Expert technical analysis of financial markets by JC Parets
by Louis Sykes
From the Desk of Louis Sykes @haumicharts
Merry Christmas!
I hope you enjoyed these last few days shutting off, spending time with your family, and eating good food.
Unlike most of the world, it’s summer in New Zealand. Over here, we spend our Christmases in the hot sun, swimming, and enjoying the outdoors.
It’s a great vibe.
But let’s get a little crypto out of the way before our New Year’s celebrations.
We’ll keep this short, as there’s simply nothing to update.
by David
From the Desk of Kimmy Sokoloff
Futures are indicating higher this morning. I’ll be watching to see how they hold up.
It’s a short week, and probably a light week as far as trading volume.
by JC
We tend to think in US Dollars.
And this is for good reason, don’t get me wrong.
The US Dollar is the world’s dominant reserve currency.
But what if we treated Gold like another currency instead of a commodity?
It certainly acts more like a currency. Just look at the recent moves in Commodities, both up and down. Gold hasn’t exactly followed along….
So if Gold wants to behave like a currency, maybe we should treat it like one.
Here’s Gold priced in some very important currencies. In other words, this is what Gold looks like if you remove your US Dollar bias: [Read more…]
by JC
On Christmas or on any other day of the year, the goal is to sell things at higher prices than where we buy them.
And as great as Stocks have been performing, precious metals have done even better!
That relative strength is something we like to see in assets we own.
Now, when you zoom out in Gold, doesn’t this time remind you of that time 20 years ago? [Read more…]
From the desk of Steve Strazza @Sstrazza
Tuesday night we held our December Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Have you noticed commodities are breaking out?
No, not crude oil or copper. I’m talking about sugar, live cattle, and soybean meal.
Though these contracts rarely find themselves on the front page, their upside resolutions provide an important commodity-trading roadmap heading into 2023.
Plus, their relative strength reveals insight into the underlying nature of the current market environment.
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 David
From the Desk of Kimmy Sokoloff
That was very whippy action before the holiday weekend. Not great trading at all.
Lots of stops for me, but I kept my trades small.
