The Market Structure Map
August 26, 2026
Twenty-five lighters on the dresser, yessir, and I gotsta get paid. That’s what NVDA investors are saying today. The ZZ Top (God rest Frank Beard) version of that song has Billy Gibbons at his gravelly best. I saw a documentary on the band, and Billy...
August 19, 2026
Earnings. This is what the stock market is all about. That’s what we’re told all day long by the financial media. And it would be true if just 51% of the money in the market were driven by earnings. With Morningstar data as barometer, about...
August 12, 2026
Would you take a coin flip as an outcome? I got to know a successful growth fund manager in the 1990s. Well. More than one! Louis Navellier was crushing it for technology investors using “modern portfolio theory” principles such as risk-adjusted return and how volatility...
August 5, 2026
Very slowly than all at once is how things tend to happen. It seems to be true in the stock market. A Demand/Supply view of Micron (MU), darling of the AI trade, is like that. Run a three-year chart at EDGE, and Demand exploded in...
July 29, 2026
Because there aren’t enough ways to trade, single-stock futures are back. On July 27, the CME launched single-stock futures valued at 100 shares each on 55 stocks. Here are the facts from the CME. The CME also offers “mini” 10-share futures on 22 of them,...
July 22, 2026
My dad wanted to be buried in a pine box on a hillside. Our friend Kim did it. A “natural burial” puts nothing between the deceased person and a return to dust. No embalming, encasement, metal, vaults. Just wood and time and dirt. Kim chose...