Pause?! You're Talking Pause?

22Jun12:24 pmEST

Unsinkable Rates

You may have noticed that Jerome Powell is out talking like a tough guy this week in front of Congress. Naturally, he is doing so after failing to raise rates last week and essentially backstopping wealthy depositors for regional banks back in March, essentially eliminating a fat left tail risk to markets for the time being which, in turn,...

21Jun11:30 amEST

The Last Gasp of Complacency

If you traded during the summer of 2011 then you know there was a moment right before all heck broke loose and we had a bonfire market swoon for a while there that stocks went down and so too did the VIX. Up until that point, we had a narrow market with capital congregated in a few obvious names but many weak sectors overall (sound familiar?)....

20Jun11:25 amEST

Looking for Changes

Alongside speculative fervor in meme stocks as well as mega cap tech like NVDA TSLA, we also have CNN Fear & Greed Index in "Extreme Greed" territory with very few folks even acknowledging that indicator at this point. Furthermore, we have U.S. housing starts, or new home construction, surging by the most in three decades in May as it was...

18Jun4:49 pmEST

Weekend Overview and Analysis 06/18/23 {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...

15Jun1:30 pmEST

No Excuses, But No Crying Either

Being way too early equals being wrong in this lonely (at times) business. But each time I have reassessed my view on equities I arrive at the same conclusion--The current rally is in its final inning before we head into the post-June options expiration period where overall liquidity faces several bearish headwinds throughout the summer into...

14Jun4:46 pmEST

Stock Market Recap 06/14/23 {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...

13Jun1:10 pmEST

Why Was I Born Handsome Instead of Rich?

Here it is: Daily melt-ups and a one-way tape amid bad news, good news, neutral news altogether. Sentiment assumes a bull market is here and new highs are inevitable, in the bag and a forgone conclusion. If you wanted to be a contrarian and look for a primo, type A short setup, this would be it. I, myself, certainly did not expect The Fed to...

12Jun3:10 pmEST

Soft or Hard Landing?

I know what equities are saying today and of late--clearly in favor of a soft landing, goldilocks scenarios where inflation recedes hard but the economy stays intact--but what of crude oil? Even with the OPEC+ seemingly bullish news in recent weeks to cut supply we have black gold selling off hard today, as seen on the USO ETF daily chart,...

11Jun11:36 amEST

Weekend Overview and Analysis 06/11/23 {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...

09Jun11:54 amEST

Pause?! You're Talking Pause?

The consensus among economists on The Street headed into next week's FOMC is now that The Fed will pause its rate hiking regime and see how things shake out, hoping for the best of a "soft landing." Meanwhile, back in the real world, gasoline prices have gone virtually straight up since the beginning of May (see UGA daily chart, below, the ETF...