MarketChess

01Aug3:36 pmEST

Afternoon Update 08/01/25 {Video}

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31Jul3:28 pmEST

Muddy Tug of War

The ARM earnings disappointment (down 13.7%) has had a surprisingly strong effect on the Nasdaq today, considering all of the hype surrounding both Meta and Microsoft rallying sharply after earnings last evening. As it stands now META is still up more than 11%, MSFT up nearly 4%, yet the QQQ is red as we head into Apple and Amazon earnings this...

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30Jul3:35 pmEST

Weak Fed Leadership Marred by Dissents and Bessents

Today's FOMC decision to hold rates steady was met with two dissents among the voting members, marking the first time in more than thirty years we have seen a double dissent. Fed Chair Jay Powell's constant toeing the line seems to finally be wearing thin with most, as he would rather engage in legalese, "arguments for both sides," in lieu of...

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29Jul10:23 amEST

Whirlpool Out in the Cold Rhymes with Stagflation

The concept of history "rhyming" remains firmly intact even as the S&P and Nasdaq melt up every single (or perhaps because of it), insofar and the comparison to the early-1970s. Specifically, over fifty years ago we had the mighty NIFTY FIFTY market growth leaders melting up and eventually topping out, too, all the while stagflation (slowing...

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28Jul2:47 pmEST

Follow the North Water

"The North Water" refers to a fictional voyage of a whaling ship in the 1850s, which is the setting of Ian McGuire's novel and subsequent BBC/AMC miniseries of the same name. The "north water" specifically refers to the North Water Polynya, an area of open water in the Arctic where whales migrate, making it a crucial hunting ground for whalers...

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27Jul10:24 amEST

Weekend Overview and Analysis 07/27/25 {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...

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24Jul12:43 pmEST

Stand By Your Mine

Colorado-based Newmont Mining reports tonight, a name I have held for years in the VIP section of Market Chess Subscription Services, which is dedicated to long-term investing. Despite Newmont coming on strongly over the last eighteen months or so, when we look at the multi-decade chart, below, you can clearly see the stock trading, overall,...

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22Jul2:17 pmEST

It's Funny...Up to a Point

Shares of D.R. Horton and Pulte Homes are rallying sharply after earnings and leading a sizable rally in homebuilder stocks at-large today. As I write this the XHB ETF is up more than 5.25%, a monstrous move for a sector ETF, with DHI and PHM the leaders up 15% and 10%, respectively.  Indeed, it seems like it is all fun and games for housing...

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21Jul2:34 pmEST

Each Scoop Gets Smaller for Chipotle

Trading at a forward PE of almost 37, Chipotle is far from cheap even after a prolonged period of underperformance by its shares on an absolute basis and, of course, on a relative basis to the epic melt-up in tech/AI names. CMG is not alone, however, as the prominent consumer names like LULU NKE SBUX, even COST of late, have been...

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18Jul2:57 pmEST

Afternoon Update 07/18/25 {Video}

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