Isn't That Just Like a Pop?

14Dec10:41 amEST

Take Your Fed Day Breakfast with a Grain of Salt

Ahead of the FOMC at 2pm EST today, followed by a Chair Powell presser, it is likely correct to take virtual all of the action across all markets with a grain of salt since we know how quickly the worm can turn on Fed Days (then again, one can argue in this modern monetary regime that they are all "Fed Days"). The consensus is that the Fed...

13Dec5:19 pmEST

Stock Market Recap 12/13/22 {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...

13Dec10:56 amEST

You're a Mean One, Mr. VIX

Stocks are fading well off their morning highs for on the back of a cool CPI print pre-market. To be sure, we have a ton of event risk yet to be negotiated this week, namely with the FOMC tomorrow afternoon. That said, in light of the VIX popping yesterday alongside the rally in stocks, and now dumping out today, it reminds us of the...

12Dec3:46 pmEST

I'm Not Someone Who Complains About Christmas Music

This time of year, it becomes a badge of honor for some folks to complain about the ubiquitous Christmas/holiday music everywhere you go. Not I, however. Believe me, there will be plenty of dark, quiet, holiday-less days coming in January and February, even parts of March, where you will yearn for the energy of the holiday season. In the...

12Dec11:17 amEST

Global Miners to Oil: Am I Lying?

The overall strength in global materials non-precious miners in recent weeks, such as BHP PKX RIO VALE, among others, stands in stark contrast and has been conveniently overlooked to the crude oil weakness. In essence, oil bears want to have their cake and eat it too--Claiming weak oil and an imminent deep economic recession while ignoring the...

11Dec7:53 amEST

Weekend Overview and Analysis 12/11/22 {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...

09Dec10:56 amEST

Who is the Real P.I.?

Despite a hotter than expected PPI (Producer Price Index) print this morning, stocks are mostly muted in their response thus far on a December Friday. Crude oil is still trying to bounce off its prior September lows, and the S&P 500 is trying to hold back above 3950 as we speak. As we have been noting with Members it is highly likely that the...

08Dec4:28 pmEST

Stock Market Recap 12/08/22 {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...

08Dec11:32 amEST

Behind Door Number One

On some level we are all crude oil traders now. Like it or not, this morning's (seemingly daily) fade on the indices off a strong open dovetailed with crude oil flipping back red, as seen on the updated USO ETF daily chart, below. That is not to say that equities are doomed here. But it does mean that there is a de facto lid on top on this...

07Dec10:31 amEST

Isn't That Just Like a Pop?

Silver is leading an impressive opening pop in the precious complex, complete with gold and the miners participating early on. However, as the broad market remains on shaky footing everyone seems to be on pins and needles to see if yet another pop will fade in commodities. First and foremost, oil is still having issues holding green. Now, I am...