Meet Your New Friends

02Mar4:26 pmEST

Stock Market Recap 03/02/21 {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...

02Mar11:02 amEST

GameStop: Not Again!

Equities have the look and feel of digesting yesterday's explosive rally on the back off a sloppy end to the month of February. A settling down process now would be fine by me, though bulls probably do not want to see the S&P 500 Index back under 3,850 anytime soon or else risk a full giveback. In the meantime, we have some intriguing sectors...

01Mar11:02 amEST

In Like a Lion; Or Kruger National Park for That Matter

"March comes in like a lion and goes out like a lamb." - Old Weather Lore Consistent with this market's recent history, the sloppy and seemingly ominous close to the month of February for equities has led to another apparent and vicious squeeze higher to kick off the new month. There are some near-term hurdles to decisively clear in order to...

28Feb9:16 amEST

Special Edition: Full-Length Weekend Strategy Session 02/28/21 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of other...

26Feb11:21 amEST

It's All Lined Up

We have a choppy Friday morning session playing out as we speak, with the Nasdaq giving a wobbly effort so far to stabilize amid a bounce in Treasuries (meaning rates are taking breather from spiking). Interestingly, as we noted with Members earlier, some pretty important near-term price levels as being probed across a variety of markets. TLT...

25Feb3:44 pmEST

Show a Little Respect

In the 1990s, Democratic political adviser James Carville said: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.” ( source ). The younger generation of market players likely...

25Feb11:14 amEST

Would You Please Pass the Jelly?

With the yield on the 10-Year Note currently competing with the average dividend yield of the S&P 500, non-extended consumer staple names like KHC MO PM seem to be more attractive by the day. In addition, Smucker, below on its monthly chart coiled as can be, is another attractive staple yielding more than 3% who just beat earnings and raised...

24Feb10:31 amEST

Tina Shopped at Costco Quite a Bit the Last Ten Years

Although we typically think of names like the "FANG" leading stocks, plus AAPL MSFT TSLA, among others, when it comes to the "TINA" acronym (which stands for There Is No Alternative {to stocks}), Costco certainly falls under that umbrella, too. With a rich valuation and an abnormally-steep multi-year rally, seen below on the updated quarterly...

23Feb4:57 pmEST

Stock Market Recap 02/23/21 {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...

23Feb11:00 amEST

Meet Your New Friends

For some of you, they will be the same as your old ones. As the country awaits the next round of stimulus checks, or "stimmy" checks, the issue is whether we see another bout of speculative fervor with them like we saw with GameStop and a few other names several weeks back. Of course, and it seems like an eternity ago, but the first stimulus...