Asymmetrical Risk

14May10:59 amEST

Remember Not to Hustle Yourself

It occurred to me this week that there is now an active, roving wolf pack of short-sellers focused on Cathie Wood's ARKK fund (and her underlying holdings) who fancy themselves the next Michael Burry or John Paulson of a potential coming crisis. However, it is worth noting that the global financial crisis came only after many a short seller had...

13May4:47 pmEST

Stock Market Recap 05/13/21 {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...

13May11:06 amEST

Riding Into the Melee

A frenetic bounce in the opening hour or so of today's session is seeing bulls recapture a chunk of yesterday's losses, notwithstanding the drama which unfolded last evening as TSLA CEO Elon Musk tweeted out that Tesla would no longer accept Bitcoin as a form of payment for its car purchases. Naturally, Bitcoin suffered a sharp correction on...

12May4:28 pmEST

Stock Market Recap 05/12/21 {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...

12May9:59 amEST

Gut Check Time

After a red hot inflation reading this morning we have various macro tourists out and about proclaiming this is all a big misunderstanding. I, myself, have harkened back to the Q2 2008 inflation head-fake which eventually help to exacerbate the deflationary crash later that year amid the global financial crisis. However, as one of my favorite...

11May3:50 pmEST

Stock Market Recap 05/11/21 {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...

11May10:19 amEST

Oasis No More

An early bounce attempt off a fairly large gap down across the board this morning is at risk of entirely rolling back over as we speak. In terms of analyzing the construction of the market, the most glaring change from previous instances during this multi-week bout of weakness in growth stocks (mostly housed in the QQQ and Nasdaq), is that the...

10May3:52 pmEST

Cathie Wood's $ARKK: Risk of Reflexivity

Into the bell, there are many topics to discuss tonight with Members in my full video recap. However, a main takeaway, of course, centers around the growth selloff. In particular, I would use extreme care in bottom-fishing ARKK and all of Cathie Wood's holdings here--ARKK is below its 200-day moving average (below, yellow line on daily chart)...

10May11:00 amEST

We Are All Probably Overlooking Platinum

A brutal open for tech, namely ARKK and TSLA, among many, many other high beta growth stocks, is clearly spoiling Monday morning for many traders. Materials and energy have select strength, alongside the continued melt-ups in banks and homebuilders which are helping the Dow and S&P stay either green or only slight down to mask the Nasdaq...

08May8:03 amEST

Asymmetrical Risk

Big, bad, $50 billion-plus market cap Newmont Corporation, a gold miner which has been unable to hold over the $70 handle since before the 1987 crash, is back up to the scene of prior crimes and threatening to overtake it again after dipping (more benignly, as you can see relative to prior times) since last summer. Does it look like it will...