Expert technical analysis of financial markets by JC Parets
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.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
From the Desk of Ian Culley @IanCulley
There’s no doubt about it: Fundamentals drive markets over longer time frames.
It’s a common misconception that technical analysts don’t believe in fundamental analysis.
That’s not true.
Many of us simply chose to follow price for a multitude of reasons. Price always made sense to me, especially since it pays at the end of the day.
Whether you use fundamentals or technicals to inform your investment decisions comes down to philosophy.
Remember, we’re all solving the same puzzle – just from different perspectives…
$SPY hit the 415 mark and then pulled in.
And then this market limped into the close.
Tech was weak once again, and this might be a continuing theme.
There are some big cap software stocks on the verge of resolving out of beautiful bases to the upside. Of course, we have to be on the ball to avoid earnings landmines as it’s that time of the year.
That said, my favorite chart among these big caps that still has breathing room in it (about six weeks) before we have to deal with their next earnings report is Salesforce $CRM.
Check out this chart:
From the Desk of Kimmy Sokoloff
Bank stocks are taking off this morning after some of their earnings releases, while tech stocks seem weak again.
It seems to be the theme of the week.
