MEMEorial Week of Trading Before Memorial Day Weekend

04Jun11:26 amEST

Just Say the Word, Oh, SPAC-SPAC-SPACicide

News that Bill Ackman's SPAC, Pershing Square Tontine Holdings (PSTH), is considering buying 10% of Universal Music Group from Vivendi (the French media conglomerate) which values the music company at around $42 billion, getting the Bronx cheer from the market today. As I write this, PSTH is down more than 13% on the session and, more...

03Jun4:16 pmEST

Stock Market Recap 06/03/21 {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...

03Jun11:17 amEST

Plan for the Rest of Today

The bounce we are seeing after a weak open seems almost too predictable and easy at this point. But, then again, after the repeat squeezes in the likes of AMC GME many times over since January, this market has taught us that sometimes being too predictable and too easy is almost unpredictable and difficult in and of itself. As AMC BBBY GME cool...

02Jun4:27 pmEST

Stock Market Recap 06/02/21 {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...

02Jun11:10 amEST

Don't Get Addicted to Johnny Cakes...or Growth Stocks

There currently exists a certain cognitive dissonance in markets at the moment, particularly when it comes to richly valued growth stocks which have rewarded bulls handsomely for years on end amid a ZIRP, NIRP, TINA environment. All of those acronyms led to the biggest of acronyms, FANG, surpassing several trillion in market cap alongside AAPL...

01Jun3:07 pmEST

Commodity Stocks Are Rallying to Incredibly Muted Sentiment

Tempting as it may be to join the chorus of throwing cold water on all things inflation, it is worth noting that even an inflationary "head-fake" can last a few innings longer than most expect before the "party" ends. Thus, as commodity-related stocks shine again today in many corners of the market, especially oil, uranium, tankers, steels,...

01Jun10:26 amEST

They Usually Ride the Wave

Just as the most recent energy bear market, beginning roughly in late-2014 and essentially lasting for the rest of the decade, adversely affected maritime transportation stocks relating to oil tankers and the shipping of crude oil, liquefied natural gas and liquefied petroleum gas, so too can a bull market see the tanker suddenly come to life. ...

31May12:41 pmEST

Memorial Day Tribute

Whereas Veterans Day in November recognizes all who have served in the Armed Forces, this Memorial Day holiday honors those who have died serving in the military, giving the ultimate sacrifice for country. The very least I can do, as someone with a platform and voice on social media, is to use it to pay my tribute. Hailing from my home...

27May11:01 amEST

You're Thinking Too Much, Meat!

It is pretty remarkable to see the seasonal pattern unfolding into the end of May here, as the somber, patriotic Memorial Day holiday awaits us. Courtesy of EquityClock.com, the graph below illustrates the seasonal pattern on average for the S&P 500 Index over the past twenty years. As small caps notably outperform again this morning with the...

26May11:50 amEST

MEMEorial Week of Trading Before Memorial Day Weekend

Sure, why not? Let's have another meme stock fest like we did over the winter, what whittle holiday approaching and volume running low. After all, it is tough to short a boring tape. And bears who were pining for crypto volatility to drag down equities may have trapped themselves this week. Having said that, the market is not exactly running...