MarketChess

14Oct3:14 pmEST

People of Walmart Becomes Robots of Walmart

One of the hallmarks of the dot-com bubble over twenty-five years ago was seeing companies added ".com" to their names (or, perhaps, adding "e" prefixes to the name). These announcements would typically lead to an instant spike in share prices, as the firms would signal, however superficially, that they were now part of the "in" group of hot...

Read More

13Oct2:31 pmEST

Long Live the SS Gairsoppa!

Despite (or, perhaps, because of) how many were adamant that gold had topped out last week we have the precious metals and miners extending higher yet again today alongside the reflex rally in equities. This sort of price action make it excruciatingly difficult to establish new long positions in the precious metals and miners, as the likes of...

Read More

10Oct3:17 pmEST

Afternoon Update 10/10/25 {Video}

Read More

09Oct10:15 amEST

Bubble for Thee but Not for Me

To state the obvious, precious metals and miners have now become grossly overbought and extended in the short-term. In a uniquely rich development we have folks who have been tech/AI bulls declaring how absurdly overbought gold is and how ripe it is for either a crash or major top from here.  While I certainly agree, as noted with Members, that...

Read More

07Oct3:11 pmEST

Is That the End?

Without question this market has to rank as one of the all-time epic melt-ups in the Nasdaq, especially considering the economic backdrop and geopolitical tensions, not to mention monetary and fiscal blunders.  Still, the party has rolled on, with many of the main characters/CEOs in the AI story having been at the epicenter of the dot-com...

Read More

06Oct3:13 pmEST

It's Still Lock and Roll to Me

You might have looked at the daily charts for both GLD (ETF for gold) and SMH (ETF for semiconductors) and arrived at the conclusion that they bear an uncanny resemblance to each other. After all, they both have enjoyed a steep multi-month uptrend and are gapping up aggressively today, the former on happenings in Japan and the latter off the...

Read More

03Oct3:10 pmEST

Afternoon Update 10/03/25 {Video}

Read More

02Oct3:15 pmEST

The Sprouts Test

By now it is becoming increasingly ubiquitous to acknowledge that the economy is of the "K-shaped" variety, which basically means the rich get richer while just about everyone flounders, fighting hard to stay on top of bills, expensive, survival. We have profiled, both here and with Members, the destruction of prominent consumer names being...

Read More

01Oct3:09 pmEST

Let the Winter Pass in October

"Sometimes it is best to lie low, to do nothing but let the winter pass." -Robert Greene Despite how lousy crude oil itself has been, particularly when it comes to sustaining upside moves, quite a few oil stocks and related names to the oil space (e.g. tankers, discussed with Members) are acting quite well. Exhibit A would be APA (Apache)...

Read More

30Sep3:18 pmEST

Cereal Gamblers and Serial Gamblers

Prediction platform Kalshi (not to be confused with the "healthy" cereal Kashi) is sending shock waves throughout the online gambling world today, apparently having a bigger-than-expected chunk of market share in sports betting during the all-important football season. We know Kalshi does well in those states where it is, of course, legal, like...

Read More