MarketChess
Showing articles 151 - 160 (6608 total)
14Apr11:32 amEST
Weekend Overview and Analysis 04/14/24 {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...
12Apr12:28 pmEST
Giving Me the Iran-Around Sue
Purely from a market perspective, we may need to gear up for another weekend of the Iran Runaround game, with threats of attacks on Israel supposedly imminent, which always seem to be postponed. As it stands now, the VIX and many stocks are taking the threat seriously, on top of the JPM earnings selloff with CEO Dimon sounding the alarm bells...
11Apr12:28 pmEST
If the CPI Report Don't Fit, You Must Submit
After yesterday morning's red-hot CPI report, bulls are now latching onto a cool headline PPI print this morning with (oddly) "seasonally adjusted" lower gas prices, even though gasoline has clearly been rising. At any rate (no pun intended), the Nasdaq is leading today's bounce even as both rates and the VIX are higher as I write this. Energy...
10Apr12:35 pmEST
Inflation Whiplash
Another hot CPI report this morning, with emphasis on gasoline and shelter prices, has doves running for cover as rates on the 10-Year push above 4.5%. An earlier dip-buy attempt in equities seemed initially convincing but has since sputtered. Overall, inflation looks to be staging another leg higher for a kind of whiplash effect off what many...
09Apr1:00 pmEST
Here's the Thing About Rip Van Winkle
...even he woke up, eventually. You may notice that the monthly chart for the premier copper miner, Freeport McMoran, below, looks an awful lot like the monthly chart of the silver metal. Both charts are threatening to emerge from multi-year symmetrical triangles within the context of decade-plus sideways/dead money periods. And just as Rip...
08Apr12:25 pmEST
Cutting it High and Tight
On the updated daily charts below, for CLF and CMC respectively, note how the stocks are flagging "high and tight" after prior run-ups above all moving averages. For these two commodity stocks, this is solid price action and puts us on watch for another move higher especially if the commodity complex at-large continues to enjoy rotation. To...
04Apr3:16 pmEST
Changes In Latitudes, Changes In Attitudes
After being one of the undisputed monsters off the pre-Halloween low, AMD is now displaying serious signs of changes in latitudes and changes in price attitudes . More importantly, the relevant issues for us is whether the large semiconductor play is functioning as a leader to the downside now, too, after clearly being one of the leaders to...
03Apr1:47 pmEST
Looking for a 5x4 By Memorial Day
Powell gave remarks at Stanford University earlier today where he is still sticking to his guns that we are merely seeing a "bumpy" path down to 2% target inflation. In other words, the recent data are not swaying him off his rate cut plan for later this year, just yet. Powell and his cohorts at The Fed have been awfully stubborn on this...
02Apr12:25 pmEST
It's How Civilizations Fall
The SOFR is an acronym which stands for, "Secured Overnight Financing Rate," and is the replacement to LIBOR (which stood for "London Interbank Offer Rate"). LIBOR was deemed too prone to manipulation (try to hold your laughter) and thus the SOFR calculation was tweaked a bit from the LIBOR. But, essentially, SOFR acts like LIBOR did, as...