You're a Mean One, Mr. VIX

20Dec11:02 amEST

Brace Yourself for More of What the Bank of Japan Did

After decades of propping up zombie banks/corporations with ultra-easy monetary policies since the Nikkei bubble popped back in 1990, very few non-government entities now want to buy Japanese Government Bonds (JGBs), which I suspect was the motivation for the overnight news that the Bank of Japan (BoJ) is raising its cap on the 10-year JGB...

19Dec3:04 pmEST

I Talked to You, Right?

At the risk of sounding like Jimmy Conway , we have some red flags to buy stocks here, particularly growth stocks. In addition to the per se bearish price action, correlation like Junk Bonds in the JNK ETF, below on the daily chart, are indicating confirmation of a rollover from a multi-month bear market rally. The gap down, especially, is...

19Dec12:16 pmEST

A Proper Duel

While natural gas breaks support again, and energy stocks as a whole are mixed, crude oil is turning in a solid morning so far. In all likelihood what we have here is a duel between slowing global demand amid global economic slowing coupled with entrenched bullish supply issues which are not likely to abate anytime soon. This tug-of-war very...

18Dec10:02 amEST

Weekend Overview and Analysis 12/18/22 {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...

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...