Showing articles 1 - 10 (6357 total)

08Dec11:15 amEST

The Great Mispricing

I have not added back to my bond short (via long TBT, a bearish ETF derived from TLT as a way to bet on higher rates), just yet. However, I am chomping at the bit to do so, as TBT was easily my largest position by size for most of 2023 up until a little over a month ago when I sold most of it.  That said, the chasm between the market pricing in...

07Dec1:24 pmEST

Things Are Happening in Brazil

We know China has displayed terrible price action of late, as seen on the FXI country ETF on the second daily chart, below. Indeed, YANG (a levered BEAR ETF) has been a Watchlist trade idea for Members in the service for a while. Obviously, China is oversold now. But the fact remains the weakness has been persistent, even if we see an oversold...

06Dec3:07 pmEST

They're Handcuffed; We're Not

Even as equities mostly revert to the flat-line, we are seeing some potent moves in the bond and oil markets of late.  While the macro experts proclaim the rally in Treasuries and the selloff in oil as being evidence per se of The Fed having achieved the elusive "soft landing," I beg to differ.  In fact, headed into 2024 my sense is that these...

05Dec1:14 pmEST

The Big Picture is Still There

We have some slow-drip type of price action taking place in the early segment of holiday trading, as the indices flounder and commodities are correcting while the Dollar and Treasuries rise.  On that note, I am still biding my time before adding back to a short in Treasuries (and thus a bet on higher rates, which was my biggest position by size...

04Dec12:54 pmEST

Genco Grows Up to Be a Strong Man

Just when everyone forgot about the baby shippers, heres comes Genco Shipping, GNK, (and Eagle Bulk Shipping, EGLE), surging above their respective 200-day simple moving averages (yellow line on daily GNK chart, below).  What we want to see now is a few days of consolidation, starting with today's dip, which does not breach the 200-day below....

03Dec11:24 amEST

Weekend Overview and Analysis 12/03/23 {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...

01Dec12:56 pmEST

Coal and Other Goodies in Your Stocking

Coal, uranium, and of course the precious metals and miners on the move...

30Nov12:08 pmEST

Don't You Hurt My Precious!

Recall that we are talking about more than three years of sideways-to-down price action in the entire precious mining complex, be it gold, silver, and their derivative miners.  Hence, when we see the sort of strength in the group that we have of late it is only natural to expect yet another trip to heartbreak city. Of course, those who trade...

29Nov9:54 amEST

Holiday Season Buyback Panacea for General Motors

A panacea for GM...or so it seems. Shares of downtrodden General Motors are rocket-shipping more than 10% off the open, as the firm announced a $10 billion buyback, boosted its dividend, and reinstated 2023 guidance after the UAW strikes.  While it sure seems like this is the silver bullet for a lowly stock, I beg to differ.  On the zoomed-out...

28Nov2:12 pmEST

List of Top Ten Holdings in GDX ETF

This seems highly relevant given the strong action of late and especially today in the senior gold miner ETF, GDX.   Courtesy of  GOLD US Barrick Gold Corp 8.73 BBG000BB07P9 66,503,128 Stock 1,101,956,831 -- AEM US Agnico Eagle Mines Ltd 7.54 BBG000DLVDK3 18,728,747 Stock 951,233,060 -- FNV US Franco-Nevada Corp 6.72...

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