ChiefMacro

ChiefMacro

Commercial Metals showing us a great risk-reward for a short setup!

ChiefMacro

USDCNH looks to be breaking out for a potentially huge move up. We first called it on April 19th, 2022. Watching this one closely!!

ChiefMacro

Tractor Supply... Love this store / company, although I have been out of the cattle business entirely (formally) for about a year now. Anyway, TSCO looks like top.. So, with a basket full of chicken and a big cold jug of sweet tea, we will treat it like a top.

ChiefMacro

Oil failing to breakout higher here, suggests that we are likely heading much lower.

ChiefMacro

I first took a short in oil back in June of 2022. This on the heals of identifying several short-equity opportunities in "household favorites" like Tesla and Bitcoin and Mickey. It has been a long steady grind lower in oil, but opportunistic nonetheless. What oil has not yet done, is give us that really deep, nasty drop at the end of its death-grind lower (an...

ChiefMacro

Dollar is looking incredibly bullish. This rhymes with my overall short outlook. Stocks look weak, commodities look weak, oil looks weak, cryptos are on the verge of total disaster. All very interesting (assuming it continues and heads deeper) considering where we are in the world. As far as the effect on the market - be careful, because if you fomo-ed long into...

ChiefMacro

I don't know how high this thing goes, but right now it looks like it is heading higher.

ChiefMacro

We first called the crypto short on October 15th, 2021. Today, we are adding to the short position. Sadly, many have been deceived by the crypto hysteria. NOT US! Acts 19:19

ChiefMacro

It's a beautiful thing. The charts never lie. When things start to look as wild as this week's price-action, it is a good idea to look for some kind of "tell". These kinds of moves are like an irresistible vortex for the FOMO crowd and the next thing you know we are down 20%. Is there a case for a deep(er) pullback in the mighty Nasdaq? We will just have to see...

ChiefMacro

Chevron looks like it is about to rollover after creating a new high, along with announcing a buy-back program. Not really much else to say....? bye ✌️

ChiefMacro

Time to short Tesla ($TSLA) again, as it appears to have completed the retracing, following the 66% selloff that followed our first identification of the short in April 2022. Elon looking at securities fraud charges. This organization is a mess. Dump em.

ChiefMacro

"By the time you come to, you're gonna need a new haircut" - Gary Bertier, Remember the Titans. Russia looks like it is setting up for another wave down. Kinda hard to grow when the economy is cutoff from the world. The Ruble is also getting trashed (has been for decades), despite some "professionals" pumping lies about the ruble being "so strong" in 2022.

ChiefMacro

I recently read something where it was noted that the ruble is the strongest currency of 2020. Would YOU trade your dollars for rubles? I didn't think so. Yawn.

ChiefMacro

I first featured Boeing ($BA) back on May 27th, 2022 as a LONG / buy and hold. Since that call, the trade is up 40%+. Boeing is also at a key area and looks as though it will pull back. Yes it could break out (buy and hold). I personally think Boeing will fail here, how deep - I don't know (we never know), offering a great opportunity to take some profit after a...

ChiefMacro

Consistent with our overall view of the market, and in particular - the oil & gas space - MPC is showing us a great risk / reward setup for a SHORT. How deep this thing will go, I cannot say - so there is no particular target in mind right now. Nonetheless, we will continue to monitor and provide updates when necessary. For now, Marathon Petroleum can be shorted...

ChiefMacro

TPL is up a whopping 800% since Covid... That is crazy! Consistent with our entire view of the market, $TPL looks like it needs to correct. Hard. From a macro perspective, rising interest rates do not bode well for commodity exposure (TPL's portfolio). From a charting perspective, this is way overdone to the upside. Looking for a major pullback in TPL. Be...

ChiefMacro

Man - things are gettin hairy out there, bros. Lol.. tesla appears to be taking it's last breath. If only elon could have chweeted to save his stock price, just like he did cryptodog (or whatever it was). Lol... Right now we are -30% from the market all time high. When the market sold off at the start of this century, it took over two years to bottom (april...

ChiefMacro

Bitcoin looking worse than ever, as we approach 11 months since having first identified the short (October 15th, 2021). Fed: "We will raise interest rates." Lol. We know how this ends. be careful out there! Things are a'rumbling and it's not looking good for risk-assets!