A Premium Placed on Price

10Nov3:42 pmEST

It's an Industrial Story

It may seem odd for the "inflation trade" of higher rates, higher copper and global materials miners surging all the while gold and precious miners are taking it on the chin. However, the way to make sense of that price action may be seen in the silver market. With GDX and GDXJ, senior and junior gold miner ETFs, respectively, down roughly 7%...

10Nov1:36 pmEST

Bezos Goes the Way of Pesos

The theme of this week across many markets has been rotation. And while the temptation may be to assign a political reason for all of the moves, in reality the price action in the bond market (which was already on this trajectory long before Trump's victory) may carry more significance than politics. In other words, the true battle going...

10Nov10:12 amEST

Taxation Without Carbonation!

In addition to the sudden headwind of higher rates and an unwinding of the "yield-seeking safety trade," one of our Members noted the major soft drink beverage firms are also looking at a flurry of Soda Taxes passed around America on Election Day. Several weeks back, we noted that the daily charts for TLT (Treasuries) and XLP (consumer staples...

09Nov3:51 pmEST

Stock Market Recap 11/09/16 {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...

09Nov3:49 pmEST

Back to Russia

It has surely been an exhilarating eighteen hour or so for markets, with plenty of market players merely trying to process some of the most violent price swings imaginable is a short period of time. Regarding equities, it appeared to be a day of rotation. "FANG" stocks are mostly red, while biotechs received strong inflows. Banks and the rates'...

09Nov1:27 pmEST

Still the Most Important Long-Term Chart

Although there are plenty of headlines covering up the price action in the bond market, it should not be lost on us that Treasuries are acting more and more as though they have arrived at a meaningful inflection point. Not only has TLT failed to sustain a bounce from recent oversold conditions, but the accompanying rate-sensitive sectors in...

09Nov10:42 amEST

Omarosa: If You Were Me, Who Would You Fire?

On the back of the surprise Trump victory, we are seeing a game of musical chairs below the market's surface. Ironically, it is reminiscent of a boardroom scene from "The Apprentice," in terms of discerning the winners and losers. Firearms plays like RGR and SWHC are being sold aggressively, as are solar plays. But banks, steels, and biotechs...

08Nov3:53 pmEST

Stock Market Recap 11/08/16 {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...

08Nov3:47 pmEST

A Full, Traditional English Brexit or a Continental Breakfast?

By the time we wake up tomorrow, we should have a full grasp as to whether markets are headed towards a Brexit-style swoon after tonight's election, or instead an understated continental breakfast. On some level, with Brexit only a few months removed, it is hard to see markets really swooning the way in which we did back then. But that need...

08Nov1:42 pmEST

A Premium Placed on Price

Beyond leaders like PCLN rallying sharply after earnings today, another idea is to scout out potential new leaders in their own specific industry. As an example, Planet Fitness prices gym memberships usually far below completion. And with health insurance premiums in the news across the country for rising sharply, Americans may very well save...