From the Desk of Willie Delwiche.

The last decade-plus has featured extended periods of US leadership and only brief bouts of with the rest of the world on top. While it may be outside of the experience or active memory for many investors, the first decade of this millennium saw the exact opposite: persistent strength from the rest of the world and little leadership from the US.

This is the video recording of our January 27, 2023, All Star Charts Crypto Weekly Strategy Session.

Earlier this week, we took our original risk capital out of our Micron Technologies $MU position, and now we're enjoying a #FreeRide into the summer.

We've got a somewhat more conservative bullish bet going in Analog Devices $ADI via a call calendar spread.

As you can see, we've already got exposure to the semiconductors space. But there is a ton of bullish action here so as long as it keeps working, we're going to wade a little deeper in the semis pool for our next trade. 

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

We've adjusted a position in the Paid-to-Play portfolio today:

The most significant insider buy on today’s list is a Form 4 filing by Lockheed Martin $LMT Director John Donovan.

Donovan reported a purchase of roughly $250,867 in LMT.

From the Desk of Kimmy Sokoloff

So far, every Friday this month the market has traded higher, with strong gains.

Can we make it a fourth Friday rally in a row?

We like to keep things simple around here.

When there is less supply of something, and more demand for it, the price goes up.

That's how markets work.

So first it was Warren Buffett aggressively buying shares of Chevron. He now owns over $30 Billion worth.

This has been a very very good trade for us.

Warren Buffett was the smart money. And we listened.

Now this week, you can argue that the even smarter money, the company itself, announced a $75 Billion Buyback.

In other words, with all the money that Chevron is making these days, they believe the best thing they can do with all that cash is to buy their own stock.

And so $CVX is now making new all-time highs, again:

It's the weekly bond edition of What the FICC?

The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely...

Check it out!

From the Desk of Ian Culley

Choppy conditions prevail.

Sure, risk appetite is returning as long-duration assets catch a bid.

The ARK Innovation ETF $ARKK, Tesla $TSLA, and even the Emerging Markets Bond ETF $EMB show impressive near-term strength.

Nevertheless, the overall market is still a range-bound mess…

The S&P 500 churns below overhead supply. A decisive downside resolution in the US Dollar Index $DXY has yet to occur. And commodities – at least at the index level – refuse to violate key support levels.

I doubt the markets will clean themselves up in the coming weeks. But if you want insight into the near-term direction of the major asset classes, keep an eye on this one chart…

Here it is – a triple-pane look at the yields on the five-, 10-, and 30-year US Treasury bonds:

This is the video recording of the January 26th, 2023, Weekly Town Hall w/ Willie Delwiche.

1/26/23 2:00 PM ET

Today’s note has nothing to do with trading, and absolutely everything to do with trading.

Let me explain.

The solutions to trading problems aren’t always found when we’re trading. In fact, I would argue most of the time they aren’t. At least not for me.

Have you ever been in the shower, on a walk with your dog, or driving your car when suddenly you were struck with a fantastic idea or an important “to-do”? Not just about trading, but about anything?

Happens to me all the time.

Even worse, it seems that whenever I’m struck with a great idea or a prompt for an errand I need to do, they come in waves. The brainstorming just flows ideas out of my head in a torrent that makes it impossible for me to remember everything. And it always seems to happen when I have no ability to write it down.

So I just try to remember it all until later when I can either perform the task, send that email, write that blog post, make that trade, or adjust that strategy.

But this act of remembering prevents me from moving forward when all I’m trying to do is balance the spinning plates of thoughts running in my head.