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Expert technical analysis of financial markets by JC Parets

Time To Clean Up Our Feeds

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It’s a new year right? The holidays are over. Make your donations, help whichever causes are most important to you, and now dedicate a little bit of selfish time to improve your own life.

Social Media can be a very valuable tool. It can also lead to frustration, misallocation of time & energy, and in many cases even depression.

Unfortunately these days, I hear more negativity about social media than I hear positive things. But that’s not the platform’s fault. It’s your fault. We curate our own streams. We decide what we want to read and who we want to follow and interact with.

If your social media experience is causing you anxiety, then you’re doing it wrong.

If your social media experience is anything other than inspiring, educational and rewarding, then you’re doing it wrong.

If you find yourself constantly getting angry at something you read or someone you follow, then you’re doing it wrong.

If you’re not learning every day from the people you follow, you’re doing it wrong.

Social Media should be a very selfish endeavor. We’re here to help ourselves and we’re here to help others. If anything else is happening, then you’re doing it wrong. [Read more…]

[Chart of the Week] Consumer Staples Can’t Keep Up

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Have you noticed that Consumer Staples are working on their lowest levels relative to S&Ps in over a decade?

Remember, underperformance from Staples is a classic characteristic of strong uptrending stock markets, which I’m not sure if you’ve noticed, we’ve been in. 

Last week I went into detail about what we’re looking for as a sign of a market correction. In fact, I showed 4 important factors we’re watching. Make sure you’re caught up on those here.

Today, I’d like to point out how one of those 4 signs continues to flash Green, meaning: Buy Stocks.

Here is the relative strength of Consumer Staples inverted. When the black line is moving up, Staples are underperforming. When the black line is moving down, Staples are outperforming. As you can see, underperforming Consumer Staples is consistent with higher stock prices and the opposite is also true, when Staples are outperforming stocks are usually under pressure. [Read more…]

Filed Under: ASC

Santa Claus Rally Begins Thursday

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It’s that time of the year again. This is when we hear things like the “January Effect”, the “First 5 Days of the Year Indicator”, “Santa Claus Rally”, “January Barometer” and all sorts of seasonal-type conversations.

Remember, we’re right in the heart of “The Best 3 Month Period of the Year”. You always hear, “Sell in May and Go Away”, but as we pointed out on Nov 6th, it’s waaaay more important to “Remember to Buy in November”, or “Buy in October and Get Yourself Sober”. Either one of those works.

Wall Streeters have all kinds of silly sayings to help remember important things. “The trend is your friend”, “Don’t fight the Fed”, and “Bottom Fishing Can Be Hazardous To Your Wealth” are all good ones that you’ve probably heard before.

Today I want to talk about the significance of the Santa Claus Rally, and the fact that it might not even come at all. And that in and of itself would be the signal.

Let me explain. [Read more…]

[Video] JC & Howard Lindzon: What’s NOT a Tech Stock at this point?

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This week Howard and I discuss what “Technology” actually means. With companies like Google, Amazon and Facebook representing ZERO PERCENT of the Technology Index, people continue to group them into Tech regardless.

Is that right? Should we ignore Dow Jones and their weightings? Or is it important to acknowledge which stocks are in these indexes and which ones aren’t?

When asked about underperformance from Europe and Emerging Markets, Howard says “I filter the world to only see what’s working. I’m all about investing for profit and joy, not misery and pain”

This was a fun chat.

Here’s the video in full:

[Read more…]

Iron Ore hits 7-year highs, Why should we care?

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For months now, we’ve been pointing to the fact that metals are doing great. It’s just that Gold isn’t one of them.

Base metals are where the smart money has been flowing. Copper has been hitting the highest levels since 2013 and absolutely embarrassing the performance of its precious metals counterpart, Gold which has not been so golden.

Copper outperforming Gold is consistent with higher Interest Rates, and we’ve been getting those too.

More specific to Base Metals on an absolute basis, the positive correlation with Emerging Market Stocks is off the charts. Here is Iron Ore making new 7-year highs overlaid with the Emerging Markets Index so you can see how closely they trade together: [Read more…]

Investors Are Underweight Cash, First Time Since 2013

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I was going through the Global Fund Manager Survey this week and thought this one stood out the most.

Remember, this survey is loaded with all kinds of stuff. So there’s something for everyone to cherry pick to fit their narrative.

But this one would catch my eye, regardless of my thoughts on the trend of the market.

We’re looking at the percentage of investors who say they’re overweight on cash at any given time, all the way back to 2001. But what it’s really showing is that a net percentage of investors are actually underweight cash. [Read more…]

Filed Under: ASC

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