Sorting Through Winter Battles

28Jan10:20 amEST

Weekend Overview and Analysis 01/28/24 {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...

26Jan12:16 pmEST

All of a Sudden, Intel Matters Again

We are seeing the first real chink in the armor for the red-hot semiconductors today, as Intel and KLAC lead the selloff lower. Next week will see a ton of monster leaders reporting earnings, headlined by AAPL the same day as the FOMC on Wednesday. So, you can be sure tons of event risk is ahead of us. Of course, given this market's recent...

25Jan1:51 pmEST

Tesla's Last Seduction

Shares of Tesla are down more than 12% as I write this. It truly is a sign of the times of what type of market beast we are dealing with when no one is surprised at all that the indices are green, even if off the morning highs. It was not too long ago when a move like this in TSLA would have clear broad ramifications, if only for a few days....

24Jan10:45 amEST

They Don't Ring Bells

"No one rings a bell to announce the top or the bottom of a market." -Old Wall Street Axiom Despite large cap chip maker Texas Instruments down after earnings, perhaps no better sign of the continued euphoria in the winning tech plays is seeing the SMH sector ETF up another 2.6% as I write this, completely blowing off the TXN...

23Jan11:58 amEST

Robotic Stock for a Robotic Market

Given that Netflix reports tonight, then Tesla tomorrow evening, it is easy to overlook Intuitive Surgical (below, on the quarterly chart sporting a freight train uptrend since 2009, despite the 2020 hiccup) reporting tonight, as well. ISRG trades at a forward PE of nearly fifty-eight as I write this, remarkably expensive and aligned with how...

22Jan11:32 amEST

A Hot Oil Coil

Given that crude oil topped out last late-September, suffered a sharp correction, then has gone nowhere for two months running, I have been fairly quiet on the commodity and various oil stocks, for the most part. As we noted with Members, other segments have commodities have been more active, even if they offer the usual head-fakes and traps. ...

21Jan11:01 amEST

Weekend Overview and Analysis 01/21/24 {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...

19Jan11:17 amEST

Too Much Money Chasing After Too Few Goods

It is tough to think of a more blinking red light about another surge higher in inflation than the fallout from the ongoing tensions in the Red Sea than the major supply disruptions, as seen on a recent CNBC.com headline , below. On this options expiration Friday, stocks (especially tech, notably semiconductors, again) are ignoring any bad...

18Jan2:15 pmEST

Not Buying the AI Decadence

AMD reports earnings on January 29th, while NVDA reports out in February 28th. While I fully acknowledge the variance that earnings reports carry, I also view the action in AMD, especially, to be symptomatic of an "echo bubble" in chips based on the AI craze. We have seen as much in NVDA for a good while now. But AMD recently has gone bananas...

17Jan11:39 amEST

Sorting Through Winter Battles

I was just forced to cut a gold miner long trade, as the (likely) threat of no imminent March rate cut seems to be pressuring gold more than I expected. Of course, you know that I also am not expecting a rate cut, either, and have several other positions on to benefit from that, including an outright short on bonds as well as a bearish bet on...