MarketChess

09Jul3:17 pmEST

Not Natural, But Strong

Amazon saw its big summer Prime Day sales down 41%, year over year, in the first day of their four-day event yesterday. In addition, Jeff Bezos just unloaded over $600 million worth of Amazon shares to the open market. And, yet, Amazon is higher today as the likes of META NVDA lead the Nasdaq.  With the Fed Minutes coming in more or less as...

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08Jul3:38 pmEST

Halitosis Ruins a Market That's Expialidocious

We are winding down a fairly stale summer session today, as Trump's 50% copper tariff likely marks the big news of the day (See: FCX rallying sharply and improving in recent months, as we noted previously here and with Members).  Tomorrow afternoon's Fed Minutes (from the last FOMC meeting in June) figure to be the big known macro event of an...

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07Jul11:35 amEST

Stocks Down, Rates Up

Coming off the long holiday weekend, despite the best efforts of the Treasury Secretary during multiple television appearances to promote imminent trade deals as well as insinuating that he may be the next Fed Chair (or shadow Fed Chair) in order to quickly lower rates, we have stocks lower and rates on the 10-Year Note higher.  For a good...

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02Jul11:51 amEST

It's a Marathon, Man

Most commodity miners are having an impressive session, with the XME (ETF for materials miners) surging 3.67% as I write this after recapturing its 200-day moving average after Memorial Day. Copper, coal, palladium, and platinum are mostly leading the charge.  But let us not forget that gold was way ahead of this move, rallying sharply since...

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01Jul12:56 pmEST

Big Round Top and Little Round Top

Shares of both Ford and General Motors are rallying sharply today and, frankly, look more technically appealing than they have in recent memory. This move is in no small part due to Tesla's trials and tribulations, namely the potential fallout from a Trump/Musk feud which intermittently alternates between being schoolyard amusement and...

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30Jun2:14 pmEST

Who Needs Viagra When There's Netflix?

You can take the title of this blog post in any number of ways. But for our purposes we want to reiterate the gargantuan quarterly candles across most of the Nasdaq itself as well as its constituents. Non-Nasdaq stocks and sectors also apply, given the ferocity of the selloff in March and the snapback since early-April.  Thus, as we wind down...

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27Jun3:18 pmEST

Afternoon Update 06/27/25 {Video}

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26Jun2:47 pmEST

T.I.A. for Your P.G.M.'s

Platinum group metals (PGMs) refer to a group of six chemically similar, precious metallic elements: platinum, palladium, rhodium, ruthenium, osmium, and iridium. The PGMs encompass the "other" precious metals, frequently overlooked beyond gold and silver. Thus, a firm like Johannesburg, South Africa-based Sibanye-Stillwater (SBSW, below on the...

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25Jun3:21 pmEST

What You Got Ain't Nothin' New

"What you got ain't nothin' new. This country's hard on people. You can't stop what's coming. It ain't all waiting on you. That's vanity." - No Country for Old Men (2007) The sheer size of the current quarterly candlestick on many major indices and tech/growth charts is truly something to behold, as illustrated on the current SOX...

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24Jun2:44 pmEST

Come and Get Me, Copper

It seems difficult to look through the Iran/Israel ceasefire jubilation in markets this week, with equities squeezing higher while oil gets slammed lower. However, it is worth noting that Fed Chair Powell maintained a (relatively, for him) hawkish stance during the first day of his two-day testimony before the House Committee today. In other...

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