MarketChess

23Dec3:36 pmEST

Go to Australia for the Final Puzzle Piece

Melbourne, Australia-based. BHP (formerly BHP Billiton) is valued just north of $150 billion market cap currently. As far as miners go, that is pretty much as big as it gets. The firm focuses on non-precious materials, such as iron ore, copper, metallurgical (steelmaking) coal, nickel, and potash (for fertilizer). Alongside other larger global...

Read More

22Dec1:50 pmEST

Christmas Week Drift

We have two and a half trading sessions this week before Christmas Day on Thursday, followed by what should be a ghost town of a full session on Friday. To be sure, plenty of market players have already closed up shop for this calendar year and are on holiday until January 5th, 2026. But for those sticking around we have identified some...

Read More

19Dec2:38 pmEST

Afternoon Update 12/19/25 {Video}

Read More

18Dec2:57 pmEST

Circular Financing, Circular Patterns

The Alger AI Enablers & Adopters ETF (ALAI), below on the daily chart, is composed of fifty-seven holdings, with the heaviest weights naturally assigned to AI monsters and market leaders like NVDA MSFT AMZN APP META GOOG and TSM.  As you can see we are looking at a potentially game-changing bearish head and shoulders topping pattern, spanning...

Read More

17Dec9:47 amEST

Beer and Circuses, Blockade and Puffery

President Trump said he will deliver a White House address in primetime tonight at 9 p.m. EST., likely recapping his first year in office and also likely at least touching on this full blockade of some oil tankers in and out of Venezuela.  Oil has been notably weak of late, perhaps giving Trump the cover to ramp up aggression on an oil-rich...

Read More

15Dec3:01 pmEST

It's Starting to Come Together, Pepper

I am going to present two noteworthy RSI divergences to price on the charts, below, which are highly relevant to the current market situation headed into 2026. For reference, the RSI is simply the "Relative Strength Index" used to identify changes in technical momentum. Above 50 is generally considered a bullish RSI, with above 70 viewed as...

Read More

12Dec2:52 pmEST

Afternoon Update 12/12/25 {Video}

Read More

11Dec3:25 pmEST

'Til I Gain Control Again (RIP Raul Malo)

With the TLT ETF (for Treasuries on the long end of the curve, prices inverse to rates) flipping red today, we have the makings of a daily chart bear flag after a modest bounce on the back of the dovish Fed this week. With a rate cut plus the resumption of non-QE QE, plus a lame duck Fed Chair with no heart to fight inflation, whatsoever, bond...

Read More

10Dec3:26 pmEST

Non-Inflation Inflation, Non-QE QE

Today's presser featured Fed Chair Powell acting like the lamest of ducks, with his tenure set to lapse next May 2026. He acted like a Fed Chair who knows he is leaving behind a bloody mess but he, once again, did not have the intestinal fortitude to do anything remotely close to the right thing in order to try to get inflation down to target...

Read More

09Dec3:01 pmEST

It's the Print After the FOMC That Matters

Both rates on the long end of the curve and precious metals/miners have been heating up as we head into a likely 25 bps rate cut (of the overnight, or Federal Funds, rate) by The Fed tomorrow afternoon at 2pm EST.  At first blush it would seem that the metals and government bond markets are signaling to The Fed a view I have personally held for...

Read More