Last year’s leaders keep falling one by one.
Apple fell yesterday, again, to break down to new 52-week lows relative to the S&P500.
You’re seeing similar behavior from Google and Tesla as well. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Last year’s leaders keep falling one by one.
Apple fell yesterday, again, to break down to new 52-week lows relative to the S&P500.
You’re seeing similar behavior from Google and Tesla as well. [Read more…]
by JC
Fun fact, did you know I used to be a Gold Bug?
That’s right.
In the early years of my career, being a Gold Bug was actually cool.
Throughout the 2000s, not only were Gold prices going up, they were also outperforming stocks and bonds, by a lot.
I was that guy. [Read more…]
by JC
The stock market is near new all-time highs and getting all the attention.
Crypto Currencies are breaking out and everyone is all hyped up for another Defi Summer.
Meanwhile, Gold is quietly hitting new all-time highs.
Never in history has Gold closed at a higher price than it did yesterday: [Read more…]
by JC
Banks don’t stop falling.
About a year ago, we saw a few tiny banks that no one has ever heard of disappear, and the market moved on just fine.
Is this time going to be like that?
Look at Regional Banks breaking down vs both Large-caps and Small-caps.
So, no matter what you compare them to, Regional Banks look terrible: [Read more…]
by JC
This is the video recording of our March 4th Monthly Charts Live Strategy Session
by JC
Last week was Crypto Week here at All Star Charts.
And I think the market got the memo.
Bitcoin just hit $65,000 for the first time in over two years. [Read more…]
by JC
Not sure if you got the memo, but this is still a Bull Market in stocks.
That hasn’t changed.
Just to be clear.
And this, I think, is where defining who you are and your time horizon is really important. [Read more…]
by JC
What a month for investors!
My understanding is that due to higher inflation, February now has 29 days.
And so here we are: March 1st.
You know what that means?
New Monthly Charts are now available, and we’ll be going over it all together this Monday March 4th @ 6PM ET.
Premium Members can register for that here.
In the meantime, check out the monthly candlesticks for Crude Oil Futures. Look at this massive base above support: [Read more…]