They Usually Ride the Wave

07Jun3:16 pmEST

A Party is a Party is a Party

It may be just a lull before the FOMC next week, if not GME earnings later this week, but the small caps in the IWM (ETF for the small cap-dominated Russell 2000 Index, on its daily chart, below) is making its case today that a viable, multi-month breakout could be in the works. You can see for yourself how significant the $230 level has been...

07Jun10:43 amEST

Not Quite the Tangiers, But It'll Do

Headed into GameStop earnings on Wednesday evening, quite a few retail and indeed "meme" stocks at-large are stealing the show again this morning amid a quiet tape. Most plays which are related to the retail/re-opening complex and heavily-shorted seem to be in the sweet spot, including names like AMC GOGO MAC. Along the lines of Macerich (MAC)...

06Jun9:11 amEST

Weekend Overview and Analysis 06/06/21 {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...

04Jun11:26 amEST

Just Say the Word, Oh, SPAC-SPAC-SPACicide

News that Bill Ackman's SPAC, Pershing Square Tontine Holdings (PSTH), is considering buying 10% of Universal Music Group from Vivendi (the French media conglomerate) which values the music company at around $42 billion, getting the Bronx cheer from the market today. As I write this, PSTH is down more than 13% on the session and, more...

03Jun4:16 pmEST

Stock Market Recap 06/03/21 {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...

03Jun11:17 amEST

Plan for the Rest of Today

The bounce we are seeing after a weak open seems almost too predictable and easy at this point. But, then again, after the repeat squeezes in the likes of AMC GME many times over since January, this market has taught us that sometimes being too predictable and too easy is almost unpredictable and difficult in and of itself. As AMC BBBY GME cool...

02Jun4:27 pmEST

Stock Market Recap 06/02/21 {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...

02Jun11:10 amEST

Don't Get Addicted to Johnny Cakes...or Growth Stocks

There currently exists a certain cognitive dissonance in markets at the moment, particularly when it comes to richly valued growth stocks which have rewarded bulls handsomely for years on end amid a ZIRP, NIRP, TINA environment. All of those acronyms led to the biggest of acronyms, FANG, surpassing several trillion in market cap alongside AAPL...

01Jun3:07 pmEST

Commodity Stocks Are Rallying to Incredibly Muted Sentiment

Tempting as it may be to join the chorus of throwing cold water on all things inflation, it is worth noting that even an inflationary "head-fake" can last a few innings longer than most expect before the "party" ends. Thus, as commodity-related stocks shine again today in many corners of the market, especially oil, uranium, tankers, steels,...

01Jun10:26 amEST

They Usually Ride the Wave

Just as the most recent energy bear market, beginning roughly in late-2014 and essentially lasting for the rest of the decade, adversely affected maritime transportation stocks relating to oil tankers and the shipping of crude oil, liquefied natural gas and liquefied petroleum gas, so too can a bull market see the tanker suddenly come to life. ...