MarketChess
Showing articles 1 - 10 (6627 total)
12Dec3:10 pmEST
How Could it Be OK if It's Askew?
I saw on X that @Barchart posted how low the "MOVE" Index has been sinking, which is basically the VIX of the bond market, illustrated below. It would seem there is much ado about nothing, according to the MOVE Index, despite rates pushing higher as Treasuries selloff after both yesterday's inline CPI print, a strong 10-Year auction, and then...
11Dec10:13 amEST
Ready to Go At a Moment's Notice
Natural gas is red-hot this morning, out in front of the commodity complex as the CPI print confirmed what we basically knew anyway: Inflation is reaccelerating into Fed rate cuts. Further, while it is certainly true that uranium and nuclear reactor plays are enticing on the long side, the more imminent, realistic play for AI energy is natural...
09Dec1:55 pmEST
They Couldn't Break the Chiner
We have what looks to be some late-stage bifurcation rotation again today, with the downtrodden China stocks getting a secondary boost off recent lows after their early-October pop. On the first chart, below, of the weekly timeframe for the FXI China country ETF, we can see the bull flag potential uncoiling higher today, with names like BABA JD...
05Dec3:39 pmEST
Bull Market Don't Die of Old Age
The old Wall Street is adage is that bull markets, "do not die of old age," meaning it is impossible to put an expiration date on a bull run merely because it has already rallied for many years. That said, bull markets most certainly do die when the final marginal buyer has been exhausted and the market is essentially all "bought up" with...
04Dec3:10 pmEST
Political Trades Require Cunning Instincts
One phenomenon I have noticed over the decades with each incoming Presidential Administration has been the temptation to find the new President trade. With Obama, it was green energy, for example. But those trades rarely have staying power. In fact, the opposite usually happens, with sectors you expect to lead, lagging, and sectors you expect...
03Dec3:37 pmEST
Seeing the Oil Barrel Half Full Today
Crude oil is up nicely today while natural gas is taking a shellacking. From my perch it is instructive to see natural gas-related stocks, like Northern Oil (below on the updated daily chart) basically ignore the natty selloff and remain either pushing higher or tightening up for fresh consolidations, such as with CTRA. Going forward, we still...
02Dec2:31 pmEST
SMCI's One-Person Committee is Part of a Team
Courtesy of @unusual_whales on X: Super Micro Computer, $SMCI, announced the completion of a review by an independent Special Committee, which consisted of only one person, and which found no evidence of misconduct or fraud by the company’s management or Board. As ridiculous as a one-person "Special Committee" sounds, especially for...
29Nov9:07 amEST
Morning Prep 11/29/24 {Video}
The following video is an example of the types of Morning Prep Videos I present to Members of the Market Chess Subscription Services on a daily basis. Please click here for more details about joining to access these videos regularly, as well as plenty of other features.
26Nov3:09 pmEST
Saylor is Due for Rough Seas
The broad market continues to sleepwalk sideways-to-higher on a daily basis as we zoom towards the holiday season. Tomorrow is one of the most traveled days of the years (apparently the busiest day of travel each year is the Sunday after Thanksgiving), but we do have a deluge of data tomorrow morning which could move markets. That said, the...