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July 6, 2020 by Sean McLaughlin

A recent favorite among Robinhood traders, Facebook $FB is consolidating near all time highs and put in a clearly defined risk management level last week that gives us a great level to lean against on the long side: [Read more…]

Last Week In Review (07-02-2020)

July 6, 2020 by Steve Strazza

From the desk of Steve Strazza @Sstrazza

For the week ended Thursday, July 2, 2020:

Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Being Independence Day weekend, we’re going to highlight the continued structural outperformance from the US vs rest of the world in this week’s post. As a good patriot and technician, I would be remiss not to take this opportunity to reflect on how grateful US investors should be.

[Read more…]

Happy Guru Purnima 2020!

July 5, 2020 by JC

I’ve learned a lot of things and met some amazing people during my trips to India over the years. One of them is the original meaning of the word “Guru”.

You see, in America it definitely has a negative connotation. Most people I speak to don’t even know what “guru” actually means. For us, it’s usually a charlatan-type that no one likes. They usually know less than most and typically do much more harm to their audience than good. You’ll often see them buying twitter followers and spamming your LinkedIn messages.

In marketing parlance, they refer to the “Guru” as the guy (usually male) who they spend all their time on marketing and making them look good. The better and smarter the “guru” appears to be, the more money that comes in, and the more profits for the marketing company, regardless of how completely full of it they actually are.

In America, whenever you hear, “Financial Guru”, usually you want to run away as fast as possible.

But the truth is, Guru Purnima is one of the most beautiful concepts I’ve ever learned about. This unique festival on the Hindu calendar is dedicated to your Mentor or Teacher. This year it is being celebrated on July 5th, today.

On Guru Purnima Day, we want to pay obeisance to those we’ve learned from over the years and thank them for their teachings.

According to my friends in India, it is widely believed that it was on this day that Buddha gave his first sermon. [Read more…]

We’re Communicating More Than Ever

July 4, 2020 by JC

I find myself on Zoom calls all the time. How about you?

Did you notice that the Communications Index is pushing up against new all-time highs? Did you notice that during the March decline, communications held above their late 2018 lows?

I think all of this points to us paying a little more attention to what’s going on in the space.

First of all, check out the Communications Services Index holding above former resistance the past 2 years. That alone is impressive. If we’re above 272, there is no reason to be pessimistic about Communications Stocks: [Read more…]

Using Real Estate For A Read On Rates

July 3, 2020 by Steve Strazza

From the desk of Steve Strazza @Sstrazza

We haven’t talked much about Real Estate $XLRE lately because there really hasn’t been much to say. Over just about any timeframe, it’s underperformed the S&P 500 $SPY, which we’ll illustrate with a ratio chart below.

Price is basically unchanged over the trailing year. The only sectors that have performed worse are Industrials $XLI, Financials $XLF, and Energy $XLE. This is not a group you want to be associated with.

Looking at the chart, you’ll notice it’s gone nowhere for much longer than just the past year. XLRE has actually been chopping around in a messy range for the better part of four years now!

[Read more…]

Under The Hood (07-02-2020)

July 2, 2020 by Steve Strazza

From the desk of Steve Strazza @Sstrazza.

This is the third edition of our new “Under The Hood” column. Read more about it here.

We are already getting positive feedback on this new strategy from “Mr. Market” as both of our trade ideas from last week’s post are now in the top 5 of this week’s most popular stocks (measured by the net increase in ownership, week-over-week).

In other words, Robinhood investors have been buying these names hand-over-fist since we wrote about them last week. They’ve been rewarded for it too as they’ve both performed very well.

[Read more…]