Weekend Overview and Analysis 08/28/22 {Video}

06Sep10:02 amEST

I Told You I Ain't Got No Agua

Dip-buyers continue to operate under the assumption that the liquidity bonanza markets enjoyed since 2009--and then especially since March 2020--is still in full force despite The Fed's recent efforts to make it clear that is no longer the case. At times, they appear to be begging The Fed and massaging the data to infer a much-beloved "dovish...

04Sep9:48 amEST

Weekend Overview and Analysis 09/04/22 {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...

02Sep9:58 amEST

The Market Moves to Its Own Tune

Jazz is like wine. When it is new, it is only for the experts, but when it gets older, everybody wants it. -Steve Lacy After a jobs report which was essentially inline with expectations, markets took the opportunity to follow-through a bit higher on yesterday afternoon's comeback rally. That said, we are well off the morning highs already...

01Sep9:24 amEST

Yes, the Bond Market Can Crash

This is worth a re-post, especially in light of the summer rally in both stocks and Treasuries. I am re-posting this not to "pile on" to the recent weakness in TLT (as rates go back up) but rather to reinforce my view that a bond market crash/swoon/substantial move lower from here as rates go higher is absolutely on the table if rates...

31Aug2:41 pmEST

Off the Record, on the QT, and Very Hush Hush

Let us clear something up right now so there is no confusion: To say that The Fed's quantitative tightening program ramping up in September is the genesis for a new bull market "wall of worry" is misguided, at best, if not downright pie in the sky wishful thinking from a prior stock market era. Exhibit A: Kevin Muir's piece on Bloomberg.com...

31Aug10:16 amEST

Would That Make You Love Uranium?!

After a spectacular week of high buy volume surges in the wake of bullish news out of Japan, one has to wonder if the uranium sector, as seen on the URA ETF daily chart, below, is gearing up for another move higher in September. You can see the volume on the bottom pane of the chart, which adds credence to the price appreciation beyond mere...

30Aug10:48 amEST

Here's What Many Are Forgetting

Over the course of the summer rally I saw quite a few technically-oriented market players and pundits alike discuss various, for example, biotech and healthcare names putting in what they described as base bottoms. I dispute this view, clearly, as discussed below. Even with recent market weakness, including this morning's abrupt downside...

29Aug3:45 pmEST

Hey, Zuck: You Want Some Elk, Brah?

Meta Founder and CEO Mark Zuckerberg's recent appearance on Joe Rogan's incredibly popular podcast made tons of news due to Zuck's revelations about the Biden/Trump election. However, I suspect the real reason for Zuck even choosing to go on as a guest in the first place centered much more around the need for Meta to rebuild its brand after...

29Aug10:23 amEST

View: Starbucks Will Lose 50% of Its Value Over the Next Year

Starbucks, a poster child for the indomitable American consumer since the 2009 lows, has already made a legend for future generations out of current CEO and Founder Howard D. Schultz. Schultz left and then came back to SBUX as CEO over the years, and there is no doubt of his business acumen. The brand is iconic and represents a way of life for...

28Aug9:32 amEST

Weekend Overview and Analysis 08/28/22 {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...