Expert technical analysis of financial markets by JC Parets
Whenever I’m trying to figure out what’s going on, I can’t get that Marvin Gaye song out of my head.
But the tl;dr of it is that US large-cap stock indexes are holding support. So far, anyway.
We laid out the key levels a couple weeks back.
But also notice how we’ve been seeing more strength around the world, with the US acting as one of the laggards. It probably has something to do with all that growth exposure in a lot of US large-cap indexes.
Most other countries don’t have that.
Here you can see the Dow Jones Composite Index holding that key 11,200 area. This is a good representation of what we’re seeing in a lot of other major indexes and sectors: [Read more…]
This week I had a great conversation with Jeremy Schwartz on the Behind The Markets Podcast on SiriusXM Radio.
Jeremy and I have been through a few cycles throughout our careers and probably understand the weightings of Indexes and ETFs better than most investors. Which was a big point I was trying to make: Understand what you own. You need to know what’s inside of these things, and more importantly, what’s not.
There’s a lot going on in today’s market but I tried to really focus in on the primary trends and where I think we’re going this year.
Last time we did this I got to go down to the studio at the Wharton School at the University of Pennsylvania. But the weather was bad so we recorded remotely. Hopefully I can make it down there soon and we can do it live from the University once again.
Either way, I think we hit on a bunch of key points on this episode.
Hope you enjoy! [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
We’re buying the $CVX January 2024 150-strike call options. Yes LEAPS!
Check out our short video with the thought process behind this trade: [Read more…]
This is the video recording of our February 1st Monthly Charts Live Strategy Session
