The world’s most important stock market index hasn’t been able to make any progress at all since early February.
Look at the Dow Jones Industrial Average the past 4 months.
The returns are non-existent: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The world’s most important stock market index hasn’t been able to make any progress at all since early February.
Look at the Dow Jones Industrial Average the past 4 months.
The returns are non-existent: [Read more…]
by JC
This is the video recording of the May 2024 Mid-month Conference Call.
by JC
This market is just NOT like it was in 2023.
It’s much different.
I’ve said it right here hundreds of time already.
But today’s chart of the day really shows this well, reiterating why it’s so important to adapt to changing markets.
Here is the S&P500 with a line plotted below it. This line represents the percentage of stocks in the index that are in longer-term uptrends, but are NOT in short- to intermediate-term uptrends. [Read more…]
by JC
They keep telling you that interest rates are going down.
But interest rates keep going up.
The US 10-year Yield and US 30-year Yields are hitting the highest levels since Mid-November.
In the near-term rate markets, US 1-year and 2-year yields have been up and to the right all year, also hitting the highest levels since November.
Meanwhile, your boy Joe Biden is literally out there telling people that rates are going down.
He said it again yesterday.
This Biden guy is either lying to you. Or he hasn’t even bothered to look.
And regardless of which side of the aisle you sit on, neither one of these answers is acceptable.
Why is the President of the United States lying to you about falling interest rates? [Read more…]
From the Desk of Steve Strazza @Sstrazza
We held our March Monthly Strategy Session Monday night. Premium Members can access and rewatch it here.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by JC
This is the video recording of our March 4th Monthly Charts Live Strategy Session
by JC
One of the things we’ve been monitoring closely over the past month is the new lows list.
I see very often how people love to just subtract random numbers from each other, mostly for the sake of subtracting.
There’s really no reason for it.
For example, lately I’m sure you’ve noticed some traders and analysts taking the new 52-week high list and then arbitrarily subtracting the number of new 52-week lows from it.
lol for what? [Read more…]
by JC
Market breadth can be a funny thing.
People think it’s easy. People think they can just pull up some indicator and it’s always going to tell them whether market breadth is good or bad.
But that’s not how it works. Some indicators are more valuable in certain environments than others. [Read more…]