Expert technical analysis of financial markets by JC Parets
From the Desk of Louis Sykes @haumicharts
One of the hallmarks that’s defined crypto is its sheer innovative and scalable nature.
Blockchains are bringing tremendous benefits to traditional industries; self-sovereignty of massive sums of capital, incredibly efficient payment methods, digital collectibles, play-to-earn, and decentralization are all great examples.
Perhaps one of the more overlooked outcomes of this asset class blossoming is the promotion of finance among disenfranchised youth.
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Tuesday September 6th @ 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 evening: [Read more…]
From the Desk of Ian Culley @IanCulley
We look at a lot of charts. And believe it or not, many of them are absolute messes. Sideways, choppy, and trendless describe most markets right now.
It’s just a fact.
But we always find those big bases and tight continuation patterns on the verge of breaking out that keep us turning on our computers every morning. And the market I want to share with you today has both!
Lets’ take a look at coffee.
From the Desk of Ian Culley @IanCulley
Currency markets have provided stellar trading opportunities this year.
It isn’t always this way.
Last year was rough. False breakouts and whipsaws were the norm, as most forex pairs and crosses chopped sideways in trendless ranges.
Many of those consolidations have now resolved, as currency markets have begun to trend again. And it’s hard to find a stronger primary trend to bet against than the declining Japanese yen.
We’ve written about the yen multiple times in the past few months, pointing out that The Yen Provides the Base and joking that we could profit by simply buying Anything in Yen.
Today, we’ll follow up by outlining three tactical setups to bet on further yen weakness.
Boy do I have a treat for you today.
Last week I was a guest on the Investopedia Express Podcast with Caleb Silver and Kenny Polcari.
Kenny is known around wall street and the floor of the NYSE as the guy who would include recipes in his research notes.
How do you not already love the guy!
Caleb and I have also gotten to know each other well over the years.
So this was a ton of fun.
Between the market conversation, Kenny’s recipe and Dex McBean rapping, this was one of the best podcasts to ever be a part of.
I think you’ll enjoy this one: [Read more…]
From the Desk of Steve Strazza @sstrazza
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
From the Desk of Steve Strazza @Sstrazza
Welcome to our latest Minor Leaguers report.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
