Weekend Overview and Analysis 08/07/22 {Video}

15Aug10:48 amEST

Shake, Rattle, But Hasn't Rolled

I lost track trying to keep count of how many nasty shakeouts we have seen in the energy complex this summer. The current one this morning is in regards to China slowdown fears coupled with an Iran supply boost. However, neither of those news items are anything new as the market has known about them for quite some time. Interestingly, these...

14Aug10:32 amEST

Weekend Overview and Analysis 08/14/22 {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...

12Aug10:53 amEST

Oh My!

I will be the first to admit that the bull run in Costco went much higher than I could have anticipated, as Americans relentless flocked to buy in bulk and enjoy food court hot dogs. Personally, I despise shopping at COST as I go to great lengths to avoid crowds in general--I would much rather grocery shop first thing in the morning or right...

11Aug11:07 amEST

Sneaky Peak Inflation

This sure is a strange version of "peak inflation," with rates yawning off the cool(er than expected) CPI yesterday and then outright spiking (as TLT sells off, below on the daily chart) today on the cool PPI print. My view headed into 2022, as per a video I emailed to VIP Members over the holiday (and have since posted on this website a few...

10Aug3:44 pmEST

P.S. The Market is Now Fighting the Fed

I do not expect this VIX dip under 20 to hold for very long, as The Fed remains tightening while the market is filled with tons of hope that inflation is dead and ZIRP/QE will be back in a jiffy. Bear market slide down a slope of hope. And now we clearly have that slope in place into the teeth of this rally in equities. While bulls will...

10Aug10:57 amEST

Getting High on the CPI

A slightly cooler CPI, but still a whopping 8.5%, is seeing Wall Street fervently cheer via higher stock prices this morning. In fact, the S&P 500 Index is lingering just below the widely-watched 4200 level, clearly a spot worth watching the rest of summer as we close in on a declining 200-day simple moving average on that index and virtually...

09Aug3:41 pmEST

It All Comes Down to the American Consumer

With about a $100 billion more in market cap than competitor Mastercard (and a few hundred billion more than American Express), Visa (V, on the updated quarterly chart, below) is still squarely on my radar to flag a major inflection point and, indeed, regime change for the vaunted American consumer. As you know, America's economy still...

09Aug11:25 amEST

A Certain Beauty in Those Peaks

Perhaps the most striking feature of the summer rally in growth stocks alongside the selloff in oil and gas has been how cheered on the growth rally is which was actually exceeded in enthusiasm by how jeered the gasoline prices, oil price, and energy stocks were on the way down. In other words, most market players absolutely adored the growth...

08Aug10:46 amEST

This Silly Summer Chase is a Serious Warning

The chase into meme stocks and other short squeeze plays, such as AMC BBBY FUBO GME PTON, among others, may very well be a fun summer reminder of the retail squeeze bonanza back in early-2021 where GME and AMC went ballistic to the upside for a few weeks. However, it ought to serve as a stark warning to Fed officials (and Congress) that...

07Aug10:01 amEST

Weekend Overview and Analysis 08/07/22 {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...