MarketChess

05Mar3:10 pmEST

Long and Variable Effects from Gas

As if most Americans did not have enough to worry about these days, the risk of a fast and furious spike in gasoline prices beyond what we have already seen is easily one of the biggest risks in the coming weeks from the Iran escalation.  First and foremost, this is not merely a knee-jerk headline chasing move in the energy pits, since we know...

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04Mar3:25 pmEST

A Good-Looking Broadcom

Broadcom (AVGO, below on the monthly chart, with the quirky ticker after a merger many years ago) reports tonight. The AI/semiconductor play gets overlooked at times solely with respect to being a major market leader since it does, after all, have a market cap north of $1.5 trillion as I write this. But it should be considered much more of a...

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03Mar2:43 pmEST

Did You Even Say Gamsahabnida?

The South Korean KOSPI Index has been red-hot this year, mostly due to favorable corporate governance reforms and, of course, monstrous AI-driven demand for chips like Samsung Electronics and SK Hynix.  Indeed, the EWY, country ETF for South Korea, surged roughly 40% in this early part of 2026 alone.  As you can see on the EWY weekly chart,...

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02Mar2:35 pmEST

Are We Sure Oil & Gas Are Fades?

"When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion." -Paul Tudor Jones The above quote by Paul Tudor Jones seems applicable to gasoline and oil, respectively below on their ETF monthly charts.  On the back of Trump's decision to...

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27Feb3:24 pmEST

Afternoon Update 02/27/26 {Video}

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26Feb1:38 pmEST

It's the Reaction

As Michael Burry notes above, a stock at the epicenter of a roaring bull market/melt-up (or, dare I say, bubble) can easily top out for no rhyme or reason well before earnings ever show the slowdown.  While bulls may understandably quibble with this logic, the reality is that markets often overshoot and then ruthlessly correct. In the case of a...

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25Feb12:58 pmEST

With a Kiss

The Nasdaq is leading a broad market rally today on the back of a cheerleading performance by President Trump in last night's lengthy State of the Union Address. There is also hope that a deal will soon be struck with Iran to avert a major escalation. And even NVIDIA is rallying nicely in front of its big earnings report tonight.  That said,...

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24Feb3:37 pmEST

I Saw the Sign for Base Metals

Another day where we are hearing tons of bloviating about the deflationary nature of AI and the disruptions to life as we know it.  But it is also another day where base metals and miners are rocking to the upside to virtually no fanfare. Specifically, copper and aluminum stocks are smoking hot. COPX is the copper miner ETF with a strong daily...

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23Feb12:56 pmEST

I Want My $50,000 Dow Dollars!

In between thinking about Pam Bondi recently paying homage  to Tatum O'Neal in Paper Moon (1973), we also have Trump's State of the Union Address coming up tomorrow evening. The President already gave out an expectation that he will give a "long speech," which could easily mean the east coast telecast will not conclude until well after...

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20Feb3:15 pmEST

Afternoon Update 02/20/26 {Video}

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