It’s the weekly commodity edition of What the FICC?
If you missed last month’s breakout in Sugar, have no fear: It’s offering us another opportunity to get long.…
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
If you missed last month’s breakout in Sugar, have no fear: It’s offering us another opportunity to get long.…
Check it out!
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 Tuesday February 21st at 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 Tuesday night: [Read more…]
by David
From the Desk of Kimmy Sokoloff
That was some sloppy action today, and the market is showing weakness.
Let’s see if we level out next week.
Support on $SPY is 405, then 402.35. Resistance is at 408.
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.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The New York Mercantile Exchange soft commodity contracts have been ripping.
Orange juice futures recently broke out of a decade-long base, coffee is up almost 20% in a month, and cocoa hit fresh 52-week highs yesterday.
Yet, of all the softs, I like sugar the most.
In fact, sugar held the No. 1 spot as my favorite chart heading into 2023. And it broke out last month!
I missed that move — not for lack of initiative, more like access issues.
If you missed it, too, have no fear: Sugar is offering us another opportunity to get long.…
This one’s a bit of a short-term tactical bet.
We’re fading a recent move and we’ll know if we’re wrong quickly.
But the nice thing is that we know Uncle Warren Buffet has our back.
Timing matters for this play, so let’s get right to it. [Read more…]
by Ian Culley
It’s the weekly bond edition of What the FICC?
Commodity-related stocks remain hot despite a narrative of easing inflation.
Check it out!
by JC
It’s been a choppy month so far hasn’t it?
This is classic behavior for February. See here.
Look at this sloppy hot mess. [Read more…]