Expert technical analysis of financial markets by JC Parets
It was a big year for Crypto, Web 3.0, the Metaverse and all things Blockchain.
In case you didn’t hear, a lot of people made a lot of money. And “a lot” is probably understating it.
How’d you do?
Either way, win lose or draw in 2021, we’re looking forward to 2022. But in order to do so responsibly, it’s important to know where we’ve come from. [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.
The bond market continues to price in higher inflation and higher interest rates.
The types of stocks that tend to do well in that environment are Energy and Financials. So that’s where we’re looking.
An area that continues to see relative strength is in Semiconductors. One name in particular stands out from Amsterdam is ASML.
We talk about all of this and more in this short New Year’s Eve Clip:
Our friends over at Stockcharts.com asked me to put together a short video on the most important theme of 2021.
For me, it’s hard to ignore how breadth deterioration throughout the most the year impacted sentiment. This summer, the extreme levels of bullishness among individual investors and financial advisors became a headwind for stocks.
After the prices of those stocks deteriorated further into the Fall, that sentiment flipped to the opposite extreme. We came into December 2021 with the most bears in over a year and fewest bulls since April 2020.
As we enter 2022, sentiment is very different than how things looked entering 2020 and 2021.
By my work, this time is different. Very different.
Check out the video and full and then let me know what you think!
We’re buying an $MPC Feb/Apr 70 Call Calendar Spread for around a $1.10 debit. This means we’ll be short the February 70 calls and long an equal amount of April 70 calls for a net debit
Check out our short video with the thought process behind these trades: [Read more…]
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Monday January 3rd @ 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 Monday evening: [Read more…]
