Wanna Talk to The Fed? Call 1-800-GOT-JUNK

12Jan10:56 amEST

These Woods is for Livin'

And these markets is for tradin'. A pep talk like the one Richard Harrow received in the woods may be in order for some, as the market is functioning like a classic trader's market for now, buying the hot CPI number but then fading the opening pop as we speak. The main takeaway for me is that we are entering both the heart of earnings...

11Jan4:23 pmEST

Stock Market Recap 01/11/22 {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...

11Jan11:06 amEST

The Next Battlefield Maneuver

Should commodities stage a new leg higher within a reasonable period of time, the refinery stocks continue to look undervalued and under-appreciated. Names like CVI PSX and VLO have already run up sharply over the last ten sessions or so, and I would not be chasing them here before a brief consolidation. However, the likes of Holly, below on...

10Jan4:48 pmEST

Stock Market Recap 01/10/22 {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...

10Jan10:24 amEST

You're Trying to Tame an Entirely Different Beast

As America transitions from four decades of supply side economics to a new world of demand side economics, at least two generations of Wall Street players are sure to be fighting yesterday's battles to little avail. In other words, the "Greenspan" boys and girls who came of age (like I did) with the likes of Fed Chairs Greenspan and Bernanke,...

09Jan9:40 amEST

Weekend Overview and Analysis 01/09/22 {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...

07Jan10:29 amEST

Back to the Well One Too Many Times

Shares of GameStop, easily one of (if not the) poster children for the sort of liquidity bonanza The Fed created since March 2020, popped hard last evening after the bell on news the firm plans to create a marketplace for non-fungible tokens, or NFTs. As you know, NFTs have become the chic phrase du jour related to crypto. And the GME fanatics...

06Jan3:28 pmEST

Sneaky, in Camouflage

Recently, but not today, we have seen the pattern of a notably weak Nasdaq and growth stocks while the Dow was strong. The old timers would say that the Dow was lying in this setup, to allow for the big money to distribute or unload shares of growth titles to the unwitting retail players who assumed that the market was A-OK because...

06Jan10:52 amEST

Sloshing Around

Mixed early action virtually across the board is leaving many traders discombobulated as to whether the selling in growth stocks has truly abated. To my eye, there remains a distinct state of denial with respect to the Fed tightening already set in motion. Many simply refuse to accept that The Fed will actually hike rates and reduce their...

05Jan3:24 pmEST

Wanna Talk to The Fed? Call 1-800-GOT-JUNK

As more folks begin to flee the sinking ship known as the "RMS Transitory," especially after this afternoon's Fed Minutes revealed how hawkish things are beginning to appear, it is worth returning to the junk bond market which we discussed last week on New Year's Eve. Recall that in the wake of the March 2020 pandemic, The Fed actually bought...