting with Members it is highly likely that the...