Another Wild Ride for Caterpillar Ends

08Feb10:55 amEST

I'll See Yous in the Funny Papers

Plenty of talk about Microsoft and Google competing for search now, which I expect to stay in the "papers" and headlines for the foreseeable future. For our purposes, though, nothing has changed. Both stocks are in bear market trends, as the weekly for Alphabet, below, illustrates since late-2021. Note the failure today at prior early-2021...

07Feb10:46 amEST

Low Winter Sun Staring at You, Jay Powell

The Fed Chair will be speaking around 12:40pm EST today. And while it may very well be a formality of a speech before an economic council in D.C. you may have noticed the rhetoric shift in recent days from Fed people in light of last Friday's hot jobs number. Stocks are mixed in front of his speech, with the likes of BBBY giving back a heavy...

06Feb10:16 amEST

This is a Front-Runaround Sue Market

Just as markets began to front-run what they perceived as a peak in inflation and a new era of disinflation (as Jay Powell himself basically said last week) since the swing lows back in October 2022, then began to aggressively celebrate a possible soft landing in recent weeks on top of that, if there are second thoughts about that now we could...

05Feb10:00 amEST

Weekend Overview and Analysis 02/05/23 {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...

03Feb10:05 amEST

Hot is Cold; Cold is Hot

This morning's red hot jobs report is likely the start of a series of data which I expect to force The Fed to rethink its recent softening hawkish stance. The CPI on February 14th figures to be the next prime-time report, as market players decide if good news is bad for markets due to pressure on The Fed and bad news is good as it would give...

02Feb4:22 pmEST

Stock Market Recap 02/02/23 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...

02Feb10:12 amEST

Punxsutawney Phil Sees Six More Weeks Until the Next FOMC

A rather subdued Jerome Powell (one who is aiming high at sticking a soft landing) at yesterday's FOMC press conference galvanized growth/tech stock and high beta bulls to run free, spilling over into this morning's open as META is up around 20% as I write this. Granted, we have AAPL AMZN GOOGL tonight, then the jobs report tomorrow morning. ...

01Feb4:59 pmEST

Stock Market Recap 02/01/23 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening 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. If you enjoy my videos and blog posts, then please...

01Feb11:24 amEST

Let's Pretend Jay Powell is Sitting at Your Poker Table

While I am fully aware we have META earnings tonight, followed by AAPL AMZN GOOGL tomorrow evening, then the jobs report Friday morning, not to mention the next CPI print on Valentine's Day before February monthly options expiration which should finally see a plethora of hedges rolled off, it is still instructive to take a step back and analyze...

31Jan10:28 amEST

Another Wild Ride for Caterpillar Ends

Despite beating on revenue, Caterpillar missed on earnings and reported a struggle with costs in its latest quarterly this morning. The Big CAT is often a bellwether for industrials. And you can see for yourself the epic overall bull trend the last decade or two on the monthly timeframe, below. Just as the 2011-2012 multi-year top featured...