Expert technical analysis of financial markets by JC Parets
by JC
I just got back from a weekend in Nashville with my wife.
We had such a great time.
I had never been to Nashville before. It was just one of those places I hadn’t gotten to yet.
But I picked up on the vibes right away, even at the airport before the flight and during the flight itself, which was Thursday night at 10PM.
Everyone was on the same page – “We’re here to party and have a good time”. [Read more…]
by JC
You want to talk about broadening participation in this bull market?
Here you go.
This week we saw more countries around the world hitting new 52-week highs than we’ve seen in years.
This isn’t just a Tech thing. This isn’t even just a U.S. thing.
This is a stocks thing, as stocks all over the world continue to march higher. [Read more…]
by JC
Stock prices don’t go straight up, even during bull markets.
Corrections are a normal phenomenon.
Messy market environments are perfectly normal too.
And that’s exactly what we’ve seen.
To be clear, corrections and messy market environments for several months at a time do not change the fact that it’s still a bull market.
We’ve been in a bull market for almost 2 years. That hasn’t changed.
The bigger question is whether this bull market is now ready to resume? Or is more churning, sector rotation and further sentiment adjustment still necessary? [Read more…]
by JC
S&P500 New All-time Highs
Nasdaq Composite New All-time Highs
NYSE Composite New All-time Highs
Dow Jones Industrial Average New All-time Highs
Are you noticing a trend?
And it’s not just 7 stocks either.
Actually the Russell3000 Index just hit New All-time Highs as well. This index represents approximately 98% of all investable assets in the U.S. Equities market.
Here it is breaking records before your very eyes: [Read more…]
by JC
This is the video recording of the May 2024 Mid-month Conference Call.
by JC
Look at this squeeze in GameStop $GME happening as we speak.
$GME more than doubled in price yesterday, finally closing up 75% on the day. That’s a 200% rally in just a couple of weeks.
$GME is up another 90% pre-market today, as of the time of this writing… [Read more…]
by JC
Aaaaaand, we’re back!
Look at this squeeze in GameStop happening as we speak.
From failed moves come very fast moves in the opposite direction…. [Read more…]
by JC
These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Wednesday May 15th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Wednesday evening: [Read more…]
