Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @Ianculley
“Trade what’s in front of you.”
We say it all the time. And it sounds simple enough.
But, with an immense amount of information circulating, it can be difficult to distinguish what’s important.
That’s why we focus on price. Price filters the noise and useless data.
At the end of the day, it’s price that pays.
So, if bonds are breaking out to fresh multi-month highs, we should buy bonds, right?
One of the great things about options trading is the flexibility afforded to traders to combine multiple contracts, of the same or differing expirations, long or short, to express unique ways to participate in whatever thesis we might have about the future direction or opportunity the market is offering.
Depending on the type of trader and person we are, this menu of choices available either incredibly excites us, or it overwhelms us with analysis paralysis.
I usually fall into the first camp, excited about the choices. But I’ll admit to sometimes feeling myself unable to make a confident strategy decision.
So when opportunities like today’s trade come along, I get pumped. This is because today’s trade is my favorite kind of setup. Both for the potential of the move and the simplicity in how we can play it! [Read more…]
by JC
Regardless of whether the majority of stocks in the market are going up or down, there seems to always be a group that just wants to keep on falling in price.
They can’t help themselves.
Investors just hate them.
And with that hatred, of course, comes opportunity.
Here’s this week’s shit list: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market is continuing yesterday’s slide after Fed Chair Powell’s speech.
For today, I’m watching the 21-day moving average on $SPY at 396.40. We’re slightly below it.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
We saw a lot of volatility after the FOMC meeting today.
We dropped below $SPX 4,000 before quickly bouncing back.
by David
From the Desk of Kimmy Sokoloff
We have the FOMC decision and Fed Chair Powell up at bat today.
I guess the market will be judging Powell’s overall tone to see if and when the Fed will start to pivot.
by Ian Culley
It’s the weekly currency edition of What the FICC?
The forex and futures markets will provide bountiful ways to trade a weakening dollar.
But what’s the best option?
Check it out!
