The title of yesterday’s post was: “You can’t be short”.
I encourage you to give that a read.
And while that’s happening over in the S&P500 and Ethereum, here’s a good look at what’s been happening in Growth: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The title of yesterday’s post was: “You can’t be short”.
I encourage you to give that a read.
And while that’s happening over in the S&P500 and Ethereum, here’s a good look at what’s been happening in Growth: [Read more…]
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.
Every idea that we put on at All Star Charts starts with a technical setup that we like. We are students of price action and that supercedes everything.
It’s nice when our technical analysis lines up with “other” factors that may support our idea, be they fundamental, news, or in this case, insiders and activist activity.
Here’s what our team noticed in an email to ASC subscribers earlier this week:
The most significant insider transaction on today’s list is a Form 4 filing for Pinterest $PINS.
We wrote about PINS on July 15, when Elliott Management announced a large activist stake.
Now that the second quarter blackout period is behind Pinterest, CEO William J. Ready is also buying shares. He just reported a rather sizable $5 million purchase.
We can’t think of many things more bullish than the CEO getting involved following the insider activity from Elliott last week.
CEOs and Activists buying big positions? That has our attention.
Here’s a chart of the setup as we see it: [Read more…]
by JC
Was this just a bear market rally?
Or did we just see the initial thrust off the lows before a more sustainable move progresses into the end of the year?
That’s a good question to be asking.
And while we don’t ever actually know until after the fact anyway, we’ve set these 2 levels as clear lines in the sand for arguably two of the most important assets on the planet: The S&P500 and Ethereum.
The bottom line is this: If the S&P500 is above 4200 and Ethereum is above 1800 – YOU CANNOT BE SHORT. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
How funny would it be if the US Dollar Index $DXY peaked with the expectations of a 100 basis point rate hike last month?
And what would that mean for risk assets and the stock market rally?
These are just a few questions that float across my mind as I look through currency charts.
To be clear, the DXY isn’t showing any signs of a top. Momentum remains in a bullish regime, and the index is holding above the upper bounds of its former range.
I’m not going out on a limb here and calling a top in the US dollar. Instead, this is all about execution and remaining receptive to all possibilities.
by JC
Are you seeing Small-caps breaking out to new 4-month highs relative to Large-caps?
This underperformance in Small-caps began in Q1 2021 which, among other things, sparked the beginning of the bear market.
This week would mark the 18-month point, if a bear market is even something we’re still in.
This kind of outperformance from Small-caps is not something we’ve seen over the past 18-months. [Read more…]
by JC
In case you were wondering what we’ve been up to lately, well here you go.
I couldn’t be more excited to announce the launch of our new app: Rangefinder.
We’ve never received so much demand and feedback from our audience in our 10+ year history here at Allstarcharts.
Don’t wait another minute. Check it out for yourself: [Read more…]
From the desk of Steve Strazza @Sstrazza.
Welcome to Under the Hood, where we’ll cover all the action for the week ended August 5, 2022. This report is published bi-weekly and rotated with our Minor Leaguers scan.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Watch this video for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.