Jerome Powell Starring as Backdraft Ronald

01Apr11:12 amEST

April Bond Fool in the Rain

I almost never headline a blog post with a chart. Typically, I use a photo relevant to the title or body of the post. However, and this certainly is no April Fools' Day joke, TBT (ultra-SHORT ETF for Treasuries, essentially a bet on higher rates by being long TBT) has been the mainstay in my portfolio for over fifteen months now with Members....

31Mar11:26 amEST

Weekend Overview and Analysis 03/31/24 {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...

28Mar11:06 amEST

Silver is Risen

Quietly a strong end to the holiday week for gold, silver, and their miners. Granted, tomorrow's PCE report with the cash markets closed will be a major event, especially once Easter dinner is done and Sunday night futures open into the new month and quarter on Monday. However, recall during the 1970s that gold and metals/miners performed the...

27Mar12:42 pmEST

AT&T Set to Outperform NVIDIA for the Next Decade

With a forward PE of 7 and a dividend well north of 6%, AT&T continues to be overlooked if not outright hated by the investing community. Nonetheless, with VIP Members in the long-term investing arm of Market Chess we have been on this play for several quarters now, seeing deep value in the stock from lower levels. Beyond T, we have its buddy...

26Mar3:50 pmEST

Look What Washed Ashore

Another super slow day out there (mostly, save DJT and RDDT type action). But note the ARM lockup expiry and weakness is impacting the semis into the bell negatively. The SOX did not make a new high since the beginning of the month, diverging from the Nasdaq last week. And now we have a diamond top washing ashore with no fanfare because, after...

25Mar12:03 pmEST

Tossing One to the Alligators

With bad press as far as the eye can see, Boeing CEO Dave Calhoun announced that he will step down at the end of this calendar year as part of a broad management shakeup for the firm. The old timers used to refer to this as "tossing one to the alligators," meaning the sheer amount of awful publicity means someone (or some people) need to be the...

24Mar10:50 amEST

Weekend Overview and Analysis 03/24/24 {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...

22Mar3:29 pmEST

Afternoon Update 03/22/24 {Video}

21Mar2:37 pmEST

Metals and the Bond Market Can Stop This March Madness

Sure, we can discuss oil. But from my perch the bond market, shooting rates higher, and the precious metals with their derivative miners, are the two main forces which can push back on The Fed's likely mistake of focusing on rate cuts and ignoring the possibility of inflation igniting for another wave higher. On the junior silver miner ETF...

20Mar3:31 pmEST

Jerome Powell Starring as Backdraft Ronald

"What would you like to do to the currency and confidence in inflation, Jerome?" Burn it Gold, silver, copper, and the miners saw a surge as Powell opened his presser with incredibly dovish comments even though some of the Fed voting members dot plots initially seemed a touch more hawkish than expected. On the silver ETF monthly chart,...