Change the Seasons, But Not My View

09Oct10:35 amEST

Isn't That Just Like a Commodity Market?

Over the weekend Israel declared war following a surprise attack from Hamas. It is a rather convenient fact, indeed, that crude oil had been sharply pulling back for about the last week and a half following a prior, steep rally, rending this gap up perhaps just the start of a new move higher rather than a typical sell-the-news setup. Commodity...

08Oct11:15 amEST

Weekend Overview and Analysis 10/08/23 {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...

06Oct11:23 amEST

Holding it All Up

My bearish bet on the bond market continues to work well, as I trimmed some more of a TBT long position which I have actually held for most of this year with Members. That said, the persistent and seemingly omnipresent bid in equities is out in full force, once again, with stocks flipping green as I write this despite the red-hot inflationary...

05Oct10:52 amEST

It is a New Battlefield; Adjust Accordingly

The team with the longest winning streak in New Jersey high school football currently (33 games and counting) is Caldwell High School, a program with which I am quite familiar. The Chiefs, located in West Caldwell, have been a powerhouse for a school of their size--especially a public one--for many, many decades, with several state...

04Oct10:18 amEST

Where Are We Going, Where Have We Been?

The title of this post is a variation of the title of a short story by Joyce Carol Oates , “Where Are You Going, Where Have You Been?," featuring one of the most evil, cunning characters in modern American literature, Arnold Friend. Ironically, many literary critics have argued that Friend was not even a real character in the story, but...

03Oct10:59 amEST

It's Supposed to Be a Non-Judgmental Intervention!

With rumors swirling about Japan's Ministry of Finance intervening in currency markets to support the free-falling Japanese Yen, let us get one thing abundantly clear: Intervening (or perhaps the mere appearance and perception of it) in global markets by government entities and/or central bankers is always from a position of weakness and...

02Oct11:50 amEST

What's the Old Saying? Credit Leads

High yield corporate bonds (HYG ETF, first daily chart, below) are sporting fresh breakdowns this morning, not to mention junk bonds and investment grade corporates (LQD ETF on second chart). Simply put, credit is starting the month and quarter with a fairly resounding bearish tone amid higher rates. This action stands in stark contrast to the...

01Oct11:50 amEST

Weekend Overview and Analysis 10/01/23 {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...

29Sep10:31 amEST

Let Me Tell You a Couple of Three Things

Dow component and retail titan, Nike, below on the daily chart, is gapping up hard after earnings last evening. And just like with Disney, another Dow component, which gapped up in August after earnings, it would not shock be if all of the bullish cheers will soon be silenced again. Back on August 10th, Disney gapped up on earnings to a chorus...

28Sep11:10 amEST

Change the Seasons, But Not My View

With TBT, the ultra-short ETF essentially betting hard against TLT and betting on higher rates, poking above $40 this morning I decided to right-size my position in long TBT wither Members down to a regular, 2% size (meaning 2% of my dedicated Market Chess educational portfolio)--My cost basis on the overweight position was $28.85 and I have...