Futility in Trading the News

01Mar11:06 amEST

Bear Market Blues; Bell Bottom Blues

In a scene reminiscent of the 1970s stagflation era, commodities are ruling the roost while former growth leaders (not unlike the "Nifty Fifty" of that time period) disappoint hopeful dip-buyers. As we speak this morning, most commodities are on full display, be it crude, wheat and corn, palladium, and now gold and silver. I went long silver...

28Feb4:37 pmEST

Stock Market Recap 02/28/22 {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...

28Feb10:50 amEST

Is it Really All Baked Into the Piroshki?

With small caps and the Nasdaq flipping green as I write this off another headline-filled gap down from the weekend, one has to at least wonder if the near-term bad news about Russia and Ukraine has been adequately priced in by markets. While I am always inclined to think that there remain known unknowns--And perhaps some unknown...

27Feb10:11 amEST

Weekend Overview and Analysis 02/27/22 {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...

25Feb11:23 amEST

Reminder: It's Still a New Regime

After a dramatic upside reversal and some follow-through higher today it is quite easy to assume the worst is behind us in terms of the Nasdaq and growth stock selloff. However, you will notice that even into this relief rally we have IGV XBI all lagging noticeably, with names like DKNG PENN actually red as I write this. True, they may be...

24Feb3:06 pmEST

I Doubt This is the Last of General Winter

This morning's sizable opening gap down was enough to get me to lock in giant in some of my bearish bets with Members, be it short TSLA and short semis, as well as a long wheat trade. Stocks actually look to have printed session lows right on the opening print, which is something we have seen quite a bit since March 2020, actually, although all...

24Feb10:40 amEST

As Far as Markets Go: Russia is a MacGuffin

MacGuffin : In fiction, a MacGuffin is an object, device, or event that is necessary to the plot and the motivation of the characters, but insignificant, unimportant, or irrelevant in itself. About a week ago I locked in my short on Treasuries (a bet on higher rates) as I surmised with Members that bonds could easily stage a bit of a relief...

23Feb4:26 pmEST

Stock Market Recap 02/23/22 {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...

23Feb11:15 amEST

Stop Trying So Hard To Make Your Case

Speaking from personal experience in my younger, more brazen days, eager bulls would probably be best served by not trying so hard to make their case for an imminent and major market bottom--At least the type of imminent rally which is worth getting behind with significant financial and emotional capital. And, make no mistake, both are precious...

22Feb11:04 amEST

Futility in Trading the News

“Never mistake activity for achievement.” –John Wooden In this era of 24/7 news where even using social media to tweet out a headline seems obsolete just a few seconds later, it is worth remembering the analogy that the market is equivalent to being the world's largest open book exam. Back in my law school days, virtually all of the final...