MarketChess

31May9:30 amEST

Searching for Pressure Points

As I am sure you gathered from our analysis before the holiday, we expect oil and gasoline futures to continue to push higher into the summer months as China reopens and the domestic U.S. economy sees cabin fever-ridden Americans spend whatever money they have left (or on credit) for summer vacations. On the surface, a local road trip seems far...

Read More

26May2:36 pmEST

More Than Just Summer Driving Season

It is difficult to overstate just how bullish the price action in crude oil is right now (and gasoline), given the events of the last three months where we have seen Fed tightening, economic data points suggesting we clearly peaked in growth and could easily be headed towards recession by the end of calendar year, as well as the negative wealth...

Read More

25May11:33 amEST

Bear Market Psychology 05/25/22 {Video}

Read More

24May11:28 amEST

Snap Snaps Off, Reminiscent of Ancient Greece

Towards the end of the Ancient Greek civilization, after Alexander the Great's empire in 323 B.C. until the utter defeat at the hands of the Romans in the Battle of Corinth in 146 B.C., the Ancient Greeks saw increasing participation in theatre. It seemed as though everyone wanted to be a performer all of a sudden which, perhaps, was a symptom...

Read More

23May11:06 amEST

Hey, Hey, We're the Monkeypox Plays

On second thought, while you can always try to scalp the likes of INO SIGA or a bunch of other Monkeypox plays in this week leading up to a major holiday one week from today, I would rather focus on a more constructive chart with a macro story I find more compelling.  Natural gas, of course used for air conditioning homes in coming summer...

Read More

22May10:04 amEST

Weekend Overview and Analysis 05/22/22 {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...

Read More

20May8:25 amEST

Here's the Last Inflationary Bear Market We Had

I know it is a Friday in late-May, with summer ahead of us after a grueling winter. So, you will pardon my sobering update here. But I do believe it to be quite instructive.  The last time this country saw a protracted inflationary bear market was from 1966-1982. While it is certainly true that there are various differences between now and...

Read More

19May3:40 pmEST

They're Trying to Mask it From You

While ARKK and many downtrodden growth stocks catch a bid today we have shares of AAPL (below on daily chart) hitting their lowest levels since July 2021. With a $2.22 trillion market cap, and the trifecta of ETF component weightings (DIA QQQ, and SPY), Apple is as serious as serious gets for this market. We know Buffett is still in the name,...

Read More

19May10:09 amEST

Oh, Have Another One!

I know I am dating myself with  Toll Booth Willie references (about thirty years ago at this point). However, it is worth driving home the point that the transportation stocks, which got many bulls quite giddy as summer approaches regarding pent-up demand for travel and general post-COVID animal spirits, have actually gone in the other...

Read More

18May3:05 pmEST

Cash First, Ask Questions Later

With many key spots in the market, be it with the Dow (on the DIA ETF daily chart, below) or any number of prominent stocks, giving up multiple sessions worth of gains all at once today, I elected to move back to full cash with Members a few hours ago.  With the exception of a recent ag long I took on late yesterday, I was able to escape with a...

Read More