MarketChess

08Apr12:25 pmEST

Cutting it High and Tight

On the updated daily charts below, for CLF and CMC respectively, note how the stocks are flagging "high and tight" after prior run-ups above all moving averages.  For these two commodity stocks, this is solid price action and puts us on watch for another move higher especially if the commodity complex at-large continues to enjoy rotation.  To...

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05Apr2:11 pmEST

Afternoon Update 04/05/24 {Video}

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04Apr3:16 pmEST

Changes In Latitudes, Changes In Attitudes

After being one of the undisputed monsters off the pre-Halloween low, AMD is now displaying serious signs of changes in latitudes and changes in price attitudes .  More importantly, the relevant issues for us is whether the large semiconductor play is functioning as a leader to the downside now, too, after clearly being one of the leaders to...

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03Apr1:47 pmEST

Looking for a 5x4 By Memorial Day

Powell gave remarks at Stanford University earlier today where he is still sticking to his guns that we are merely seeing a "bumpy" path down to 2% target inflation. In other words, the recent data are not swaying him off his rate cut plan for later this year, just yet.  Powell and his cohorts at The Fed have been awfully stubborn on this...

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02Apr12:25 pmEST

It's How Civilizations Fall

The SOFR is an acronym which stands for, "Secured Overnight Financing Rate," and is the replacement to LIBOR (which stood for "London Interbank Offer Rate"). LIBOR was deemed too prone to manipulation (try to hold your laughter) and thus the SOFR calculation was tweaked a bit from the LIBOR. But, essentially, SOFR acts like LIBOR did, as...

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01Apr11:12 amEST

April Bond Fool in the Rain

I almost never headline a blog post with a chart. Typically, I use a photo relevant to the title or body of the post.  However, and this certainly is no April Fools' Day joke, TBT (ultra-SHORT ETF for Treasuries, essentially a bet on higher rates by being long TBT) has been the mainstay in my portfolio for over fifteen months now with Members....

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31Mar11:26 amEST

Weekend Overview and Analysis 03/31/24 {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...

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28Mar11:06 amEST

Silver is Risen

Quietly a strong end to the holiday week for gold, silver, and their miners.  Granted, tomorrow's PCE report with the cash markets closed will be a major event, especially once Easter dinner is done and Sunday night futures open into the new month and quarter on Monday.  However, recall during the 1970s that gold and metals/miners performed the...

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27Mar12:42 pmEST

AT&T Set to Outperform NVIDIA for the Next Decade

With a forward PE of 7 and a dividend well north of 6%, AT&T continues to be overlooked if not outright hated by the investing community. Nonetheless, with VIP Members in the long-term investing arm of Market Chess we have been on this play for several quarters now, seeing deep value in the stock from lower levels. Beyond T, we have its buddy...

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26Mar3:50 pmEST

Look What Washed Ashore

Another super slow day out there (mostly, save DJT and RDDT type action). But note the ARM lockup expiry and weakness is impacting the semis into the bell negatively.  The SOX did not make a new high since the beginning of the month, diverging from the Nasdaq last week. And now we have a diamond top washing ashore with no fanfare because, after...

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